Mirae Asset Global Investments Co. Ltd. grew its position in Match Group, Inc. (NASDAQ:MTCH – Free Report) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,377 shares of the technology company’s stock after purchasing an additional 5,361 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.06% of Match Group worth $6,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its holdings in Match Group by 107,412.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 23,731,116 shares of the technology company’s stock worth $984,604,000 after buying an additional 23,709,043 shares during the period. Norges Bank purchased a new stake in Match Group during the 4th quarter valued at approximately $120,129,000. Flossbach Von Storch AG raised its position in shares of Match Group by 23.6% during the fourth quarter. Flossbach Von Storch AG now owns 8,093,912 shares of the technology company’s stock valued at $335,816,000 after buying an additional 1,547,256 shares during the last quarter. Amundi grew its stake in Match Group by 168.9% during the fourth quarter. Amundi now owns 1,669,702 shares of the technology company’s stock valued at $76,272,000 after acquiring an additional 1,048,655 shares in the last quarter. Finally, ING Groep NV increased its holdings in Match Group by 1,340.4% in the 4th quarter. ING Groep NV now owns 935,289 shares of the technology company’s stock valued at $38,805,000 after acquiring an additional 870,355 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Match Group
In other Match Group news, CEO Bernard Jin Kim purchased 31,439 shares of Match Group stock in a transaction dated Wednesday, May 31st. The shares were acquired at an average cost of $34.44 per share, with a total value of $1,082,759.16. Following the completion of the transaction, the chief executive officer now owns 48,500 shares in the company, valued at approximately $1,670,340. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold 1,500 shares of company stock valued at $61,445 over the last 90 days. Insiders own 0.72% of the company’s stock.
Match Group Trading Up 3.1 %
Match Group (NASDAQ:MTCH – Get Free Report) last announced its earnings results on Tuesday, August 1st. The technology company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Match Group had a net margin of 14.68% and a negative return on equity of 121.94%. The business had revenue of $830.00 million during the quarter, compared to the consensus estimate of $811.55 million. During the same period in the previous year, the company posted $0.70 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. On average, equities research analysts forecast that Match Group, Inc. will post 2 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Morgan Stanley boosted their target price on Match Group from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Loop Capital increased their target price on shares of Match Group from $35.00 to $38.00 in a research note on Tuesday, June 27th. Royal Bank of Canada upped their price target on shares of Match Group from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, August 3rd. Barclays increased their price objective on shares of Match Group from $50.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, August 3rd. Finally, Susquehanna upped their target price on Match Group from $48.00 to $55.00 and gave the company a “positive” rating in a research note on Thursday, August 3rd. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.77.
Get Our Latest Analysis on MTCH
Match Group Company Profile
Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, The League, Azar, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and Hakuna, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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