62,288 Shares in Match Group, Inc. (NASDAQ:MTCH) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,288 shares of the technology company's stock, valued at approximately $2,274,000. Match Group makes up approximately 0.8% of Lecap Asset Management Ltd.'s portfolio, making the stock its 21st biggest holding.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of Match Group by 5.6% during the first quarter. BlackRock Inc. now owns 35,749,193 shares of the technology company's stock worth $1,372,412,000 after purchasing an additional 1,889,531 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Match Group by 1.7% during the first quarter. Vanguard Group Inc. now owns 29,160,856 shares of the technology company's stock worth $3,170,951,000 after purchasing an additional 500,418 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of Match Group by 107,412.0% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 23,731,116 shares of the technology company's stock worth $984,604,000 after purchasing an additional 23,709,043 shares during the last quarter. State Street Corp grew its holdings in shares of Match Group by 0.5% during the first quarter. State Street Corp now owns 12,492,462 shares of the technology company's stock worth $1,358,430,000 after purchasing an additional 58,027 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Match Group by 34.7% during the third quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company's stock worth $324,174,000 after purchasing an additional 2,130,646 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTCH has been the topic of several research analyst reports. Citigroup increased their target price on Match Group from $32.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, February 1st. KeyCorp raised their price target on Match Group from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Raymond James began coverage on Match Group in a report on Thursday, April 4th. They issued a "market perform" rating on the stock. StockNews.com cut Match Group from a "buy" rating to a "hold" rating in a report on Thursday, April 4th. Finally, UBS Group raised their price target on Match Group from $35.00 to $38.00 and gave the company a "neutral" rating in a report on Friday, January 26th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $46.39.

Match Group Trading Down 3.3 %

Shares of NASDAQ MTCH traded down $1.13 during mid-day trading on Friday, reaching $32.68. 5,351,472 shares of the company's stock were exchanged, compared to its average volume of 5,375,347. The firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.54 and a beta of 1.41. The business has a fifty day simple moving average of $35.32 and a 200 day simple moving average of $35.03. Match Group, Inc. has a twelve month low of $27.85 and a twelve month high of $49.24.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings results on Tuesday, January 30th. The technology company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.32. The company had revenue of $866.00 million for the quarter, compared to analyst estimates of $861.31 million. Match Group had a negative return on equity of 313.95% and a net margin of 19.36%. Match Group's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share. Equities research analysts predict that Match Group, Inc. will post 2.17 earnings per share for the current fiscal 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.