Public Sector Pension Investment Board Purchases 1,900 Shares of Match Group, Inc. (NASDAQ:MTCH)

Public Sector Pension Investment Board increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 0.3% during the third quarter, Holdings Channel.com reports. The fund owned 644,802 shares of the technology company’s stock after purchasing an additional 1,900 shares during the quarter. Public Sector Pension Investment Board’s holdings in Match Group were worth $24,399,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Versor Investments LP increased its holdings in shares of Match Group by 301.7% during the third quarter. Versor Investments LP now owns 48,200 shares of the technology company’s stock worth $1,824,000 after purchasing an additional 36,200 shares during the period. DekaBank Deutsche Girozentrale grew its position in Match Group by 146.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock worth $4,929,000 after buying an additional 83,166 shares in the last quarter. Aviance Capital Partners LLC bought a new position in Match Group during the 3rd quarter worth $2,170,000. Cetera Investment Advisers increased its stake in Match Group by 98.0% during the 1st quarter. Cetera Investment Advisers now owns 79,526 shares of the technology company’s stock worth $2,885,000 after acquiring an additional 39,357 shares during the period. Finally, Mawer Investment Management Ltd. lifted its position in shares of Match Group by 71.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 643,335 shares of the technology company’s stock valued at $24,344,000 after acquiring an additional 267,890 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Down 0.5 %

NASDAQ MTCH opened at $32.51 on Thursday. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 0.90 and a beta of 1.51. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42. The stock has a fifty day simple moving average of $35.49 and a 200 day simple moving average of $33.98.

Insider Activity

In related news, Director Stephen Bailey sold 801 shares of the company’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 value of $25,319.61. Following the sale, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America restated a “neutral” rating and issued a $35.00 price target (down previously from $50.00) on shares of Match Group in a research report on Thursday, November 7th. Citigroup raised their target price on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Morgan Stanley cut their price target on shares of Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a report on Tuesday, November 12th. Stifel Nicolaus lifted their price objective 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. Finally, HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price objective for the company in a research report on Monday, August 5th. Nine equities research 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.