Janney Montgomery Scott LLC Sells 8,897 Shares of Match Group, Inc. (NASDAQ:MTCH)

Janney Montgomery Scott LLC lowered its stake in Match Group, Inc. (NASDAQ:MTCH) by 18.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,697 shares of the technology company’s stock after selling 8,897 shares during the period. Janney Montgomery Scott LLC’s holdings in Match Group were worth $1,502,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 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 buying an additional 416,140 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Match Group by 88.5% during the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after buying an additional 2,940,667 shares during the period. Assenagon Asset Management S.A. purchased a new position in Match Group in the second quarter worth about $100,848,000. Bank of New York Mellon Corp boosted its holdings in shares of 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 buying an additional 12,379 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Match Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock worth $69,018,000 after acquiring an additional 977,090 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Up 1.7 %

NASDAQ MTCH opened at $31.26 on Friday. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The company has a 50 day moving average price of $36.36 and a 200 day moving average price of $33.96. The firm has a market cap of $8.06 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MTCH shares. UBS Group cut their price objective on Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Truist Financial reduced their price target on shares of Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Susquehanna decreased 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. KeyCorp reduced their target price on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Company 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.