Los Angeles Capital Management LLC Makes New Investment in Match Group, Inc. (NASDAQ:MTCH)

Los Angeles Capital Management LLC bought a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 69,733 shares of the technology company’s stock, valued at approximately $2,639,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Quarry LP increased its position in shares of Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after acquiring an additional 461 shares during the period. Mather Group LLC. increased its holdings in Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after purchasing an additional 794 shares during the period. Sentry Investment Management LLC bought a new stake in Match Group during the 1st quarter valued at $57,000. International Assets Investment Management LLC purchased a new stake in shares of Match Group in the 2nd quarter worth $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Match Group by 433.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after buying an additional 1,500 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $30.88 on Wednesday. The company has a market capitalization of $7.96 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.63 and a beta of 1.51. The company’s fifty day moving average price is $36.59 and its 200 day moving average price is $33.99. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. UBS Group cut their price target on Match Group from $43.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price objective on shares of Match Group in a research note on Wednesday, July 31st. Wolfe Research started coverage on Match Group in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.