Mawer Investment Management Ltd. Purchases 267,890 Shares of Match Group, Inc. (NASDAQ:MTCH)

Mawer Investment Management Ltd. increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 71.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 643,335 shares of the technology company's stock after purchasing an additional 267,890 shares during the period. Mawer Investment Management Ltd. owned approximately 0.25% of Match Group worth $24,344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Lazard Asset Management LLC grew its holdings in shares of Match Group by 24.5% during the first quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company's stock worth $14,908,000 after buying an additional 80,855 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Match Group by 1.3% during the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company's stock worth $1,173,966,000 after purchasing an additional 416,140 shares during the last quarter. Versor Investments LP increased its stake in Match Group by 301.7% in the 3rd quarter. Versor Investments LP now owns 48,200 shares of the technology company's stock valued at $1,824,000 after buying an additional 36,200 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Match Group by 146.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company's stock worth $4,929,000 after buying an additional 83,166 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Match Group by 117.5% during the 1st quarter. Russell Investments Group Ltd. now owns 218,694 shares of the technology company's stock worth $7,927,000 after buying an additional 118,142 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Trading Down 0.7 %

NASDAQ MTCH traded down $0.20 on Monday, hitting $30.51. 3,582,514 shares of the company's stock were exchanged, compared to its average volume of 5,272,911. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The stock has a 50-day moving average of $36.15 and a 200-day moving average of $33.98. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 13.62, a P/E/G ratio of 0.85 and a beta of 1.51.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley lowered their price target on Match Group from $36.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 12th. Bank of America restated a "neutral" rating and set a $35.00 price objective (down from $50.00) on shares of Match Group in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price target on Match Group from $47.00 to $35.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $38.00 price objective on shares of Match Group in a research note on Wednesday, July 31st. Finally, Hsbc Global Res upgraded Match Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 5th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Match Group has an average rating of "Moderate Buy" and a consensus price target of $40.73.

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.