XTX Topco Ltd Makes New $801,000 Investment in Match Group, Inc. (NASDAQ:MTCH)

XTX Topco Ltd bought a new position in shares of Match Group, Inc. (NASDAQ:MTCH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,381 shares of the technology company’s stock, valued at approximately $801,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MTCH. Gryphon Financial Partners LLC purchased a new position in shares of Match Group during the 4th quarter worth approximately $149,000. Principal Securities Inc. purchased a new stake in shares of Match Group in the 4th quarter worth approximately $31,000. Dimensional Fund Advisors LP grew its stake in shares of Match Group by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,227,300 shares of the technology company’s stock worth $44,799,000 after buying an additional 85,775 shares during the last quarter. Assetmark Inc. grew its stake in shares of Match Group by 47.7% in the 4th quarter. Assetmark Inc. now owns 1,739 shares of the technology company’s stock worth $63,000 after buying an additional 562 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of Match Group by 415.8% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 26,738 shares of the technology company’s stock worth $976,000 after buying an additional 21,554 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on MTCH shares. HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target on the stock in a research note on Monday, August 5th. Truist Financial increased their target price on Match Group from $33.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Evercore ISI upgraded Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group increased their target price on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada increased their target price on Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Match Group presently has an average rating of “Moderate Buy” and an average price target of $42.07.

Match Group Stock Performance

Shares of Match Group stock opened at $36.30 on Monday. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The stock’s fifty day moving average is $35.58 and its 200 day moving average is $33.28. The stock 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.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.48 EPS for the quarter, hitting 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 analysts’ expectations of $856.51 million. During the same period last year, the firm earned $0.48 EPS. Match Group’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts predict that Match Group, Inc. will post 1.98 EPS for the current year.

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.