Pacer Advisors Inc. Decreases Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Pacer Advisors Inc. cut its holdings in Match Group, Inc. (NASDAQ:MTCH) by 11.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,536,558 shares of the technology company’s stock after selling 726,753 shares during the quarter. Pacer Advisors Inc.’s holdings in Match Group were worth $209,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MTCH. Assenagon Asset Management S.A. acquired a new position in Match Group in the 2nd quarter valued at about $100,848,000. Marshall Wace LLP acquired a new position in Match Group in the 2nd quarter valued at about $49,053,000. Dimensional Fund Advisors LP raised its stake in Match Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock valued at $69,018,000 after purchasing an additional 977,090 shares during the last quarter. Minneapolis Portfolio Management Group LLC acquired a new position in Match Group in the 3rd quarter valued at about $20,097,000. Finally, Thompson Siegel & Walmsley LLC raised its stake in Match Group by 61.5% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,348,529 shares of the technology company’s stock valued at $40,968,000 after purchasing an additional 513,342 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTCH has been the subject of a number of research analyst reports. Susquehanna dropped their price objective on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. KeyCorp dropped their price objective on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Bank of America reaffirmed a “neutral” rating and set a $35.00 price objective (down previously from $50.00) on shares of Match Group in a research note on Thursday, November 7th. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Finally, StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $30.41 on Thursday. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42. The business’s fifty day moving average price is $35.83 and its two-hundred day moving average price is $33.94. The firm has a market capitalization of $7.84 billion, a PE ratio of 13.58, a P/E/G ratio of 0.84 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.