DekaBank Deutsche Girozentrale Has $2.62 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

DekaBank Deutsche Girozentrale reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 37.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,181 shares of the technology company’s stock after selling 52,909 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Match Group were worth $2,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MTCH. Vanguard Group Inc. grew its holdings in Match Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock valued at $1,173,966,000 after purchasing an additional 416,140 shares during the period. Edmond DE Rothschild Holding S.A. boosted its position in shares of Match Group by 30.1% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,080,312 shares of the technology company’s stock worth $148,034,000 after purchasing an additional 943,894 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Match Group in the 2nd quarter valued at $100,848,000. Norges Bank acquired a new position in shares of Match Group in the 4th quarter valued at $112,903,000. Finally, Bank of New York Mellon Corp increased its position in shares of Match Group by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock valued at $77,342,000 after buying an additional 12,379 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MTCH has been the subject of a number of research analyst reports. Evercore ISI raised Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus boosted their price objective on Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 target price on shares of Match Group in a report on Wednesday, July 31st. The Goldman Sachs Group upped their price target on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a report 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.07.

Match Group Stock Up 0.9 %

MTCH stock opened at $36.26 on Thursday. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.87. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 0.72 and a beta of 1.50. The business has a 50 day moving average price of $35.40 and a two-hundred day moving average price of $33.26.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, meeting the consensus estimate 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 analysts’ expectations of $856.51 million. During the same period last year, the business earned $0.48 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Match Group, Inc. will post 1.98 EPS for the current fiscal 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.