5,788 Shares in Match Group, Inc. (NASDAQ:MTCH) Acquired by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC bought a new position in shares of Match Group, Inc. (NASDAQ:MTCH) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,788 shares of the technology company’s stock, valued at approximately $219,000.

A number of other institutional investors have also made changes to their positions in the business. Northwest & Ethical Investments L.P. acquired a new position in shares of Match Group during the 3rd quarter worth approximately $57,000. Vinva Investment Management Ltd acquired a new position in shares of Match Group during the 3rd quarter worth approximately $933,000. Public Sector Pension Investment Board increased its holdings in shares of Match Group by 0.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 644,802 shares of the technology company’s stock worth $24,399,000 after acquiring an additional 1,900 shares during the last quarter. Corsair Capital Management L.P. acquired a new position in shares of Match Group during the 3rd quarter worth approximately $241,000. Finally, Bridgewater Associates LP increased its holdings in shares of Match Group by 618.9% during the 3rd quarter. Bridgewater Associates LP now owns 402,148 shares of the technology company’s stock worth $15,217,000 after acquiring an additional 346,212 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Down 0.5 %

Shares of MTCH stock opened at $32.51 on Friday. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42. The company has a market cap of $8.16 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.90 and a beta of 1.51. The business has a fifty day simple moving average of $35.41 and a 200 day simple moving average of $33.97.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MTCH shares. 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 report on Thursday, November 7th. Wells Fargo & Company decreased their price objective on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 8th. Barclays decreased their price objective on Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Truist Financial decreased their price objective on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Finally, Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $40.73.

Insider Buying and Selling

In other Match Group news, Director Stephen Bailey sold 801 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the transaction, the director now directly owns 12,398 shares in the company, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by corporate insiders.

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.