Janney Montgomery Scott LLC Decreases Stake in Match Group, Inc. (NASDAQ:MTCH)

Janney Montgomery Scott LLC decreased its position in Match Group, Inc. (NASDAQ:MTCH) by 18.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,697 shares of the technology company’s stock after selling 8,897 shares during the period. Janney Montgomery Scott LLC’s holdings in Match Group were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP lifted its holdings in shares of Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after buying an additional 461 shares during the period. Mather Group LLC. lifted its position in Match Group by 87.6% during the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after buying an additional 794 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Match Group during the 2nd quarter valued at about $61,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Match Group by 433.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after buying an additional 1,500 shares during the period. Finally, Covestor Ltd grew its position in Match Group by 55.6% in the first quarter. Covestor Ltd now owns 2,102 shares of the technology company’s stock worth $76,000 after acquiring an additional 751 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Performance

NASDAQ:MTCH opened at $31.26 on Friday. The stock has a market cap of $8.06 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.86 and a beta of 1.51. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42. The stock has a 50-day simple moving average of $36.36 and a 200-day simple moving average of $33.96.

Analyst Ratings Changes

A number of research analysts have commented on MTCH shares. Barclays decreased 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. Citigroup increased their price objective on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $38.00 target price on shares of Match Group in a report on Wednesday, July 31st. Wells Fargo & Company decreased their price target on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Finally, Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.73.

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.