Investment Management Corp of Ontario purchased a new stake in Match Group, Inc. (NASDAQ:MTCH – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,376 shares of the technology company’s stock, valued at approximately $317,000.
Several other large investors also recently made changes to their positions in the business. Venturi Wealth Management LLC grew its holdings in shares of 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 last quarter. Itau Unibanco Holding S.A. purchased a new position in Match Group in the 3rd quarter worth about $31,000. Quarry LP increased its stake 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 purchasing an additional 461 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Match Group during the 3rd quarter worth about $57,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Match Group in the second quarter worth about $61,000. Institutional investors own 94.05% of the company’s stock.
Insiders Place Their Bets
In other Match Group news, Director Stephen Bailey sold 801 shares of the company’s 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 completion of the sale, the director now directly owns 12,398 shares in the company, valued at $391,900.78. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.77% of the company’s stock.
Match Group Stock Performance
Analyst Ratings Changes
Several brokerages recently commented on MTCH. Bank of America restated a “neutral” rating and issued a $35.00 price target (down previously from $50.00) on shares of Match Group in a research report on Thursday, November 7th. Truist Financial reduced their target price on Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, November 8th. Barclays dropped their price target on Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada decreased their price objective on Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, UBS Group dropped their target price on Match Group from $43.00 to $38.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and an average price target of $40.73.
Get Our Latest Stock Analysis on MTCH
Match Group 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.
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