Natixis Advisors LLC Sells 3,406 Shares of Match Group, Inc. (NASDAQ:MTCH)

Natixis Advisors LLC lessened its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 20.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,396 shares of the technology company’s stock after selling 3,406 shares during the period. Natixis Advisors LLC’s holdings in Match Group were worth $507,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC increased its position in 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 during the last quarter. Quarry LP raised its stake in shares of 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 buying an additional 461 shares during the period. Mather Group LLC. raised its stake in shares of 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 buying an additional 794 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Match Group in the second quarter valued at $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Match Group by 433.5% during the 3rd 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. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insiders Place Their Bets

In other Match Group news, Director Stephen Bailey sold 801 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the sale, the director now owns 12,398 shares in the company, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.77% of the company’s stock.

Match Group Stock Performance

NASDAQ MTCH opened at $32.51 on Friday. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The stock has a 50 day simple moving average of $35.41 and a two-hundred day simple moving average of $33.97. The stock has a market cap of $8.16 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 0.90 and a beta of 1.51.

Analysts Set New Price Targets

A number of analysts recently issued reports on MTCH shares. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Royal Bank of Canada cut their price objective on Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, November 8th. KeyCorp cut their price objective on Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Finally, Barclays cut their price objective on Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.