Leith Wheeler Investment Counsel Ltd. Has $9.76 Million Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Leith Wheeler Investment Counsel Ltd. lifted its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 5.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 269,051 shares of the technology company’s stock after buying an additional 12,851 shares during the quarter. Leith Wheeler Investment Counsel Ltd. owned about 0.10% of Match Group worth $9,761,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. YHB Investment Advisors Inc. acquired a new position in shares of Match Group during the 1st quarter worth approximately $28,000. Principal Securities Inc. acquired a new stake in Match Group during the fourth quarter worth approximately $31,000. Mather Group LLC. bought a new position in Match Group during the 1st quarter worth $33,000. Fidelis Capital Partners LLC acquired a new position in Match Group in the 1st quarter valued at $33,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of Match Group during the 3rd quarter valued at $40,000. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Piper Sandler restated an “overweight” rating and issued a $45.00 price target on shares of Match Group in a research report on Wednesday, March 27th. Wells Fargo & Company lowered their price objective on shares of Match Group from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, May 9th. Morgan Stanley cut their target price on shares of Match Group from $34.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday. UBS Group lowered their price target on shares of Match Group from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Finally, StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a research report on Monday, June 24th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.45.

Match Group Trading Up 2.2 %

NASDAQ MTCH traded up $0.70 on Friday, hitting $32.25. 2,423,279 shares of the company were exchanged, compared to its average volume of 5,522,336. The company has a market cap of $8.57 billion, a PE ratio of 13.72, a PEG ratio of 0.52 and a beta of 1.49. The stock has a fifty day moving average of $30.66 and a 200-day moving average of $33.70. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $49.24.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The company had revenue of $860.00 million during the quarter, compared to the consensus estimate of $855.77 million. During the same period last year, the business posted $0.42 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, analysts expect that Match Group, Inc. will post 2.11 earnings per share for the current year.

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.