Sumitomo Mitsui DS Asset Management Company Ltd Has $1.53 Million Position in Match Group, Inc. (NASDAQ:MTCH)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Match Group, Inc. (NASDAQ:MTCH) by 23.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,378 shares of the technology company’s stock after purchasing an additional 7,549 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Match Group were worth $1,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTCH. Mather Group LLC. acquired a new stake in shares of Match Group in the 1st quarter valued at about $33,000. Fidelis Capital Partners LLC acquired a new stake in Match Group in the first quarter valued at approximately $33,000. Quarry LP increased its holdings in shares of Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after acquiring an additional 461 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Match Group during the first quarter worth approximately $57,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Match Group during the first quarter worth approximately $57,000. 94.05% of the stock is owned by institutional investors.

Match Group Stock Performance

MTCH opened at $37.85 on Tuesday. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The firm has a 50-day moving average of $36.78 and a 200 day moving average of $33.66. The firm has a market cap of $9.76 billion, a P/E ratio of 16.46, a PEG ratio of 0.80 and a beta of 1.51.

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 analysts’ consensus estimates of $0.48. The firm had revenue of $864.07 million during the quarter, compared to the consensus estimate of $856.51 million. Match Group had a net margin of 18.72% and a negative return on equity of 467.66%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. Equities research analysts predict that Match Group, Inc. will post 1.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MTCH has been the subject of a number of recent research reports. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price for the company in a research report on Monday, August 5th. Stifel Nicolaus raised their price target on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Citigroup boosted their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Wolfe Research began coverage on Match Group in a report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 target price on the stock. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.78.

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.