Amalgamated Bank Sells 35,497 Shares of Match Group, Inc. (NASDAQ:MTCH)

Amalgamated Bank trimmed its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 41.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,927 shares of the technology company’s stock after selling 35,497 shares during the quarter. Amalgamated Bank’s holdings in Match Group were worth $1,927,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP boosted its position 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. grew its position in shares of Match Group by 87.6% in 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. Sentry Investment Management LLC bought a new position in shares of Match Group in the 1st quarter worth about $57,000. International Assets Investment Management LLC purchased a new position in Match Group during the 2nd quarter valued at about $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake 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 acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

MTCH has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Citigroup raised their price target on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Wolfe Research began coverage on Match Group in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $36.00 price target for the company. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, Morgan Stanley decreased their target price on shares of Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Match Group Stock Down 3.3 %

Shares of NASDAQ:MTCH opened at $30.88 on Wednesday. The stock has a market capitalization of $7.96 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.63 and a beta of 1.51. The firm’s 50 day moving average price is $36.59 and its 200-day moving average price is $33.99. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42.

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.