Match Group, Inc. (NASDAQ:MTCH) Shares Bought by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC grew its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 1.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 171,585 shares of the technology company’s stock after acquiring an additional 2,021 shares during the quarter. Patton Albertson Miller Group LLC owned about 0.07% of Match Group worth $6,493,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MTCH. O Shaughnessy Asset Management LLC boosted its position in Match Group by 23.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,679 shares of the technology company’s stock worth $315,000 after acquiring an additional 1,628 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Match Group by 6.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock worth $283,000 after buying an additional 478 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Match Group by 22.1% in the 1st quarter. Tidal Investments LLC now owns 27,574 shares of the technology company’s stock worth $999,000 after buying an additional 4,994 shares in the last quarter. Plato Investment Management Ltd raised its stake in shares of Match Group by 342.5% in the 1st quarter. Plato Investment Management Ltd now owns 2,810 shares of the technology company’s stock worth $102,000 after buying an additional 2,175 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. raised its stake in shares of Match Group by 51.1% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 39,509 shares of the technology company’s stock worth $1,433,000 after buying an additional 13,360 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MTCH shares. Royal Bank of Canada dropped their price objective on Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. KeyCorp cut their target price on Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Morgan Stanley cut their target price on Match Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. Citigroup boosted their target price on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Match Group has an average rating of “Moderate Buy” and an average target price of $40.73.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $32.57 on Tuesday. The company has a market capitalization of $8.18 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 0.87 and a beta of 1.51. The business’s 50-day moving average price is $35.63 and its two-hundred day moving average price is $33.98. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42.

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.