EULAV Asset Management Has $15.71 Million Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

EULAV Asset Management grew its stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 16.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 415,136 shares of the technology company's stock after buying an additional 59,955 shares during the period. EULAV Asset Management owned approximately 0.16% of Match Group worth $15,709,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MTCH. Assenagon Asset Management S.A. acquired a new stake in Match Group in the 2nd quarter valued at $100,848,000. Pacer Advisors Inc. boosted its stake in shares of Match Group by 88.5% in the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company's stock valued at $190,279,000 after purchasing an additional 2,940,667 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Match Group in the 2nd quarter worth about $49,053,000. Dimensional Fund Advisors LP increased its position in shares of Match Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company's stock worth $69,018,000 after purchasing an additional 977,090 shares in the last quarter. Finally, Minneapolis Portfolio Management Group LLC acquired a new position in shares of Match Group in the 3rd quarter worth approximately $20,097,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MTCH. Citigroup raised their price objective on shares of Match Group from $33.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. Wells Fargo & Company reduced their price objective on Match Group from $38.00 to $35.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 8th. Truist Financial dropped their target price on Match Group from $37.00 to $35.00 and set a "hold" rating for the company in a research report on Friday, November 8th. Morgan Stanley lowered their price objective on Match Group from $36.00 to $33.00 and set an "equal weight" rating for the company in a research report on Tuesday, November 12th. Finally, HSBC upgraded shares of Match Group from a "hold" rating to a "buy" rating and set a $43.20 target price on the stock in a research report on Monday, August 5th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Match Group currently has an average rating of "Moderate Buy" and an average target price of $40.73.

Match Group Price Performance

NASDAQ MTCH traded up $0.12 during trading on Wednesday, reaching $30.41. 2,166,149 shares of the company's stock were exchanged, compared to its average volume of 5,248,910. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The business has a 50 day moving average price of $35.92 and a 200-day moving average price of $33.96. The stock has a market capitalization of $7.84 billion, a P/E ratio of 13.52, a PEG ratio of 0.85 and a beta of 1.51.

About Match Group

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.