Public Sector Pension Investment Board Has $24.40 Million Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Public Sector Pension Investment Board lifted its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 0.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 644,802 shares of the technology company’s stock after acquiring an additional 1,900 shares during the period. Public Sector Pension Investment Board owned approximately 0.25% of Match Group worth $24,399,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Venturi Wealth Management LLC increased its position 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 purchasing an additional 605 shares in the last quarter. Quarry LP boosted its position in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after buying an additional 461 shares in the last quarter. Mather Group LLC. grew its stake in Match Group by 87.6% during the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after buying an additional 794 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Match Group during the second quarter worth approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Match Group by 433.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after acquiring an additional 1,500 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTCH has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Morgan Stanley decreased their target price on Match Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Truist Financial cut their price target on Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, November 8th. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company lowered their price objective on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.73.

Insider Buying and Selling at Match Group

In related news, Director Stephen Bailey sold 801 shares of Match Group stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total value of $25,319.61. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.77% of the company’s stock.

Match Group Trading Down 0.5 %

MTCH opened at $32.51 on Thursday. The stock 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. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The firm’s fifty day simple moving average is $35.49 and its 200 day simple moving average is $33.98.

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.