Cerity Partners LLC Boosts Stake in Match Group, Inc. (NASDAQ:MTCH)

Cerity Partners LLC increased its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 3.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 57,574 shares of the technology company’s stock after acquiring an additional 1,898 shares during the period. Cerity Partners LLC’s holdings in Match Group were worth $2,179,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Versor Investments LP raised its position in Match Group by 301.7% during the 3rd quarter. Versor Investments LP now owns 48,200 shares of the technology company’s stock worth $1,824,000 after buying an additional 36,200 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Match Group by 146.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock worth $4,929,000 after acquiring an additional 83,166 shares during the period. Aviance Capital Partners LLC purchased a new position in Match Group during the third quarter valued at approximately $2,170,000. Cetera Investment Advisers boosted its position in Match Group by 98.0% in the 1st 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 in the last quarter. Finally, Mawer Investment Management Ltd. increased its holdings in shares of Match Group by 71.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 643,335 shares of the technology company’s stock valued at $24,344,000 after purchasing an additional 267,890 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTCH has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. KeyCorp decreased their target price on Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Morgan Stanley cut their price target 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, November 12th. Royal Bank of Canada decreased their price target on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Wells Fargo & Company lowered 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. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Insider Activity

In other news, Director Stephen Bailey sold 801 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the transaction, the director now directly owns 12,398 shares in the company, valued at $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.

Match Group Stock Up 0.7 %

Shares of NASDAQ:MTCH opened at $32.74 on Monday. The company has a market cap of $8.22 billion, a PE ratio of 14.62, a P/E/G ratio of 0.90 and a beta of 1.51. The firm has a 50-day simple moving average of $35.33 and a 200 day simple moving average of $34.02. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42.

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.