Los Angeles Capital Management LLC Purchases 24,235 Shares of Match Group, Inc. (NASDAQ:MTCH)

Los Angeles Capital Management LLC raised its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 120.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,308 shares of the technology company’s stock after purchasing an additional 24,235 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Match Group were worth $1,617,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Match Group by 6.5% during the third quarter. Commonwealth Equity Services LLC now owns 8,678 shares of the technology company’s stock valued at $340,000 after purchasing an additional 530 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Match Group by 101.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 55,548 shares of the technology company’s stock worth $2,176,000 after acquiring an additional 28,008 shares during the period. Raymond James & Associates increased its position in Match Group by 25.7% during the third quarter. Raymond James & Associates now owns 314,969 shares of the technology company’s stock valued at $12,339,000 after acquiring an additional 64,334 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Match Group by 266.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 38,376 shares of the technology company’s stock worth $1,503,000 after purchasing an additional 27,916 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Match Group by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,573,079 shares of the technology company’s stock valued at $100,800,000 after purchasing an additional 51,914 shares during the period. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Down 2.3 %

MTCH opened at $31.51 on Wednesday. The stock’s fifty day moving average is $33.77 and its two-hundred day moving average is $34.34. The company has a market capitalization of $8.44 billion, a P/E ratio of 13.82, a PEG ratio of 0.51 and a beta of 1.43. Match Group, Inc. has a 52 week low of $27.85 and a 52 week high of $49.24.

Analyst Ratings Changes

Several research firms have issued reports on MTCH. UBS Group boosted their price target on Match Group from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Piper Sandler reissued an “overweight” rating and set a $45.00 target price on shares of Match Group in a research note on Wednesday, March 27th. StockNews.com upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. JPMorgan Chase & Co. decreased their price target on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 1st. Finally, KeyCorp cut their price target on Match Group from $50.00 to $46.00 and set an “overweight” rating for the company in a report on Monday. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.82.

Match Group Company 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.