Swiss National Bank Decreases Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Swiss National Bank lessened its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 749,171 shares of the technology company's stock after selling 40,800 shares during the quarter. Swiss National Bank owned approximately 0.29% of Match Group worth $28,349,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC increased its holdings 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 acquiring an additional 605 shares during the last quarter. Quarry LP raised its holdings in Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company's stock worth $40,000 after purchasing an additional 461 shares in the last quarter. Mather Group LLC. lifted 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 worth $52,000 after buying an additional 794 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of 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 buying an additional 1,500 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Match Group in the 2nd quarter valued at $61,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Stock Performance

Match Group stock traded up $1.09 during midday trading on Thursday, reaching $31.50. The company's stock had a trading volume of 5,506,798 shares, compared to its average volume of 5,250,532. The firm has a market capitalization of $8.12 billion, a PE ratio of 14.06, a P/E/G ratio of 0.84 and a beta of 1.51. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The stock's 50 day simple moving average is $35.76 and its 200 day simple moving average is $33.92.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MTCH shares. Citigroup boosted their price target on shares of Match Group from $33.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. UBS Group decreased their target price on Match Group from $43.00 to $38.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Truist Financial cut their price target on Match Group from $37.00 to $35.00 and set a "hold" rating on the stock in a research report on Friday, November 8th. Bank of America reissued a "neutral" rating and issued a $35.00 price objective (down from $50.00) on shares of Match Group in a report on Thursday, November 7th. Finally, Wells Fargo & Company cut their target price on shares of Match Group from $38.00 to $35.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 8th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Match Group has an average rating of "Moderate Buy" and an average target price 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.