Quantinno Capital Management LP Has $2.29 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Quantinno Capital Management LP raised its holdings in Match Group, Inc. (NASDAQ:MTCH) by 168.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 60,610 shares of the technology company’s stock after buying an additional 38,037 shares during the quarter. Quantinno Capital Management LP’s holdings in Match Group were worth $2,293,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Quarry LP grew its holdings in shares of Match Group by 126.3% during the 3rd quarter. Quarry LP now owns 2,958 shares of the technology company’s stock worth $112,000 after purchasing an additional 1,651 shares in the last quarter. RBF Capital LLC acquired a new stake in shares of Match Group during the 3rd quarter worth approximately $378,000. Redwood Investment Management LLC bought a new position in shares of Match Group during the 3rd quarter worth approximately $2,789,000. Repertoire Partners LP lifted its position in shares of Match Group by 54.8% during the 3rd quarter. Repertoire Partners LP now owns 100,000 shares of the technology company’s stock worth $3,784,000 after buying an additional 35,400 shares during the period. Finally, Portolan Capital Management LLC bought a new position in shares of Match Group during the 3rd quarter worth approximately $6,562,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the business’s 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 of the company’s stock, valued at approximately $391,900.78. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company’s stock.

Match Group Stock Down 1.0 %

Shares of Match Group stock opened at $33.05 on Wednesday. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The business has a fifty day simple moving average of $34.81 and a 200 day simple moving average of $34.13. The stock has a market cap of $8.30 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MTCH shares. Barclays cut their target price on Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Susquehanna cut their target price on Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. KeyCorp cut 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. UBS Group cut their price objective on Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Wells Fargo & Company cut their price objective on 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. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Match Group presently has an average rating of “Moderate Buy” and a consensus target price 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.