EULAV Asset Management Has $15.71 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

EULAV Asset Management increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 16.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 415,136 shares of the technology company’s stock after purchasing an additional 59,955 shares during the quarter. EULAV Asset Management owned approximately 0.16% of Match Group worth $15,709,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Match Group during the third quarter worth $251,000. Caprock Group LLC bought a new stake in Match Group during the third quarter worth $221,000. Aviance Capital Partners LLC bought a new stake in Match Group during the third quarter worth $2,170,000. Mawer Investment Management Ltd. raised its position in Match Group by 71.4% during the third quarter. Mawer Investment Management Ltd. now owns 643,335 shares of the technology company’s stock worth $24,344,000 after acquiring an additional 267,890 shares in the last quarter. Finally, Quest Partners LLC bought a new position in shares of Match Group in the third quarter valued at about $382,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Performance

Match Group stock opened at $30.29 on Wednesday. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42. The firm has a 50 day moving average price of $35.92 and a two-hundred day moving average price of $33.96. The firm has a market cap of $7.81 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.85 and a beta of 1.51.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MTCH shares. TD Cowen increased their price objective on shares of Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley lowered their price target on shares of Match Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Citigroup raised their price target on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. UBS Group lowered their price target on shares of Match Group from $43.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Stifel Nicolaus raised their price target on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently 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.