Leuthold Group LLC Makes New $4.78 Million Investment in Match Group, Inc. (NASDAQ:MTCH)

Leuthold Group LLC acquired a new stake in Match Group, Inc. (NASDAQ:MTCH) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 131,027 shares of the technology company’s stock, valued at approximately $4,782,000.

Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC lifted its stake in shares of Match Group by 6.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,678 shares of the technology company’s stock valued at $340,000 after purchasing an additional 530 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Match Group by 101.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 55,548 shares of the technology company’s stock worth $2,176,000 after buying an additional 28,008 shares during the period. Raymond James & Associates increased its stake in shares of Match Group by 25.7% in the 3rd quarter. Raymond James & Associates now owns 314,969 shares of the technology company’s stock valued at $12,339,000 after acquiring an additional 64,334 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Match Group by 266.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 38,376 shares of the technology company’s stock valued at $1,503,000 after acquiring an additional 27,916 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Match Group by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 2,573,079 shares of the technology company’s stock worth $100,800,000 after acquiring an additional 51,914 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and set a $45.00 price objective on shares of Match Group in a research report on Wednesday, March 27th. Morgan Stanley downgraded Match Group from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $53.00 to $37.00 in a report on Thursday, April 18th. KeyCorp cut their target price on Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday. Raymond James initiated coverage on shares of Match Group in a research note on Thursday, April 4th. They set a “market perform” rating for the company. Finally, StockNews.com raised shares of Match Group from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.82.

Match Group Trading Down 0.7 %

Shares of MTCH traded down $0.21 during trading hours on Tuesday, reaching $32.03. 786,210 shares of the company’s stock traded hands, compared to its average volume of 5,535,782. The firm’s 50 day simple moving average is $33.88 and its 200-day simple moving average is $34.37. The stock has a market cap of $8.58 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. Match Group, Inc. has a 12 month low of $27.85 and a 12 month high of $49.24.

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.