Creative Planning Boosts Position in Match Group, Inc. (NASDAQ:MTCH)

Creative Planning raised its stake in Match Group, Inc. (NASDAQ:MTCH) by 35.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,149 shares of the technology company’s stock after purchasing an additional 4,460 shares during the period. Creative Planning’s holdings in Match Group were worth $649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC purchased a new position in Match Group during the 1st quarter worth approximately $33,000. Quarry LP increased its holdings in shares of Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after acquiring an additional 461 shares during the period. Sentry Investment Management LLC acquired a new position in shares of Match Group in the 1st quarter valued at $57,000. Mather Group LLC. increased its position in Match Group by 87.6% in the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after acquiring an additional 794 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in Match Group by 433.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MTCH. Royal Bank of Canada lifted their price target on Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Morgan Stanley lowered their price target on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Finally, Evercore ISI raised shares of Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Match Group has an average rating of “Moderate Buy” and a consensus target price of $41.58.

Match Group Stock Performance

Match Group stock opened at $36.23 on Tuesday. The firm has a market capitalization of $9.34 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.75 and a beta of 1.51. The company has a 50-day simple moving average of $36.93 and a 200-day simple moving average of $33.93. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42.

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.