Empower Advisory Group LLC Increases Stake in Match Group, Inc. (NASDAQ:MTCH)

Empower Advisory Group LLC lifted its stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,064,079 shares of the technology company's stock after acquiring an additional 159,022 shares during the period. Empower Advisory Group LLC owned approximately 0.80% of Match Group worth $78,105,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Sumitomo Life Insurance Co. grew its position in shares of Match Group by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 10,647 shares of the technology company's stock valued at $403,000 after acquiring an additional 297 shares during the period. Fulton Bank N.A. lifted its stake in shares of Match Group by 3.1% during the 3rd quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company's stock worth $379,000 after buying an additional 299 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in shares of Match Group by 8.9% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company's stock worth $133,000 after buying an additional 357 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Match Group by 1.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 29,955 shares of the technology company's stock worth $1,133,000 after buying an additional 455 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company's stock worth $40,000 after buying an additional 461 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MTCH. Stifel Nicolaus lifted their price objective on shares of Match Group from $34.00 to $39.00 and gave the stock a "hold" rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $38.00 price objective on shares of Match Group in a research note on Wednesday, July 31st. TD Cowen lifted their price objective on shares of Match Group from $44.00 to $46.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Hsbc Global Res upgraded shares of Match Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 5th. Finally, KeyCorp reduced their price target on shares of Match Group from $45.00 to $43.00 and set an "overweight" rating on the stock in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.73.

Match Group Stock Down 0.9 %

Shares of MTCH stock traded down $0.28 during trading hours on Wednesday, hitting $30.60. 2,460,129 shares of the company's stock traded hands, compared to its average volume of 5,282,604. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The stock's 50 day simple moving average is $36.47 and its 200 day simple moving average is $33.99. The stock has a market cap of $7.89 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51.

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.