ArrowMark Colorado Holdings LLC Buys 120,000 Shares of Match Group, Inc. (NASDAQ:MTCH)

ArrowMark Colorado Holdings LLC lifted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 77.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 274,301 shares of the technology company’s stock after acquiring an additional 120,000 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in Match Group were worth $10,380,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in Match Group by 617.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after purchasing an additional 605 shares during the last quarter. Quarry LP lifted its stake in shares of Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after buying an additional 461 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after buying an additional 794 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Match Group in the 3rd quarter valued at $57,000. Finally, International Assets Investment Management LLC bought a new position in Match Group in the 2nd quarter worth $61,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the transaction, the director now owns 12,398 shares of the company’s stock, valued at $391,900.78. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.77% of the company’s stock.

Match Group Stock Up 1.4 %

NASDAQ MTCH opened at $33.20 on Tuesday. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42. The firm’s 50 day moving average is $35.26 and its 200-day moving average is $34.03. The company has a market capitalization of $8.34 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.47.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MTCH shares. Susquehanna lowered their price target on Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company lowered their target price on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target on the stock in a research report on Monday, August 5th. Bank of America reissued a “neutral” rating and issued a $35.00 price objective (down from $50.00) on shares of Match Group in a research report on Thursday, November 7th. Finally, Barclays dropped 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 report on Friday, November 8th. Nine research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.