Aurora Investment Counsel Sells 572 Shares of Match Group, Inc. (NASDAQ:MTCH)

Aurora Investment Counsel lessened its stake in Match Group, Inc. (NASDAQ:MTCH) by 0.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 70,430 shares of the technology company’s stock after selling 572 shares during the quarter. Match Group accounts for about 1.4% of Aurora Investment Counsel’s holdings, making the stock its 9th biggest holding. Aurora Investment Counsel’s holdings in Match Group were worth $2,665,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in Match Group during the 2nd quarter worth about $100,848,000. Pacer Advisors Inc. raised its stake in shares of Match Group by 88.5% during the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after buying an additional 2,940,667 shares during the last quarter. Marshall Wace LLP acquired a new position in Match Group in the second quarter valued at approximately $49,053,000. Dimensional Fund Advisors LP boosted its stake in Match Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock valued at $69,018,000 after acquiring an additional 977,090 shares during the last quarter. Finally, Minneapolis Portfolio Management Group LLC acquired a new stake in Match Group during the 3rd quarter worth $20,097,000. 94.05% of the stock is owned by institutional investors.

Match Group Stock Up 0.4 %

Shares of MTCH opened at $30.41 on Thursday. The stock has a market capitalization of $7.84 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.84 and a beta of 1.51. The company has a 50 day moving average of $35.83 and a 200-day moving average of $33.94. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MTCH. Wells Fargo & Company cut their price target on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Truist Financial reduced their target price on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus upped their price target on Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group boosted their price objective 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. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.