Raymond James & Associates Reduces Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Raymond James & Associates reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 24.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,705 shares of the technology company’s stock after selling 29,202 shares during the quarter. Raymond James & Associates’ holdings in Match Group were worth $3,357,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of MTCH. Allspring Global Investments Holdings LLC raised its holdings in shares of Match Group by 13.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,240 shares of the technology company’s stock valued at $698,000 after buying an additional 2,291 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Match Group by 2.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 79,782 shares of the technology company’s stock valued at $2,894,000 after buying an additional 2,083 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Match Group during the 1st quarter valued at about $33,000. Nordea Investment Management AB raised its holdings in shares of Match Group by 20.8% during the 1st quarter. Nordea Investment Management AB now owns 1,262,946 shares of the technology company’s stock valued at $46,072,000 after buying an additional 217,760 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Match Group by 7.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 29,875 shares of the technology company’s stock valued at $1,084,000 after buying an additional 2,063 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MTCH shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price objective on shares of Match Group in a report on Wednesday, July 31st. Citigroup lifted their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Royal Bank of Canada lifted their price objective on Match Group from $33.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, Stifel Nicolaus lifted their price objective on Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Match Group has an average rating of “Moderate Buy” and an average price target of $41.58.

Match Group Price Performance

NASDAQ:MTCH opened at $35.69 on Monday. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42. The firm has a market capitalization of $9.20 billion, a P/E ratio of 15.52, a P/E/G ratio of 0.75 and a beta of 1.51. The business has a 50 day simple moving average of $36.96 and a 200 day simple moving average of $33.90.

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.