69,733 Shares in Match Group, Inc. (NASDAQ:MTCH) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in Match Group, Inc. (NASDAQ:MTCH - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 69,733 shares of the technology company's stock, valued at approximately $2,639,000.

Several other institutional investors have also added to or reduced their stakes in MTCH. Quarry LP raised its position 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 valued at $40,000 after purchasing an additional 461 shares during the period. Mather Group LLC. raised its position 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 period. Sentry Investment Management LLC bought a new stake in shares of Match Group during the 1st quarter valued at $57,000. International Assets Investment Management LLC bought a new stake in shares of Match Group during the 2nd quarter valued at $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Match Group by 433.5% during 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 period. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on MTCH shares. Evercore ISI upgraded shares of Match Group to a "strong-buy" rating in a research report on Thursday, August 1st. Susquehanna reduced their price target on shares of Match Group from $45.00 to $40.00 and set a "positive" rating on the stock in a report on Friday, November 8th. Bank of America reiterated a "neutral" rating and issued a $35.00 price target (down from $50.00) on shares of Match Group in a report on Thursday, November 7th. The Goldman Sachs Group lifted their price target on shares of Match Group from $39.00 to $45.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Finally, Wolfe Research started coverage on shares of Match Group in a report on Tuesday, July 16th. They issued an "outperform" rating and a $36.00 price target on the stock. Eight investment 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 MarketBeat, Match Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.73.

Match Group Trading Down 0.5 %

Shares of MTCH stock traded down $0.14 during trading hours on Wednesday, reaching $30.74. 4,843,318 shares of the stock were exchanged, compared to its average volume of 5,293,435. The firm has a market capitalization 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. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42. The company's 50-day moving average price is $36.47 and its 200-day moving average price is $33.99.

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.