Robeco Institutional Asset Management B.V. Sells 20,006 Shares of Match Group, Inc. (NASDAQ:MTCH)

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 20.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,203 shares of the technology company's stock after selling 20,006 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Match Group were worth $2,884,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MTCH. Sumitomo Life Insurance Co. grew its position in 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 purchasing an additional 297 shares during the period. Fulton Bank N.A. increased its position in shares of Match Group by 3.1% during the third quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company's stock worth $379,000 after acquiring an additional 299 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Match Group by 4.9% in the 1st quarter. Empirical Finance LLC now owns 7,005 shares of the technology company's stock worth $254,000 after acquiring an additional 326 shares during the last quarter. Prestige Wealth Management Group LLC lifted its position in Match Group by 8.9% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company's stock valued at $133,000 after acquiring an additional 357 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in 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 valued at $1,133,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MTCH shares. 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. Citigroup raised 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. Wells Fargo & Company reduced their target price on Match Group from $38.00 to $35.00 and set an "equal weight" rating for the company in a report on Tuesday, October 8th. The Goldman Sachs Group boosted their price objective on Match Group from $39.00 to $45.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Finally, Wolfe Research assumed coverage on Match Group in a research report on Tuesday, July 16th. They set an "outperform" rating and a $36.00 target price for the company. Eight equities 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.90.

Match Group Stock Performance

Match Group stock traded down $0.55 during mid-day trading on Friday, hitting $30.56. 10,143,629 shares of the company traded hands, compared to its average volume of 4,311,218. The stock has a fifty day moving average price of $36.70 and a 200-day moving average price of $33.98. The stock has a market cap of $7.88 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.63 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.

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.