Incline Global Management LLC Sells 75,894 Shares of Match Group, Inc. (NASDAQ:MTCH)

Incline Global Management LLC lowered its holdings in Match Group, Inc. (NASDAQ:MTCH) by 21.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 283,348 shares of the technology company’s stock after selling 75,894 shares during the quarter. Match Group accounts for approximately 4.8% of Incline Global Management LLC’s investment portfolio, making the stock its 2nd largest holding. Incline Global Management LLC’s holdings in Match Group were worth $10,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Venturi Wealth Management LLC raised its position in Match Group by 617.3% during the third 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. Itau Unibanco Holding S.A. purchased a new position in Match Group in the 3rd quarter worth approximately $31,000. Quarry LP raised its position in Match Group by 54.5% in 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 during the period. Mather Group LLC. grew its stake in shares of Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after acquiring an additional 794 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in Match Group during the 3rd quarter worth approximately $57,000. 94.05% of the stock is currently owned by institutional investors.

Match Group Price Performance

MTCH stock traded up $0.28 during midday trading on Tuesday, reaching $33.48. 116,896 shares of the company were exchanged, compared to its average volume of 5,182,630. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.47. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The business has a 50-day moving average price of $35.26 and a two-hundred day moving average price of $34.03.

Wall Street Analysts Forecast Growth

MTCH has been the subject of several analyst reports. Royal Bank of Canada cut their target price on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Morgan Stanley dropped their price objective on shares of Match Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. Susquehanna dropped their target price on shares of Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price on the stock in a research report on Monday, August 5th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.73.

Insider Transactions at Match Group

In other 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 value of $25,319.61. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is owned by insiders.

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.