Venturi Wealth Management LLC Buys 605 Shares of Match Group, Inc. (NASDAQ:MTCH)

Venturi Wealth Management LLC raised its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 617.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 703 shares of the technology company’s stock after purchasing an additional 605 shares during the period. Venturi Wealth Management LLC’s holdings in Match Group were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MTCH. Russell Investments Group Ltd. boosted its position in Match Group by 117.5% during the first quarter. Russell Investments Group Ltd. now owns 218,694 shares of the technology company’s stock worth $7,927,000 after purchasing an additional 118,142 shares during the period. ProShare Advisors LLC raised its holdings in Match Group by 49.4% during the 1st quarter. ProShare Advisors LLC now owns 73,417 shares of the technology company’s stock valued at $2,664,000 after acquiring an additional 24,260 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Match Group by 301.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 52,132 shares of the technology company’s stock worth $1,891,000 after acquiring an additional 39,150 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Match Group by 13.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 335,479 shares of the technology company’s stock worth $12,879,000 after acquiring an additional 40,146 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Match Group by 10.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 279,551 shares of the technology company’s stock valued at $10,142,000 after purchasing an additional 27,448 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price for the company in a research note on Monday, August 5th. Evercore ISI raised shares of Match Group to a “strong-buy” rating in a report on Thursday, August 1st. TD Cowen increased their target price on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price target on shares of Match Group in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and an average target price of $40.73.

Match Group Price Performance

MTCH opened at $30.71 on Friday. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.85 and a beta of 1.51. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The business has a 50 day simple moving average of $36.15 and a two-hundred day simple moving average of $33.94.

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.