Mirae Asset Global Investments Co. Ltd. Boosts Holdings in Match Group, Inc. (NASDAQ:MTCH)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 257,133 shares of the technology company’s stock after buying an additional 21,588 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Match Group were worth $9,385,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in MTCH. Money Concepts Capital Corp grew its stake in shares of Match Group by 27.0% in the fourth quarter. Money Concepts Capital Corp now owns 1,209 shares of the technology company’s stock worth $50,000 after acquiring an additional 257 shares in the last quarter. Ontario Teachers Pension Plan Board increased its holdings in Match Group by 4.2% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 6,936 shares of the technology company’s stock worth $754,000 after purchasing an additional 280 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Match Group by 2.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 10,192 shares of the technology company’s stock valued at $487,000 after purchasing an additional 283 shares in the last quarter. Laurel Wealth Advisors Inc. raised its position in Match Group by 6.9% in the 1st quarter. Laurel Wealth Advisors Inc. now owns 4,480 shares of the technology company’s stock valued at $488,000 after purchasing an additional 290 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Match Group by 10.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,460 shares of the technology company’s stock valued at $144,000 after buying an additional 317 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTCH. Citigroup raised their target price on shares of Match Group from $32.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. KeyCorp lifted their price objective on shares of Match Group from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Raymond James assumed coverage on shares of Match Group in a research note on Thursday, April 4th. They set a “market perform” rating for the company. JPMorgan Chase & Co. lowered their target price on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $45.00 target price on shares of Match Group in a research note on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $46.39.

Match Group Price Performance

NASDAQ MTCH opened at $32.68 on Friday. Match Group, Inc. has a 1 year low of $27.85 and a 1 year high of $49.24. The company has a market capitalization of $8.76 billion, a PE ratio of 14.33, a P/E/G ratio of 0.54 and a beta of 1.41. The company has a fifty day moving average of $35.32 and a two-hundred day moving average of $35.07.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, January 30th. The technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.32. Match Group had a net margin of 19.36% and a negative return on equity of 313.95%. The business had revenue of $866.00 million during the quarter, compared to the consensus estimate of $861.31 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, research analysts expect that Match Group, Inc. will post 2.17 earnings per share for the current year.

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.