BNP Paribas Sells 888 Shares of Match Group, Inc. (NASDAQ:MTCH)

BNP Paribas trimmed its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 10.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,734 shares of the technology company’s stock after selling 888 shares during the quarter. BNP Paribas’ holdings in Match Group were worth $292,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MTCH. Venturi Wealth Management LLC grew its stake in shares of Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after acquiring an additional 605 shares in the last quarter. Quarry LP grew its stake in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after acquiring an additional 461 shares in the last quarter. Mather Group LLC. grew its stake in shares of Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after acquiring an additional 794 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Match Group during the 2nd quarter worth approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Match Group by 433.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after acquiring an additional 1,500 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Insider Transactions at Match Group

In other news, Director Stephen Bailey sold 801 shares of Match Group stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the completion of the sale, the director now owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.77% of the company’s stock.

Match Group Stock Performance

MTCH opened at $32.51 on Thursday. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The company has a market capitalization of $8.16 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.90 and a beta of 1.51. The stock has a fifty day moving average of $35.49 and a 200-day moving average of $33.98.

Wall Street Analysts Forecast Growth

MTCH has been the subject of several research reports. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target for the company in a research note on Monday, August 5th. Morgan Stanley cut their price objective on Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Bank of America reissued a “neutral” rating and issued a $35.00 price objective (down previously from $50.00) on shares of Match Group in a report on Thursday, November 7th. Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group increased their price objective on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Nine research 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. Based on data from MarketBeat.com, Match Group presently has a consensus rating of “Moderate Buy” and an average 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.