Aurora Investment Counsel Has $2.16 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Aurora Investment Counsel lifted its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 17.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,002 shares of the technology company’s stock after acquiring an additional 10,716 shares during the quarter. Match Group makes up approximately 1.3% of Aurora Investment Counsel’s portfolio, making the stock its 21st biggest position. Aurora Investment Counsel’s holdings in Match Group were worth $2,157,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Lazard Asset Management LLC raised its position in Match Group by 24.5% in the first quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock valued at $14,908,000 after purchasing an additional 80,855 shares during the last quarter. FORA Capital LLC acquired a new stake in Match Group in the first quarter valued at $2,410,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Match Group in the fourth quarter valued at $5,503,000. Nordea Investment Management AB raised its position in Match Group by 20.8% during the 1st quarter. Nordea Investment Management AB now owns 1,262,946 shares of the technology company’s stock worth $46,072,000 after purchasing an additional 217,760 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Match Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after buying an additional 416,140 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of Match Group stock opened at $37.84 on Tuesday. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The stock has a 50 day moving average price of $35.94 and a two-hundred day moving average price of $33.43. The stock has a market capitalization of $10.05 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MTCH shares. Evercore ISI raised Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus increased their target price on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Citigroup increased their price objective on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Morgan Stanley lowered their target price on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.07.

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.