Los Angeles Capital Management LLC Increases Position in Match Group, Inc. (NASDAQ:MTCH)

Los Angeles Capital Management LLC raised its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 120.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,308 shares of the technology company's stock after acquiring an additional 24,235 shares during the quarter. Los Angeles Capital Management LLC's holdings in Match Group were worth $1,617,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Metis Global Partners LLC grew its holdings in Match Group by 17.7% in the third quarter. Metis Global Partners LLC now owns 11,767 shares of the technology company's stock worth $461,000 after purchasing an additional 1,770 shares during the period. Nordea Investment Management AB raised its holdings in Match Group by 22.4% in the 4th quarter. Nordea Investment Management AB now owns 1,045,186 shares of the technology company's stock worth $37,961,000 after acquiring an additional 191,615 shares during the last quarter. Scharf Investments LLC bought a new position in Match Group in the 4th quarter valued at approximately $31,526,000. American Century Companies Inc. boosted its stake in Match Group by 13.9% during the 3rd quarter. American Century Companies Inc. now owns 1,509,954 shares of the technology company's stock valued at $59,152,000 after purchasing an additional 184,325 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Match Group by 4,348.2% during the 4th quarter. International Assets Investment Management LLC now owns 79,935 shares of the technology company's stock valued at $2,918,000 after purchasing an additional 78,138 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Match Group Stock Performance

MTCH stock traded down $1.69 during mid-day trading on Wednesday, reaching $29.82. 20,556,686 shares of the stock traded hands, compared to its average volume of 5,801,081. The business has a 50-day moving average price of $33.77 and a two-hundred day moving average price of $34.34. The stock has a market capitalization of $7.99 billion, a PE ratio of 12.88, a PEG ratio of 0.51 and a beta of 1.43. Match Group, Inc. has a one year low of $27.66 and a one year high of $49.24.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The company had revenue of $860.00 million for the quarter, compared to analyst estimates of $855.77 million. During the same period in the prior year, the company posted $0.42 EPS. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts expect that Match Group, Inc. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MTCH shares. UBS Group upped 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. JPMorgan Chase & Co. dropped their price objective on shares of Match Group from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, February 1st. Morgan Stanley lowered Match Group from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $53.00 to $37.00 in a research note on Thursday, April 18th. StockNews.com raised Match Group from a "hold" rating to a "buy" rating in a report on Thursday, May 2nd. Finally, Citigroup boosted their price target on Match Group from $32.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, February 1st. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $42.82.

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.