Match Group, Inc. (NASDAQ:MTCH) Shares Acquired by Black Creek Investment Management Inc.

Black Creek Investment Management Inc. increased its stake in Match Group, Inc. (NASDAQ:MTCH) by 164.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,000 shares of the technology company’s stock after acquiring an additional 140,000 shares during the period. Match Group makes up about 0.3% of Black Creek Investment Management Inc.’s holdings, making the stock its 21st largest holding. Black Creek Investment Management Inc. owned about 0.08% of Match Group worth $6,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thompson Siegel & Walmsley LLC raised its position in Match Group by 61.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,348,529 shares of the technology company’s stock valued at $40,968,000 after purchasing an additional 513,342 shares in the last quarter. Achmea Investment Management B.V. raised its holdings in Match Group by 236.3% in the second quarter. Achmea Investment Management B.V. now owns 96,040 shares of the technology company’s stock valued at $2,917,000 after acquiring an additional 67,480 shares in the last quarter. Qsemble Capital Management LP purchased a new position in Match Group in the second quarter worth approximately $221,000. Factorial Partners LLC lifted its stake in Match Group by 32.1% in the second quarter. Factorial Partners LLC now owns 140,000 shares of the technology company’s stock worth $4,253,000 after acquiring an additional 34,000 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its holdings in Match Group by 40.5% during the 2nd quarter. Mawer Investment Management Ltd. now owns 375,445 shares of the technology company’s stock worth $11,406,000 after acquiring an additional 108,253 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MTCH. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Wolfe Research began coverage on Match Group in a report on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price target for the company. Stifel Nicolaus increased their price objective on Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a report on Thursday, August 1st. The Goldman Sachs Group boosted their target price on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada increased their price target on shares of Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.07.

Match Group Stock Up 0.1 %

NASDAQ MTCH opened at $35.02 on Monday. The firm has a market cap of $9.03 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.72 and a beta of 1.50. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $44.66. The business’s 50-day moving average price is $35.09 and its 200 day moving average price is $33.25.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The company had revenue of $864.07 million for the quarter, compared to the consensus estimate of $856.51 million. During the same period last year, the business posted $0.48 EPS. The company’s revenue was up 4.2% on a year-over-year basis. As a group, analysts anticipate that Match Group, Inc. will post 1.98 earnings per share for the current year.

Match Group 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.