Swedbank AB Grows Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Swedbank AB grew its holdings in Match Group, Inc. (NASDAQ:MTCH) by 25.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,900 shares of the technology company’s stock after purchasing an additional 126,400 shares during the quarter. Swedbank AB owned about 0.24% of Match Group worth $23,495,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Fulton Bank N.A. lifted its stake in Match Group by 3.1% in the 3rd quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company’s stock worth $379,000 after purchasing an additional 299 shares in the last quarter. Empirical Finance LLC raised its position in shares of Match Group by 4.9% during the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company’s stock valued at $254,000 after buying an additional 326 shares during the period. Prestige Wealth Management Group LLC raised its position in shares of Match Group by 8.9% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company’s stock valued at $133,000 after buying an additional 357 shares during the period. Quarry LP raised its position in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after buying an additional 461 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of Match Group by 6.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock valued at $283,000 after buying an additional 478 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTCH has been the topic of several analyst reports. The Goldman Sachs Group lifted their price target on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $38.00 target price on shares of Match Group in a report on Wednesday, July 31st. Royal Bank of Canada lifted their target price on shares of Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Citigroup lifted their target price on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.34.

Match Group Trading Down 2.1 %

Shares of MTCH stock opened at $37.83 on Thursday. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The company has a market cap of $10.05 billion, a P/E ratio of 16.45, a PEG ratio of 0.75 and a beta of 1.51. The firm has a fifty day moving average price of $36.56 and a 200 day moving average price of $33.61.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The firm had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. During the same period in the previous year, the company earned $0.48 earnings per share. Match Group’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Match Group, Inc. will post 1.98 EPS for the current year.

Match Group Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.