Profund Advisors LLC Increases Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Profund Advisors LLC raised its stake in Match Group, Inc. (NASDAQ:MTCH) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,508 shares of the technology company’s stock after purchasing an additional 3,102 shares during the quarter. Profund Advisors LLC’s holdings in Match Group were worth $1,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MTCH. Capital Advisors Ltd. LLC purchased a new position in shares of Match Group in the 2nd quarter valued at approximately $28,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Match Group by 53.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 716 shares of the technology company’s stock valued at $30,000 after purchasing an additional 248 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. grew its stake in shares of Match Group by 683.6% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 956 shares of the technology company’s stock valued at $40,000 after purchasing an additional 834 shares during the last quarter. AM Squared Ltd purchased a new position in shares of Match Group in the 1st quarter valued at approximately $46,000. Finally, Harbour Investments Inc. boosted its stake in shares of Match Group by 44.6% in the first quarter. Harbour Investments Inc. now owns 1,216 shares of the technology company’s stock valued at $47,000 after buying an additional 375 shares in the last quarter. 93.56% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Match Group

In other Match Group news, Director Glenn Schiffman bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was purchased at an average cost of $29.11 per share, for a total transaction of $116,440.00. Following the completion of the purchase, the director now owns 22,243 shares of the company’s stock, valued at approximately $647,493.73. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 1,500 shares of company stock worth $58,315. 0.72% of the stock is currently owned by insiders.

Match Group Stock Up 0.5 %

NASDAQ MTCH opened at $32.59 on Tuesday. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 0.55 and a beta of 1.41. The business has a fifty day moving average of $36.14 and a 200-day moving average of $39.70. Match Group, Inc. has a fifty-two week low of $27.85 and a fifty-two week high of $54.60.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, October 31st. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. The firm had revenue of $882.00 million during the quarter, compared to analyst estimates of $879.85 million. Match Group had a negative return on equity of 173.16% and a net margin of 15.42%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. As a group, analysts anticipate that Match Group, Inc. will post 1.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MTCH. Stifel Nicolaus lifted their price target on Match Group from $37.00 to $44.00 in a research note on Thursday, August 3rd. KeyCorp decreased their price target on Match Group from $60.00 to $56.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Susquehanna decreased their price target on Match Group from $55.00 to $39.00 and set a “positive” rating on the stock in a research note on Thursday, November 2nd. Bank of America assumed coverage on Match Group in a research note on Thursday, October 19th. They issued a “buy” rating and a $52.00 price target on the stock. Finally, BTIG Research raised Match Group from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Wednesday, August 2nd. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Match Group currently has an average rating of “Moderate Buy” and an average target price of $51.50.

Match Group 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.