Bridgewater Associates LP Buys 346,212 Shares of Match Group, Inc. (NASDAQ:MTCH)

Bridgewater Associates LP boosted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 618.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 402,148 shares of the technology company’s stock after acquiring an additional 346,212 shares during the period. Bridgewater Associates LP owned 0.16% of Match Group worth $15,217,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in Match Group by 617.3% during the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after purchasing an additional 605 shares during the period. Quarry LP increased its stake in 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 acquiring an additional 461 shares during the last quarter. Mather Group LLC. lifted its stake in Match Group by 87.6% during the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after purchasing an additional 794 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Match Group in the 2nd quarter valued at $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Match Group by 433.5% in 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 in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Match Group news, Director Stephen Bailey sold 801 shares of the stock in a transaction 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 sale, the director now owns 12,398 shares in the company, valued at $391,900.78. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.77% of the stock is currently owned by insiders.

Match Group Stock Performance

Shares of MTCH stock opened at $32.51 on Thursday. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The firm’s 50-day simple moving average is $35.49 and its two-hundred day simple moving average is $33.98. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 0.90 and a beta of 1.51.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MTCH shares. KeyCorp dropped their price objective on Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Stifel Nicolaus raised their price target on shares of Match Group from $34.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Company lowered their price objective on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th. Royal Bank of Canada cut their target price on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Truist Financial dropped their price target on Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Match Group currently has an average rating of “Moderate Buy” and a consensus price target of $40.73.

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.