Dimensional Fund Advisors LP Grows Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Dimensional Fund Advisors LP increased its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 75.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,271,787 shares of the technology company’s stock after purchasing an additional 977,090 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.86% of Match Group worth $69,018,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in MTCH. Black Creek Investment Management Inc. raised its holdings in Match Group by 164.7% in the 2nd quarter. Black Creek Investment Management Inc. now owns 225,000 shares of the technology company’s stock valued at $6,836,000 after acquiring an additional 140,000 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its position in shares of Match Group by 61.5% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,348,529 shares of the technology company’s stock valued at $40,968,000 after purchasing an additional 513,342 shares in the last quarter. Achmea Investment Management B.V. increased its holdings in shares of Match Group by 236.3% in the second quarter. Achmea Investment Management B.V. now owns 96,040 shares of the technology company’s stock valued at $2,917,000 after purchasing an additional 67,480 shares during the last quarter. Qsemble Capital Management LP purchased a new position in Match Group during the second quarter worth approximately $221,000. Finally, Factorial Partners LLC boosted its stake in Match Group by 32.1% during the second quarter. Factorial Partners LLC now owns 140,000 shares of the technology company’s stock worth $4,253,000 after buying an additional 34,000 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Up 1.7 %

Shares of NASDAQ:MTCH opened at $37.81 on Friday. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The firm’s 50 day moving average price is $35.81 and its 200 day moving average price is $33.38. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial lifted their price target on Match Group from $33.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price on the stock in a report on Monday, August 5th. StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Morgan Stanley decreased their price objective on Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, Citigroup lifted their target price on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.07.

Match Group Company 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.