Renaissance Technologies LLC Has $34.97 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Renaissance Technologies LLC lifted its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 13.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,150,964 shares of the technology company's stock after buying an additional 135,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.43% of Match Group worth $34,966,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. acquired a new stake in Match Group during the first quarter worth approximately $28,000. Principal Securities Inc. purchased a new position in shares of Match Group during the 4th quarter worth about $31,000. Mather Group LLC. purchased a new stake in Match Group in the first quarter valued at approximately $33,000. Fidelis Capital Partners LLC acquired a new position in Match Group during the first quarter worth approximately $33,000. Finally, Riverview Trust Co purchased a new position in Match Group during the first quarter worth approximately $57,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MTCH. Morgan Stanley decreased their price target on shares of Match Group from $34.00 to $33.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Evercore ISI raised shares of Match Group to a "strong-buy" rating in a research report on Thursday, August 1st. TD Cowen increased their target price on Match Group from $44.00 to $46.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus boosted their price target on Match Group from $34.00 to $39.00 and gave the company a "hold" rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.07.

Match Group Stock Performance

Shares of NASDAQ:MTCH traded up $0.38 during midday trading on Thursday, hitting $36.64. The company's stock had a trading volume of 433,352 shares, compared to its average volume of 5,429,031. The stock's 50 day simple moving average is $35.40 and its 200 day simple moving average is $33.26. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.51. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.72 and a beta of 1.50.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.48 earnings per share for the quarter, meeting analysts' consensus estimates of $0.48. Match Group had a negative return on equity of 467.66% and a net margin of 18.72%. The company had revenue of $864.07 million for the quarter, compared to the consensus estimate of $856.51 million. During the same period in the previous year, the business earned $0.48 earnings per share. The company's quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts anticipate that Match Group, Inc. will post 1.98 EPS for the current year.

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.