Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 41.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,927 shares of the technology company's stock after selling 35,497 shares during the quarter. Amalgamated Bank's holdings in Match Group were worth $1,927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Match Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company's stock valued at $1,173,966,000 after acquiring an additional 416,140 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Match Group by 88.5% in the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company's stock valued at $190,279,000 after purchasing an additional 2,940,667 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Match Group in the second quarter valued at approximately $100,848,000. Bank of New York Mellon Corp increased its stake in Match Group by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company's stock worth $77,342,000 after buying an additional 12,379 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Match Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company's stock worth $69,018,000 after buying an additional 977,090 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Trading Down 0.5 %

MTCH stock traded down $0.14 on Wednesday, hitting $30.74. The company's stock had a trading volume of 4,843,318 shares, compared to its average volume of 5,293,435. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 13.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51. The firm has a 50 day moving average of $36.47 and a two-hundred day moving average of $33.99. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42.

Wall Street Analyst Weigh In

Several research firms have commented on MTCH. Susquehanna dropped their price target on shares of Match Group from $45.00 to $40.00 and set a "positive" rating for the company in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $38.00 target price on shares of Match Group in a research note on Wednesday, July 31st. Citigroup upped their price target on Match Group from $33.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Morgan Stanley decreased their price objective on Match Group from $36.00 to $33.00 and set an "equal weight" rating for the company in a research note on Tuesday. Finally, Bank of America restated a "neutral" rating and set a $35.00 target price (down from $50.00) on shares of Match Group in a research note on Thursday, November 7th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Match Group has an average rating of "Moderate Buy" and a consensus price target of $40.73.

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.