Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Banco Santander S.A.

Banco Santander S.A. trimmed its holdings in Match Group, Inc. (NASDAQ:MTCH) by 2.5% during the third quarter, HoldingsChannel reports. The firm owned 17,620 shares of the technology company’s stock after selling 450 shares during the period. Banco Santander S.A.’s holdings in Match Group were worth $667,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC raised 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 valued at $27,000 after purchasing an additional 605 shares during the period. Quarry LP grew 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 worth $40,000 after acquiring an additional 461 shares in the last quarter. Mather Group LLC. grew 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 worth $52,000 after acquiring an additional 794 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Match Group in the second quarter worth $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Match Group by 433.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $31.53 on Friday. The company has a 50-day simple moving average of $35.69 and a 200-day simple moving average of $33.92. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42. The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.87 and a beta of 1.51.

Analyst Upgrades and Downgrades

Several research firms have commented on MTCH. Royal Bank of Canada dropped their price target on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Bank of America reiterated a “neutral” rating and set a $35.00 target price (down previously from $50.00) on shares of Match Group in a research note on Thursday, November 7th. TD Cowen boosted their target price on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Susquehanna lowered their target price on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $38.00 target price on shares of Match Group in a research note on Wednesday, July 31st. Nine investment 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.