Mutual of America Capital Management LLC Has $1.20 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Mutual of America Capital Management LLC trimmed its position in Match Group, Inc. (NASDAQ:MTCH) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,753 shares of the technology company’s stock after selling 1,750 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Match Group were worth $1,202,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Versor Investments LP grew its position in Match Group by 301.7% during the 3rd quarter. Versor Investments LP now owns 48,200 shares of the technology company’s stock worth $1,824,000 after purchasing an additional 36,200 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Match Group by 146.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock valued at $4,929,000 after buying an additional 83,166 shares in the last quarter. Cetera Investment Advisers raised its position in Match Group by 98.0% during the first quarter. Cetera Investment Advisers now owns 79,526 shares of the technology company’s stock valued at $2,885,000 after buying an additional 39,357 shares during the period. AustralianSuper Pty Ltd lifted its stake in Match Group by 30.0% in the 3rd quarter. AustralianSuper Pty Ltd now owns 294,104 shares of the technology company’s stock worth $11,129,000 after acquiring an additional 67,921 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its position in Match Group by 12.7% during the 2nd quarter. Pinnacle Associates Ltd. now owns 393,138 shares of the technology company’s stock worth $11,944,000 after acquiring an additional 44,379 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Susquehanna cut their target price on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price target on shares of Match Group in a report on Wednesday, July 31st. HSBC upgraded 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, Evercore ISI upgraded Match Group to a “strong-buy” rating in a research note on Thursday, August 1st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Match Group Price Performance

Shares of MTCH opened at $32.57 on Tuesday. The company has a market capitalization of $8.18 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 0.87 and a beta of 1.51. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The company’s fifty day moving average price is $35.63 and its 200 day moving average price is $33.98.

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.