Wealth Enhancement Advisory Services LLC Lowers Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Wealth Enhancement Advisory Services LLC cut its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,845 shares of the technology company’s stock after selling 407 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Match Group were worth $259,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MTCH. Quarry LP lifted its holdings in Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after buying an additional 461 shares in the last quarter. Mather Group LLC. raised its stake 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 acquiring an additional 794 shares in the last quarter. Sentry Investment Management LLC purchased a new position in Match Group in the first quarter valued at $57,000. International Assets Investment Management LLC acquired a new position in Match Group during the 2nd quarter worth $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Match Group by 433.5% during the 3rd 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 during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Price Performance

NASDAQ:MTCH opened at $31.94 on Tuesday. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 13.64, a price-to-earnings-growth ratio of 0.63 and a beta of 1.51. The firm’s fifty day moving average price is $36.70 and its 200 day moving average price is $33.99.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MTCH shares. Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Susquehanna dropped their price objective on shares of Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday. Truist Financial decreased their price objective on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Friday. Bank of America reissued a “neutral” rating and issued a $35.00 target price (down previously from $50.00) on shares of Match Group in a report on Thursday, November 7th. Finally, TD Cowen raised their price target on Match Group from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Match Group has an average rating of “Moderate Buy” and a consensus price target of $40.90.

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.