Match Group, Inc. (NASDAQ:MTCH) Holdings Cut by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its holdings in Match Group, Inc. (NASDAQ:MTCH) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,500 shares of the technology company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Match Group were worth $549,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Match Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after acquiring an additional 416,140 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Match Group by 88.5% in the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after acquiring an additional 2,940,667 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in Match Group by 30.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,080,312 shares of the technology company’s stock worth $148,034,000 after acquiring an additional 943,894 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Match Group in the second quarter worth about $100,848,000. Finally, Bank of New York Mellon Corp lifted its holdings in Match Group by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock worth $77,342,000 after acquiring an additional 12,379 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Match Group stock opened at $36.94 on Wednesday. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 0.74 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 firm’s 50 day moving average price is $36.93 and its two-hundred day moving average price is $33.96.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of 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. Royal Bank of Canada raised their price target on shares of Match Group from $33.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Stifel Nicolaus raised their price target on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $38.00 price target on shares of Match Group in a research note on Wednesday, July 31st. Finally, HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target on the stock in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Match Group presently has a consensus rating of “Moderate Buy” and an average target price of $41.58.

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.