Daiwa Securities Group Inc. raised its holdings in Match Group Inc. (NASDAQ:MTCH – Free Report) by 49.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 56,950 shares of the technology company’s stock after acquiring an additional 18,918 shares during the period. Daiwa Securities Group Inc.’s holdings in Match Group were worth $1,839,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bollard Group LLC lifted its position in shares of Match Group by 0.6% in the 3rd quarter. Bollard Group LLC now owns 54,875 shares of the technology company’s stock worth $1,938,000 after acquiring an additional 317 shares during the period. True Wealth Design LLC lifted its position in shares of Match Group by 12.8% in the 4th quarter. True Wealth Design LLC now owns 2,813 shares of the technology company’s stock worth $91,000 after acquiring an additional 320 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Match Group by 8.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after acquiring an additional 326 shares during the period. Bessemer Group Inc. lifted its position in shares of Match Group by 2.8% in the 3rd quarter. Bessemer Group Inc. now owns 12,281 shares of the technology company’s stock worth $432,000 after acquiring an additional 333 shares during the period. Finally, Mather Group LLC. lifted its position in shares of Match Group by 6.0% in the 4th quarter. Mather Group LLC. now owns 6,477 shares of the technology company’s stock worth $209,000 after acquiring an additional 364 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.
Match Group Stock Performance
Shares of MTCH opened at $34.35 on Thursday. The stock has a fifty day moving average price of $35.02 and a two-hundred day moving average price of $32.93. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $39.20. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.55 and a beta of 1.33.
Match Group Dividend Announcement
Insider Transactions at Match Group
In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of Match Group 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. The trade was a 24.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.64% of the company’s stock.
Analysts Set New Price Targets
MTCH has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on Match Group from $30.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. TD Cowen raised their target price on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Citigroup raised their target price on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and set a $43.00 target price on shares of Match Group in a research report on Wednesday, May 6th. Finally, Morgan Stanley raised their target price on Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $41.07.
Check Out Our Latest Stock Report on Match Group
Match Group Profile
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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