Public Sector Pension Investment Board Has $19.53 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Public Sector Pension Investment Board increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 0.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 642,902 shares of the technology company’s stock after purchasing an additional 3,562 shares during the period. Public Sector Pension Investment Board owned approximately 0.25% of Match Group worth $19,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. DRW Securities LLC bought a new stake in shares of Match Group in the second quarter valued at approximately $500,000. Mount Yale Investment Advisors LLC raised its stake in Match Group by 9.2% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 37,734 shares of the technology company’s stock valued at $1,146,000 after purchasing an additional 3,191 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Match Group by 7.1% in the 2nd quarter. ProShare Advisors LLC now owns 78,595 shares of the technology company’s stock valued at $2,388,000 after purchasing an additional 5,178 shares during the period. Sei Investments Co. grew its position in Match Group by 70.4% in the 2nd quarter. Sei Investments Co. now owns 84,493 shares of the technology company’s stock worth $2,566,000 after purchasing an additional 34,922 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC increased its holdings in shares of Match Group by 43.2% during the 2nd quarter. Garden State Investment Advisory Services LLC now owns 13,931 shares of the technology company’s stock worth $423,000 after purchasing an additional 4,203 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Down 1.5 %

Shares of NASDAQ:MTCH opened at $36.30 on Monday. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The firm has a market cap of $9.64 billion, a P/E ratio of 15.78, a P/E/G ratio of 0.72 and a beta of 1.50. The company’s 50-day moving average price is $35.58 and its two-hundred day moving average price is $33.28.

Match Group (NASDAQ:MTCH) last issued 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 business had revenue of $864.07 million during the quarter, compared to analyst estimates of $856.51 million. During the same quarter last year, the business posted $0.48 earnings per share. Match Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that Match Group, Inc. will post 1.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTCH has been the subject of several research reports. Royal Bank of Canada increased their target price on shares of Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price objective on shares of Match Group in a research report on Wednesday, July 31st. Evercore ISI raised Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Wolfe Research started coverage on shares of Match Group in a report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price target on the stock. Finally, Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.07.

About Match Group

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.