Empirical Finance LLC Increases Holdings in Match Group, Inc. (NASDAQ:MTCH)

Empirical Finance LLC boosted its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,952 shares of the technology company’s stock after purchasing an additional 384 shares during the quarter. Empirical Finance LLC’s holdings in Match Group were worth $982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MTCH. Lazard Asset Management LLC grew 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 worth $14,908,000 after buying an additional 80,855 shares in the last quarter. Vanguard Group Inc. increased its position in Match Group by 1.3% during the 1st 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. Versor Investments LP raised its holdings in shares of 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 purchasing an additional 36,200 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of Match Group by 146.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock worth $4,929,000 after purchasing an additional 83,166 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Match Group by 117.5% during the first 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 in the last quarter. 94.05% of the stock is owned by institutional investors.

Match Group Stock Performance

Shares of MTCH stock opened at $30.71 on Friday. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The firm has a market capitalization of $7.92 billion, a PE ratio of 13.71, a P/E/G ratio of 0.85 and a beta of 1.51. The stock’s 50-day simple moving average is $36.15 and its 200-day simple moving average is $33.96.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup upped their target price on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. KeyCorp dropped their price objective on Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. The Goldman Sachs Group boosted their target price on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a report on Friday. Finally, Hsbc Global Res upgraded shares of 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.73.

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.