Seizert Capital Partners LLC Makes New Investment in Match Group, Inc. (NASDAQ:MTCH)

Seizert Capital Partners LLC purchased a new stake in Match Group, Inc. (NASDAQ:MTCH) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 260,620 shares of the technology company’s stock, valued at approximately $9,862,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MTCH. Vanguard Group Inc. increased its stake in Match Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after buying an additional 416,140 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Match Group by 88.5% during the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after buying an additional 2,940,667 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Match Group in the 2nd quarter valued at approximately $100,848,000. Bank of New York Mellon Corp increased its stake in Match Group by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock valued at $77,342,000 after buying an additional 12,379 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Match Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock worth $69,018,000 after purchasing an additional 977,090 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Down 1.8 %

NASDAQ:MTCH opened at $30.71 on Friday. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The company has a market cap of $7.92 billion, a PE ratio of 13.71, a P/E/G ratio of 0.85 and a beta of 1.51. The business’s 50 day moving average is $36.15 and its two-hundred day moving average is $33.96.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $38.00 price target on shares of Match Group in a report on Wednesday, July 31st. Truist Financial reduced their price objective on shares of Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada decreased their price target on Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.