Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC lifted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,574 shares of the technology company’s stock after purchasing 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.

A number of other hedge funds and other institutional investors have also modified their holdings of MTCH. Pacer Advisors Inc. raised its stake in shares of Match Group by 88.5% in the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after acquiring an additional 2,940,667 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Match Group during the 2nd quarter valued at approximately $100,848,000. Bank of New York Mellon Corp increased its stake in shares of Match Group by 0.5% during 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 period. Dimensional Fund Advisors LP lifted its holdings in Match Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock valued at $69,018,000 after acquiring an additional 977,090 shares during the period. Finally, Empower Advisory Group LLC grew its holdings in shares of Match Group by 8.3% in the 3rd quarter. Empower Advisory Group LLC now owns 2,064,079 shares of the technology company’s stock worth $78,105,000 after acquiring an additional 159,022 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTCH has been the topic of several recent research reports. Susquehanna reduced their price objective on Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. UBS Group cut their price objective on Match Group from $43.00 to $38.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. KeyCorp lowered their target price on Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective for the company in a report on Monday, August 5th. Finally, Royal Bank of Canada lowered their target price 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. Nine equities research analysts have rated the stock with a hold rating, eleven have given 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 an average price target of $40.73.

Insider Buying and Selling at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the business’s stock in a transaction 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 sale, the director now owns 12,398 shares in the company, valued at $391,900.78. The trade was a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Match Group Trading Up 0.7 %

Shares of MTCH opened at $32.74 on Monday. The firm 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. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42. The firm has a fifty day simple moving average of $35.33 and a two-hundred day simple moving average of $34.02.

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.