Northwest & Ethical Investments L.P. Takes $57,000 Position in Match Group, Inc. (NASDAQ:MTCH)

Northwest & Ethical Investments L.P. purchased a new stake in Match Group, Inc. (NASDAQ:MTCH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,500 shares of the technology company’s stock, valued at approximately $57,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after purchasing an additional 605 shares during the period. Quarry LP boosted its stake in shares of Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after purchasing an additional 461 shares in the last quarter. Mather Group LLC. increased its holdings in Match Group by 87.6% during the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after buying an additional 794 shares during the period. International Assets Investment Management LLC bought a new position in Match Group in the second quarter worth approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Match Group by 433.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after buying an additional 1,500 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

MTCH has been the topic of a number of analyst reports. KeyCorp cut their price target on Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, November 12th. Susquehanna reduced their target price on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Barclays lowered their price target on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Truist Financial reduced their price objective on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Finally, StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Insider Activity at Match Group

In related news, Director Stephen Bailey sold 801 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the sale, the director now directly owns 12,398 shares of the company’s stock, valued at $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is currently owned by insiders.

Match Group Trading Up 0.7 %

Shares of NASDAQ MTCH opened at $32.74 on Monday. The company has a 50 day simple moving average of $35.33 and a two-hundred day simple moving average of $34.02. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 0.90 and a beta of 1.51. Match Group, Inc. has a 12 month low of $27.66 and a 12 month 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.