Easterly Investment Partners LLC Purchases 24,499 Shares of Match Group, Inc. (NASDAQ:MTCH)

Easterly Investment Partners LLC raised its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 97.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,519 shares of the technology company's stock after acquiring an additional 24,499 shares during the period. Easterly Investment Partners LLC's holdings in Match Group were worth $1,874,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Match Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company's stock worth $1,173,966,000 after acquiring an additional 416,140 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Match Group by 88.5% during the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company's stock valued at $190,279,000 after buying an additional 2,940,667 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of Match Group by 30.1% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,080,312 shares of the technology company's stock valued at $148,034,000 after buying an additional 943,894 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Match Group during the second quarter valued at $100,848,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Match Group by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company's stock valued at $77,342,000 after buying an additional 12,379 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Price Performance

Shares of MTCH stock traded down $0.55 during trading hours on Friday, reaching $30.56. 10,143,629 shares of the company traded hands, compared to its average volume of 5,286,069. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42. The company has a market cap of $7.88 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.79 and a beta of 1.51. The firm has a 50-day moving average price of $36.70 and a 200 day moving average price of $33.96.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Match Group had a negative return on equity of 727.22% and a net margin of 17.86%. The company had revenue of $895.48 million for the quarter, compared to analysts' expectations of $900.33 million. Sell-side analysts predict that Match Group, Inc. will post 1.96 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group dropped their price objective on Match Group from $43.00 to $38.00 and set a "neutral" rating on the stock in a research report on Friday. Royal Bank of Canada dropped their price objective on Match Group from $47.00 to $35.00 and set an "outperform" rating on the stock in a research report on Friday. Wolfe Research began coverage on Match Group in a research report on Tuesday, July 16th. They set an "outperform" rating and a $36.00 price objective on the stock. TD Cowen increased their target price on Match Group from $44.00 to $46.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company lowered their target price 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. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.90.

Match Group 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.