Match Group, Inc. (NASDAQ:MTCH) is Bronte Capital Management Pty Ltd.'s 8th Largest Position

Bronte Capital Management Pty Ltd. increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 15.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,307,151 shares of the technology company's stock after purchasing an additional 176,915 shares during the period. Match Group accounts for 4.3% of Bronte Capital Management Pty Ltd.'s investment portfolio, making the stock its 8th largest holding. Bronte Capital Management Pty Ltd. owned 0.51% of Match Group worth $49,463,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Texas Permanent School Fund Corp grew its position in shares of Match Group by 3.4% during the first quarter. Texas Permanent School Fund Corp now owns 56,113 shares of the technology company's stock worth $2,036,000 after acquiring an additional 1,869 shares during the last quarter. Atomi Financial Group Inc. acquired a new stake in Match Group in the first quarter valued at approximately $285,000. Russell Investments Group Ltd. raised 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 valued at $7,927,000 after purchasing an additional 118,142 shares during the period. ProShare Advisors LLC lifted its stake in shares of Match Group by 49.4% in the 1st quarter. ProShare Advisors LLC now owns 73,417 shares of the technology company's stock valued at $2,664,000 after acquiring an additional 24,260 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in shares of Match Group by 23.8% in the 1st quarter. Bleakley Financial Group LLC now owns 90,716 shares of the technology company's stock worth $3,291,000 after buying an additional 17,427 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

MTCH has been the subject of a number of analyst reports. Wolfe Research started coverage on Match Group in a report on Tuesday, July 16th. They set an "outperform" rating and a $36.00 target price for the company. Royal Bank of Canada dropped their price target on shares of Match Group from $47.00 to $35.00 and set an "outperform" rating for the company in a research note on Friday. TD Cowen boosted their price target on Match Group from $44.00 to $46.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Truist Financial decreased 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. Finally, Morgan Stanley dropped 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. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $40.73.

Match Group Trading Down 4.1 %

Shares of Match Group stock traded down $1.30 on Tuesday, hitting $30.64. 2,462,005 shares of the company traded hands, compared to its average volume of 5,277,374. The stock's 50 day moving average price is $36.59 and its 200-day moving average price is $33.99. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The company has a market cap of $7.90 billion, a PE ratio of 14.26, a PEG ratio of 0.63 and a beta of 1.51.

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.