Kentucky Retirement Systems Sells 2,054 Shares of Match Group, Inc. (NASDAQ:MTCH)

Kentucky Retirement Systems trimmed its position in Match Group, Inc. (NASDAQ:MTCH) by 10.3% during the third quarter, HoldingsChannel.com reports. The fund owned 17,966 shares of the technology company’s stock after selling 2,054 shares during the quarter. Kentucky Retirement Systems’ holdings in Match Group were worth $680,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MTCH. Venturi Wealth Management LLC increased its stake in Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after acquiring an additional 605 shares during the last quarter. Quarry LP increased its stake in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after acquiring an additional 461 shares during the last quarter. Mather Group LLC. increased its stake in Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after acquiring an additional 794 shares during the last quarter. International Assets Investment Management LLC bought a new position in Match Group in the second quarter valued at approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in Match Group by 433.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after acquiring an additional 1,500 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Match Group Price Performance

NASDAQ:MTCH opened at $30.29 on Wednesday. The firm has a 50-day moving average of $35.92 and a 200-day moving average of $33.96. The company has a market cap of $7.81 billion, a PE ratio of 13.52, 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.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Royal Bank of Canada cut their target price on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Susquehanna cut their target price on shares of Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. KeyCorp cut their target price on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company cut 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 research report on Tuesday, October 8th. Nine 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 stock. According to MarketBeat, Match Group currently has an average rating of “Moderate Buy” and an average price target of $40.73.

About Match Group

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.