GSA Capital Partners LLP increased its stake in Match Group Inc. (NASDAQ:MTCH – Free Report) by 144.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,668 shares of the technology company’s stock after purchasing an additional 72,416 shares during the period. Match Group makes up approximately 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 9th biggest holding. GSA Capital Partners LLP owned approximately 0.05% of Match Group worth $3,961,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of MTCH. State Street Corp boosted its stake in Match Group by 14.6% in the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after buying an additional 2,461,025 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Match Group by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock worth $385,590,000 after buying an additional 162,330 shares in the last quarter. AQR Capital Management LLC boosted its stake in Match Group by 1,163.7% in the third quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after buying an additional 5,652,174 shares in the last quarter. LSV Asset Management boosted its stake in Match Group by 37.8% in the third quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock worth $168,504,000 after buying an additional 1,307,949 shares in the last quarter. Finally, DNB Asset Management AS boosted its stake in Match Group by 32.9% in the fourth quarter. DNB Asset Management AS now owns 3,431,061 shares of the technology company’s stock worth $110,789,000 after buying an additional 849,472 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.
Match Group Stock Performance
Match Group stock opened at $35.88 on Tuesday. The stock’s 50 day simple moving average is $33.41 and its two-hundred day simple moving average is $32.56. The stock has a market cap of $8.37 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.57 and a beta of 1.36. Match Group Inc. has a fifty-two week low of $28.80 and a fifty-two week high of $39.20.
Match Group Dividend Announcement
Analysts Set New Price Targets
Several analysts have issued reports on MTCH shares. JPMorgan Chase & Co. cut their target price on Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings raised Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. TD Cowen upped their target price on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Wells Fargo & Company upped their target price on Match Group from $30.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Citigroup upped their target price on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $41.07.
Read Our Latest Analysis on Match Group
Insider Transactions at Match Group
In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the transaction, the director owned 16,218 shares in the company, valued at approximately $582,874.92. This represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.64% of the company’s stock.
About Match Group
Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.
Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.
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