Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by Versor Investments LP

Versor Investments LP increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 301.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,200 shares of the technology company's stock after acquiring an additional 36,200 shares during the period. Versor Investments LP's holdings in Match Group were worth $1,824,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MTCH. Sumitomo Life Insurance Co. increased its holdings 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 purchasing an additional 297 shares in the last quarter. Fulton Bank N.A. increased its holdings in Match Group by 3.1% in the third quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company's stock valued at $379,000 after buying an additional 299 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position 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 valued at $133,000 after acquiring an additional 357 shares during the period. State of Alaska Department of Revenue boosted 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 acquiring an additional 455 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company's stock worth $40,000 after acquiring an additional 461 shares during the period. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

MTCH has been the subject of several research reports. Wells Fargo & Company reduced their price objective 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. Wolfe Research initiated coverage on shares of Match Group in a research report on Tuesday, July 16th. They issued an "outperform" rating and a $36.00 price objective on the stock. 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. The Goldman Sachs Group raised their price objective on shares of Match Group from $39.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price objective on Match Group from $34.00 to $39.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Eight 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.com, Match Group presently has an average rating of "Moderate Buy" and a consensus price target of $40.90.

Match Group Price Performance

NASDAQ:MTCH traded up $1.38 during trading hours on Monday, reaching $31.94. 6,317,753 shares of the company were exchanged, compared to its average volume of 5,290,804. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42. The stock has a 50 day simple moving average of $36.70 and a 200 day simple moving average of $33.99. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.63 and a beta of 1.51.

Match Group Company 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.