Principal Financial Group Inc. Boosts Position in Match Group, Inc. (NASDAQ:MTCH)

Principal Financial Group Inc. boosted its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 0.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 296,637 shares of the technology company’s stock after buying an additional 403 shares during the quarter. Principal Financial Group Inc. owned 0.11% of Match Group worth $11,225,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new position in shares of Match Group in the 2nd quarter valued at $100,848,000. Pacer Advisors Inc. lifted its stake in shares of Match Group by 88.5% in the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after purchasing an additional 2,940,667 shares during the period. Marshall Wace LLP acquired a new position in shares of Match Group in the 2nd quarter valued at $49,053,000. Capitolis Liquid Global Markets LLC lifted its stake in shares of Match Group by 668.9% in the 1st quarter. Capitolis Liquid Global Markets LLC now owns 1,304,000 shares of the technology company’s stock valued at $47,309,000 after purchasing an additional 1,134,400 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Match Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock valued at $69,018,000 after purchasing an additional 977,090 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Down 1.8 %

Match Group stock opened at $30.71 on Monday. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.85 and a beta of 1.51. The company has a fifty day simple moving average of $36.15 and a 200-day simple moving average of $33.98.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MTCH shares. Wells Fargo & Company decreased their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 8th. Citigroup boosted their price target on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley cut their price target on shares of Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Finally, Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.73.

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.