Aviance Capital Partners LLC Purchases New Holdings in Match Group, Inc. (NASDAQ:MTCH)

Aviance Capital Partners LLC acquired a new position in Match Group, Inc. (NASDAQ:MTCH) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 57,349 shares of the technology company’s stock, valued at approximately $2,170,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Match Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after purchasing an additional 416,140 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Match Group by 88.5% in the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after acquiring an additional 2,940,667 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Match Group in the second quarter valued at about $100,848,000. Bank of New York Mellon Corp grew its holdings in Match Group by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock worth $77,342,000 after acquiring an additional 12,379 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Match Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock valued at $69,018,000 after purchasing an additional 977,090 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Evercore ISI upgraded shares of Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $38.00 target price on shares of Match Group in a research report on Wednesday, July 31st. Royal Bank of Canada lowered their price target on Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $35.00 price objective (down from $50.00) on shares of Match Group in a research report on Thursday, November 7th. 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 company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.73.

Match Group Stock Performance

Shares of MTCH opened at $30.51 on Tuesday. The company has a market capitalization of $7.87 billion, a P/E ratio of 13.62, a P/E/G ratio of 0.85 and a beta of 1.51. The business’s 50-day moving average is $36.04 and its two-hundred day moving average is $33.98. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42.

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.