Clark Estates Inc. NY Sells 7,300 Shares of Match Group, Inc. (NASDAQ:MTCH)

Clark Estates Inc. NY reduced its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,900 shares of the technology company’s stock after selling 7,300 shares during the period. Clark Estates Inc. NY’s holdings in Match Group were worth $3,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Venturi Wealth Management LLC grew 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 worth $27,000 after acquiring an additional 605 shares during the last quarter. Quarry LP lifted its position in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after buying an additional 461 shares during the period. Mather Group LLC. lifted its holdings in shares of Match Group by 87.6% during the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after acquiring an additional 794 shares during the period. International Assets Investment Management LLC bought a new position in Match Group during the 2nd quarter valued at about $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised 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 valued at $70,000 after acquiring an additional 1,500 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Match Group news, Director Stephen Bailey sold 801 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the transaction, the director now owns 12,398 shares of the company’s stock, valued at $391,900.78. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MTCH shares. The Goldman Sachs Group boosted their price objective on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stifel Nicolaus upped 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. Morgan Stanley lowered their price objective on shares of 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. Citigroup upped their target price on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Bank of America reissued a “neutral” rating and issued a $35.00 price target (down previously from $50.00) on shares of Match Group in a report on Thursday, November 7th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.73.

Match Group Trading Up 0.3 %

MTCH opened at $32.66 on Wednesday. The firm’s fifty day simple moving average is $35.57 and its 200 day simple moving average is $33.99. The stock has a market capitalization of $8.20 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.90 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.

Match Group Company 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.