Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in Match Group, Inc. (NASDAQ:MTCH) by 0.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,597,960 shares of the technology company’s stock after selling 1,414 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Match Group were worth $98,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MTCH. O Shaughnessy Asset Management LLC increased its stake in Match Group by 23.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,679 shares of the technology company’s stock worth $315,000 after purchasing an additional 1,628 shares in the last quarter. Tidal Investments LLC increased its position in shares of Match Group by 22.1% in the first quarter. Tidal Investments LLC now owns 27,574 shares of the technology company’s stock worth $999,000 after acquiring an additional 4,994 shares in the last quarter. Plato Investment Management Ltd raised its holdings in shares of Match Group by 342.5% during the first quarter. Plato Investment Management Ltd now owns 2,810 shares of the technology company’s stock valued at $102,000 after acquiring an additional 2,175 shares during the period. Strategic Wealth Partners Ltd. boosted its stake in Match Group by 51.1% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 39,509 shares of the technology company’s stock worth $1,433,000 after purchasing an additional 13,360 shares during the period. Finally, Swedbank AB purchased a new position in Match Group during the 1st quarter worth approximately $17,940,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Match Group

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. 0.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada decreased their price target on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, November 8th. HSBC raised shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective on the stock in a research report on Monday, August 5th. StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Stock Up 0.3 %

NASDAQ:MTCH opened at $32.66 on Wednesday. The company’s 50 day moving average is $35.57 and its 200-day moving average is $33.99. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 0.87 and a beta of 1.51.

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.