The Manufacturers Life Insurance Company Buys 2,602 Shares of Match Group, Inc. (NASDAQ:MTCH)

The Manufacturers Life Insurance Company increased its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 1.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 224,933 shares of the technology company’s stock after purchasing an additional 2,602 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.09% of Match Group worth $6,833,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. YHB Investment Advisors Inc. acquired a new stake in shares of Match Group during the 1st quarter worth approximately $28,000. Mather Group LLC. acquired a new position in shares of Match Group during the 1st quarter worth approximately $33,000. Fidelis Capital Partners LLC bought a new stake in shares of Match Group during the first quarter worth approximately $33,000. Riverview Trust Co acquired a new stake in Match Group during the 1st quarter worth approximately $57,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Match Group during the 1st quarter worth approximately $57,000. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MTCH shares. Citigroup boosted their price objective on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wolfe Research initiated coverage on shares of Match Group in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price objective for the company. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. TD Cowen upped their price target on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a report on Monday, August 5th. Eight equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.07.

Match Group Stock Up 0.8 %

MTCH stock opened at $37.60 on Friday. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.77 and a beta of 1.51. The company’s fifty day simple moving average is $36.26 and its 200 day simple moving average is $33.52. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $856.51 million. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Research analysts expect that Match Group, Inc. will post 1.98 earnings per share for the current year.

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.