Swedbank AB Acquires 126,400 Shares of Match Group, Inc. (NASDAQ:MTCH)

Swedbank AB increased its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 25.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 620,900 shares of the technology company's stock after acquiring an additional 126,400 shares during the period. Swedbank AB owned about 0.24% of Match Group worth $23,495,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTCH. Lazard Asset Management LLC boosted its position in shares of Match Group by 24.5% during the 1st quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company's stock valued at $14,908,000 after purchasing an additional 80,855 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of Match Group during the first quarter valued at approximately $2,410,000. Nordea Investment Management AB increased its position in shares of Match Group by 20.8% during the first quarter. Nordea Investment Management AB now owns 1,262,946 shares of the technology company's stock valued at $46,072,000 after acquiring an additional 217,760 shares during the last quarter. Vanguard Group Inc. grew 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 valued at $1,173,966,000 after purchasing an additional 416,140 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in Match Group by 146.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company's stock valued at $4,929,000 after purchasing an additional 83,166 shares during the period. Institutional investors own 94.05% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on MTCH. Royal Bank of Canada increased their price objective on Match Group from $33.00 to $47.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. StockNews.com downgraded Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, July 25th. Hsbc Global Res upgraded Match Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 5th. Wolfe Research began coverage on Match Group in a report on Tuesday, July 16th. They issued an "outperform" rating and a $36.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on Match Group from $34.00 to $39.00 and gave the stock a "hold" rating in a report on Thursday, August 1st. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $42.34.

Match Group Stock Performance

Shares of MTCH traded up $0.20 during mid-day trading on Thursday, reaching $38.03. The company had a trading volume of 2,548,894 shares, compared to its average volume of 5,310,485. The firm has a 50-day moving average price of $36.56 and a 200 day moving average price of $33.61. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 0.78 and a beta of 1.51.

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

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.