Leuthold Group LLC Has $4.97 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Leuthold Group LLC lifted its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 4.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 137,104 shares of the technology company’s stock after buying an additional 6,077 shares during the quarter. Leuthold Group LLC owned about 0.05% of Match Group worth $4,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in shares of Match Group by 34.7% during the third quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company’s stock worth $324,174,000 after purchasing an additional 2,130,646 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Match Group by 43.9% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 3,136,418 shares of the technology company’s stock worth $114,479,000 after purchasing an additional 956,387 shares during the last quarter. Norges Bank bought a new stake in shares of Match Group during the fourth quarter worth about $112,903,000. Charles Schwab Investment Management Inc. boosted its holdings in Match Group by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,466,837 shares of the technology company’s stock valued at $90,040,000 after acquiring an additional 51,179 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Match Group by 4.5% in the fourth quarter. First Trust Advisors LP now owns 2,300,596 shares of the technology company’s stock valued at $83,972,000 after acquiring an additional 98,912 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MTCH shares. UBS Group reduced their target price on Match Group from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a report on Monday, June 24th. Wells Fargo & Company cut their price target on Match Group from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Morgan Stanley lowered their price target on Match Group from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Match Group from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and a consensus price target of $42.45.

Match Group Trading Up 2.6 %

NASDAQ:MTCH traded up $0.83 during trading hours on Friday, reaching $32.38. 4,097,097 shares of the company traded hands, compared to its average volume of 5,534,921. The business’s 50-day moving average price is $30.66 and its two-hundred day moving average price is $33.70. The stock has a market capitalization of $8.60 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.52 and a beta of 1.49. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $49.24.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The business had revenue of $860.00 million during the quarter, compared to analysts’ expectations of $855.77 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts anticipate that Match Group, Inc. will post 2.11 EPS 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.