Sumitomo Mitsui Trust Group Inc. Has $18.84 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 497,927 shares of the technology company's stock after selling 79,958 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.19% of Match Group worth $18,842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MTCH. Russell Investments Group Ltd. grew its stake in shares of Match Group by 117.5% during the first quarter. Russell Investments Group Ltd. now owns 218,694 shares of the technology company's stock valued at $7,927,000 after buying an additional 118,142 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Match Group by 1.9% during the 1st quarter. Orion Portfolio Solutions LLC now owns 33,394 shares of the technology company's stock valued at $1,212,000 after purchasing an additional 612 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in Match Group by 51.8% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 317,912 shares of the technology company's stock worth $11,468,000 after acquiring an additional 108,433 shares during the last quarter. Vanguard Group Inc. raised its stake in Match Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company's stock worth $1,173,966,000 after acquiring an additional 416,140 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its stake in Match Group by 33.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 17,400 shares of the technology company's stock worth $631,000 after acquiring an additional 4,400 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Trading Down 0.7 %

Shares of NASDAQ MTCH traded down $0.20 during midday trading on Monday, reaching $30.51. The company's stock had a trading volume of 3,582,514 shares, compared to its average volume of 5,272,911. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.85 and a beta of 1.51. The stock has a 50 day simple moving average of $36.04 and a 200-day simple moving average of $33.98.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup raised their target price on Match Group from $33.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, August 1st. Evercore ISI upgraded Match Group to a "strong-buy" rating in a report on Thursday, August 1st. Bank of America reissued a "neutral" rating and issued a $35.00 target price (down from $50.00) on shares of Match Group in a research note on Thursday, November 7th. Barclays decreased their target price on shares of Match Group from $55.00 to $53.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Finally, Wells Fargo & Company reduced their price target on shares of Match Group from $38.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 8th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $40.73.

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.