Swiss National Bank Has $28.35 Million Position in Match Group, Inc. (NASDAQ:MTCH)

Swiss National Bank lowered its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 5.2% in the third quarter, HoldingsChannel reports. The firm owned 749,171 shares of the technology company’s stock after selling 40,800 shares during the period. Swiss National Bank’s holdings in Match Group were worth $28,349,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its position in shares of Match Group by 24.5% during the 1st quarter. Lazard Asset Management LLC now owns 410,938 shares of the technology company’s stock valued at $14,908,000 after purchasing an additional 80,855 shares in the last quarter. Versor Investments LP raised its position in shares of Match Group by 301.7% in the 3rd quarter. Versor Investments LP now owns 48,200 shares of the technology company’s stock worth $1,824,000 after acquiring an additional 36,200 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Match Group by 146.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock worth $4,929,000 after purchasing an additional 83,166 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Match Group by 98.0% in the first quarter. Cetera Investment Advisers now owns 79,526 shares of the technology company’s stock worth $2,885,000 after purchasing an additional 39,357 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Match Group by 169.1% in the first quarter. Bessemer Group Inc. now owns 52,133 shares of the technology company’s stock worth $1,891,000 after acquiring an additional 32,757 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MTCH shares. Citigroup upped their price target 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. Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Morgan Stanley cut their price target 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. Finally, Susquehanna lowered their price objective on Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.73.

Match Group Stock Up 0.4 %

MTCH opened at $30.41 on Thursday. The company has a fifty day simple moving average of $35.83 and a 200 day simple moving average of $33.94. The stock has a market cap of $7.84 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.85 and a beta of 1.51. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42.

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.