Quest Partners LLC Acquires Shares of 10,093 Match Group, Inc. (NASDAQ:MTCH)

Quest Partners LLC bought a new position in shares of Match Group, Inc. (NASDAQ:MTCH) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,093 shares of the technology company’s stock, valued at approximately $382,000.

A number of other large investors have also recently made changes to their positions in MTCH. Venturi Wealth Management LLC lifted its holdings in Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after buying an additional 605 shares in the last quarter. Quarry LP raised its stake 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 acquiring an additional 461 shares in the last quarter. Mather Group LLC. boosted its holdings 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 valued at $52,000 after purchasing an additional 794 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Match Group in the second quarter valued at approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in Match Group by 433.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after purchasing an additional 1,500 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MTCH shares. TD Cowen lifted their target price on Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada lowered their price objective 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. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Wells Fargo & Company reduced their price target on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. Finally, HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a research note on Monday, August 5th. Nine equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.73.

Match Group Trading Up 0.1 %

NASDAQ:MTCH opened at $31.52 on Monday. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42. The company has a market cap of $7.91 billion, a PE ratio of 14.07, a P/E/G ratio of 0.87 and a beta of 1.51. The company’s 50 day moving average is $35.69 and its two-hundred day moving average is $33.96.

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.