24,680 Shares in Match Group, Inc. (NASDAQ:MTCH) Acquired by Vinva Investment Management Ltd

Vinva Investment Management Ltd purchased a new position in Match Group, Inc. (NASDAQ:MTCH) in the third quarter, HoldingsChannel.com reports. The firm purchased 24,680 shares of the technology company’s stock, valued at approximately $933,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTCH. Venturi Wealth Management LLC boosted its holdings in Match Group by 617.3% in 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 during the period. Quarry LP boosted its holdings in Match Group by 54.5% in 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 during the period. Mather Group LLC. boosted its holdings in Match Group by 87.6% in 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 during the period. International Assets Investment Management LLC purchased a new position in Match Group in the 2nd quarter worth approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in Match Group by 433.5% in 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 during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

MTCH stock opened at $32.74 on Friday. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 0.90 and a beta of 1.51. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42. The stock’s fifty day moving average is $35.33 and its two-hundred day moving average is $33.98.

Insider Activity at Match Group

In related news, Director Stephen Bailey sold 801 shares of Match Group stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $31.61, for a total transaction of $25,319.61. Following the sale, the director now directly owns 12,398 shares in the company, valued at $391,900.78. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

MTCH has been the subject of several research analyst reports. UBS Group reduced their target price on Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Royal Bank of Canada reduced their target price on Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Morgan Stanley reduced their target price on Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Bank of America reiterated a “neutral” rating and set a $35.00 target price (down from $50.00) on shares of Match Group in a research note on Thursday, November 7th. Finally, Susquehanna reduced their target price on Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.