Sumitomo Mitsui Trust Group Inc. Sells 79,958 Shares of Match Group, Inc. (NASDAQ:MTCH)

Sumitomo Mitsui Trust Group Inc. cut its holdings in Match Group, Inc. (NASDAQ:MTCH) by 13.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 497,927 shares of the technology company’s stock after selling 79,958 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Match Group were worth $18,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTCH. Venturi Wealth Management LLC raised its stake in Match Group by 617.3% during the 3rd 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 period. Quarry LP grew its position in Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after purchasing an additional 461 shares during the period. Mather Group LLC. increased its stake in Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after purchasing an additional 794 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Match Group during the second quarter worth $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings 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 buying an additional 1,500 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Truist Financial decreased their price objective on Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group lifted their price objective on shares of Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Bank of America reissued a “neutral” rating and set a $35.00 price target (down from $50.00) on shares of Match Group in a research report on Thursday, November 7th. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 5th. Finally, StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a research note on Friday. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Match Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Stock Down 1.8 %

Shares of NASDAQ:MTCH opened at $30.71 on Monday. The company has a 50-day moving average price of $36.15 and a two-hundred day moving average price of $33.98. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42. The firm has a market capitalization of $7.92 billion, a PE ratio of 13.71, a P/E/G ratio of 0.85 and a beta of 1.51.

Match Group 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.