APG Asset Management N.V. Has $837,000 Position in Match Group, Inc. (NASDAQ:MTCH)

APG Asset Management N.V. boosted its holdings in Match Group, Inc. (NASDAQ:MTCH) by 131.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,545 shares of the technology company’s stock after acquiring an additional 16,800 shares during the period. APG Asset Management N.V.’s holdings in Match Group were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Advisory Services Network LLC bought a new position in Match Group in the 4th quarter valued at about $256,000. Allianz Asset Management GmbH increased its stake in shares of Match Group by 5.0% during the fourth quarter. Allianz Asset Management GmbH now owns 210,922 shares of the technology company’s stock worth $7,699,000 after purchasing an additional 9,989 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Match Group by 4.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 131,025 shares of the technology company’s stock worth $4,782,000 after purchasing an additional 5,055 shares during the last quarter. Scotia Capital Inc. boosted its stake in Match Group by 4.2% in the 4th quarter. Scotia Capital Inc. now owns 36,405 shares of the technology company’s stock valued at $1,329,000 after purchasing an additional 1,460 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Match Group by 0.4% in the 4th quarter. California State Teachers Retirement System now owns 430,270 shares of the technology company’s stock valued at $15,705,000 after buying an additional 1,674 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $37.53 on Wednesday. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42. The company has a market capitalization of $9.68 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 0.78 and a beta of 1.50. The company has a fifty day moving average of $36.00 and a 200-day moving average of $33.46.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share (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 business had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $856.51 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Match Group, Inc. will post 1.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MTCH shares. Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. 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 report on Thursday, August 1st. TD Cowen raised their target price 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, Truist Financial boosted their price target on Match Group from $33.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.07.

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.