Strategic Wealth Partners Ltd. Buys 10,729 Shares of Match Group, Inc. (NASDAQ:MTCH)

Strategic Wealth Partners Ltd. raised its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 19.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,040 shares of the technology company’s stock after acquiring an additional 10,729 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Match Group were worth $2,461,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. bought a new stake in shares of Match Group in the 3rd quarter worth approximately $292,000. Fulton Bank N.A. raised its stake in Match Group by 3.1% during the third quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company’s stock valued at $379,000 after buying an additional 299 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Match Group by 114.4% in the third quarter. GAMMA Investing LLC now owns 5,391 shares of the technology company’s stock worth $204,000 after acquiring an additional 2,877 shares in the last quarter. Czech National Bank grew its stake in shares of Match Group by 3.8% in the third quarter. Czech National Bank now owns 52,535 shares of the technology company’s stock worth $1,988,000 after acquiring an additional 1,909 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Match Group by 19.1% during the third quarter. Handelsbanken Fonder AB now owns 63,100 shares of the technology company’s stock valued at $2,388,000 after acquiring an additional 10,100 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MTCH shares. StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Citigroup increased their price target 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $38.00 price objective on shares of Match Group in a report on Wednesday, July 31st. 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. Finally, Morgan Stanley decreased their price target on 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. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Match Group has an average rating of “Moderate Buy” and a consensus price target of $42.34.

Match Group Stock Performance

NASDAQ MTCH opened at $37.72 on Wednesday. The stock has a 50 day moving average price of $36.35 and a 200-day moving average price of $33.51. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The company has a market capitalization of $10.02 billion, a P/E ratio of 16.40, a P/E/G ratio of 0.77 and a beta of 1.51.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data 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 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 company posted $0.48 EPS. The business’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts predict 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.