Mackenzie Financial Corp increased its stake in shares of Match Group, Inc. (NASDAQ:MTCH – Get Rating) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,769 shares of the technology company’s stock after purchasing an additional 3,144 shares during the period. Mackenzie Financial Corp’s holdings in Match Group were worth $1,656,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Prospera Financial Services Inc acquired a new stake in shares of Match Group during the first quarter worth $29,000. Zions Bancorporation N.A. grew its stake in shares of Match Group by 122.3% during the second quarter. Zions Bancorporation N.A. now owns 409 shares of the technology company’s stock worth $29,000 after purchasing an additional 225 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Match Group during the second quarter worth $30,000. GW&K Investment Management LLC acquired a new position in Match Group in the first quarter valued at about $37,000. Finally, Institutional & Family Asset Management LLC grew its stake in Match Group by 42.1% in the second quarter. Institutional & Family Asset Management LLC now owns 577 shares of the technology company’s stock valued at $40,000 after acquiring an additional 171 shares during the period. 94.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Match Group from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Morgan Stanley decreased their target price on Match Group from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, October 11th. Piper Sandler decreased their target price on Match Group from $80.00 to $70.00 in a research note on Wednesday, November 2nd. Barclays decreased their target price on Match Group to $64.00 in a research note on Tuesday, August 9th. Finally, Cowen decreased their target price on Match Group from $85.00 to $80.00 in a research note on Thursday, November 3rd. Seven analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.13.
Match Group Stock Performance
Match Group (NASDAQ:MTCH – Get Rating) last released its earnings results on Tuesday, November 1st. The technology company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.07). Match Group had a negative return on equity of 94.07% and a net margin of 3.39%. The company had revenue of $809.55 million for the quarter, compared to the consensus estimate of $793.03 million. On average, research analysts forecast that Match Group, Inc. will post 1.4 earnings per share for the current year.
Match Group Company Profile
Match Group, Inc provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.
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