International Assets Investment Management LLC Acquires 74,306 Shares of Match Group, Inc. (NASDAQ:MTCH)

International Assets Investment Management LLC increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 3,684.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,323 shares of the technology company’s stock after purchasing an additional 74,306 shares during the period. International Assets Investment Management LLC’s holdings in Match Group were worth $2,888,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MTCH. Greenleaf Trust bought a new stake in Match Group in the 3rd quarter valued at approximately $230,000. Lecap Asset Management Ltd. lifted its stake in Match Group by 95.5% in the 3rd quarter. Lecap Asset Management Ltd. now owns 34,500 shares of the technology company’s stock valued at $1,305,000 after acquiring an additional 16,855 shares in the last quarter. Private Advisor Group LLC lifted its stake in Match Group by 3.0% in the 3rd quarter. Private Advisor Group LLC now owns 35,099 shares of the technology company’s stock valued at $1,328,000 after acquiring an additional 1,006 shares in the last quarter. Blue Trust Inc. lifted its stake in Match Group by 1,003.4% in the 3rd quarter. Blue Trust Inc. now owns 2,582 shares of the technology company’s stock valued at $98,000 after acquiring an additional 2,348 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Match Group by 23.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 40,378 shares of the technology company’s stock valued at $1,528,000 after acquiring an additional 7,549 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $35.69 on Friday. The stock’s fifty day moving average price is $36.96 and its two-hundred day moving average price is $33.89. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 15.52, a P/E/G ratio of 0.75 and a beta of 1.51.

Analyst Ratings Changes

Several research firms have commented on MTCH. StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Wolfe Research began coverage on Match Group in a research note on Tuesday, July 16th. They set an “outperform” rating and a $36.00 price objective on the stock. Royal Bank of Canada upped their price objective on Match Group from $33.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price objective on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a research note on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.58.

Match Group Company 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.