Prestige Wealth Management Group LLC Acquires 753 Shares of Match Group, Inc. (NASDAQ:MTCH)

Prestige Wealth Management Group LLC increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 17.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,128 shares of the technology company’s stock after purchasing an additional 753 shares during the period. Prestige Wealth Management Group LLC’s holdings in Match Group were worth $194,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Starboard Value LP bought a new stake in Match Group during the 3rd quarter valued at $361,605,000. Versor Investments LP lifted its stake in shares of Match Group by 301.7% during the 3rd quarter. Versor Investments LP now owns 48,200 shares of the technology company’s stock worth $1,824,000 after purchasing an additional 36,200 shares during the last quarter. Paloma Partners Management Co boosted its position in Match Group by 510.3% during the third quarter. Paloma Partners Management Co now owns 65,086 shares of the technology company’s stock valued at $2,463,000 after purchasing an additional 54,422 shares in the last quarter. Aviance Capital Partners LLC purchased a new position in Match Group in the third quarter valued at about $2,170,000. Finally, Mawer Investment Management Ltd. raised its holdings in Match Group by 71.4% in the third quarter. Mawer Investment Management Ltd. now owns 643,335 shares of the technology company’s stock worth $24,344,000 after purchasing an additional 267,890 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on MTCH shares. UBS Group lowered their price target on shares of Match Group from $43.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Barclays lowered their target price on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Bank of America reiterated a “neutral” rating and set a $35.00 price objective (down previously from $50.00) on shares of Match Group in a report on Thursday, November 7th. Truist Financial dropped their target price on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Finally, StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.73.

Insider Buying and Selling

In related news, Director Stephen Bailey sold 801 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.77% of the stock is owned by corporate insiders.

Match Group Stock Performance

Shares of MTCH opened at $33.39 on Tuesday. The business’s 50-day moving average is $34.81 and its two-hundred day moving average is $34.13. The company has a market capitalization of $8.38 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.91 and a beta of 1.47. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42.

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.