Mutual of America Capital Management LLC Sells 1,750 Shares of Match Group, Inc. (NASDAQ:MTCH)

Mutual of America Capital Management LLC reduced its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 5.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 31,753 shares of the technology company’s stock after selling 1,750 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Match Group were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Venturi Wealth Management LLC lifted its stake 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 valued at $27,000 after buying an additional 605 shares during the period. Quarry LP lifted its position in shares of 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 acquiring an additional 461 shares during the period. Mather Group LLC. lifted its position in shares of Match Group by 87.6% in the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after acquiring an additional 794 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Match Group during the 2nd quarter worth approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Match Group by 433.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after purchasing an additional 1,500 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MTCH shares. Morgan Stanley reduced their target price on Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Truist Financial decreased their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Stifel Nicolaus increased their price target on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. The Goldman Sachs Group lifted their price objective on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, TD Cowen increased their target price on Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Nine equities research 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.73.

Match Group Stock Up 3.3 %

Match Group stock opened at $32.57 on Tuesday. The stock has a 50-day simple moving average of $35.63 and a 200 day simple moving average of $33.98. The stock has a market capitalization of $8.18 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 0.87 and a beta of 1.51. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42.

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.