Fmr LLC Has $209.67 Million Position in Match Group, Inc. (NASDAQ:MTCH)

Fmr LLC boosted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,540,916 shares of the technology company’s stock after acquiring an additional 524,144 shares during the period. Fmr LLC owned 2.15% of Match Group worth $209,668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC increased its stake in shares of Match Group by 617.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after purchasing an additional 605 shares during the last quarter. Quarry LP boosted its stake in shares of Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after purchasing an additional 461 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after purchasing an additional 794 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Match Group during the 2nd quarter worth approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Match Group by 433.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after purchasing an additional 1,500 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Price Performance

MTCH opened at $33.20 on Tuesday. The firm has a market capitalization of $8.34 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.51. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The company has a fifty day moving average price of $35.26 and a 200-day moving average price of $34.03.

Wall Street Analysts Forecast Growth

Several research firms have commented on MTCH. KeyCorp dropped their target price on Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Wells Fargo & Company cut their target price on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. Barclays dropped their price objective on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Truist Financial decreased their price target on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Finally, Susquehanna dropped their target price on Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.73.

Insider Buying and Selling at Match Group

In related news, Director Stephen Bailey sold 801 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the transaction, the director now directly owns 12,398 shares in the company, valued at approximately $391,900.78. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

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.