Ontario Teachers Pension Plan Board Sells 23,668 Shares of Match Group, Inc. (NASDAQ:MTCH)

Ontario Teachers Pension Plan Board lessened its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 51.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 22,734 shares of the technology company’s stock after selling 23,668 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Match Group were worth $860,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Covestor Ltd lifted its stake in Match Group by 55.6% in the first quarter. Covestor Ltd now owns 2,102 shares of the technology company’s stock valued at $76,000 after buying an additional 751 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Match Group by 23.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 8,679 shares of the technology company’s stock valued at $315,000 after purchasing an additional 1,628 shares during the period. Bessemer Group Inc. increased its stake in Match Group by 169.1% in the first quarter. Bessemer Group Inc. now owns 52,133 shares of the technology company’s stock valued at $1,891,000 after purchasing an additional 32,757 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Match Group by 21.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 289,914 shares of the technology company’s stock worth $10,530,000 after purchasing an additional 51,547 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in shares of Match Group by 6.5% during the first quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock worth $283,000 after purchasing an additional 478 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of Match Group stock opened at $31.50 on Friday. The firm has a 50-day moving average of $35.76 and a 200-day moving average of $33.92. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $42.42. The stock has a market cap of $8.12 billion, a PE ratio of 14.06, a PEG ratio of 0.84 and a beta of 1.51.

Analysts Set New Price Targets

Several analysts recently commented on MTCH shares. Evercore ISI raised Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. The Goldman Sachs Group increased their price objective on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Bank of America reiterated a “neutral” rating and set a $35.00 price objective (down from $50.00) on shares of Match Group in a report on Thursday, November 7th. Finally, Susquehanna cut their target price on Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.