Empirical Finance LLC Grows Stake in Match Group, Inc. (NASDAQ:MTCH)

Empirical Finance LLC increased its holdings in Match Group, Inc. (NASDAQ:MTCH) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,952 shares of the technology company’s stock after purchasing an additional 384 shares during the period. Empirical Finance LLC’s holdings in Match Group were worth $982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Venturi Wealth Management LLC lifted its holdings in shares of Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after buying an additional 605 shares in the last quarter. Quarry LP lifted 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. Mather Group LLC. boosted its holdings in shares of Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after purchasing an additional 794 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Match Group during the second quarter valued at about $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings 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 worth $70,000 after purchasing an additional 1,500 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MTCH shares. Susquehanna dropped their price target 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. Barclays lowered their target price on Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. 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 lowered their price objective on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Finally, Wells Fargo & Company reduced their target price on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. Nine 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Stock Down 1.8 %

MTCH stock opened at $30.71 on Friday. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.85 and a beta of 1.51. The business’s fifty day simple moving average is $36.15 and its two-hundred day simple moving average is $33.96.

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.