Match Group, Inc. (NASDAQ:MTCH) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in Match Group, Inc. (NASDAQ:MTCH) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,940 shares of the technology company’s stock after selling 6,204 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Match Group were worth $3,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTCH. Vanguard Group Inc. lifted its holdings in shares of Match Group by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock valued at $1,173,966,000 after buying an additional 416,140 shares during the period. Pacer Advisors Inc. lifted its holdings in Match Group by 88.5% in the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock valued at $190,279,000 after acquiring an additional 2,940,667 shares during the period. Assenagon Asset Management S.A. acquired a new position in Match Group in the second quarter valued at approximately $100,848,000. Bank of New York Mellon Corp boosted its position in Match Group by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock worth $77,342,000 after purchasing an additional 12,379 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Match Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock valued at $69,018,000 after purchasing an additional 977,090 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Performance

NASDAQ:MTCH opened at $30.88 on Wednesday. The stock has a 50 day moving average price of $36.59 and a 200 day moving average price of $33.99. The stock has a market cap of $7.96 billion, a PE ratio of 13.79, a P/E/G ratio of 0.63 and a beta of 1.51. Match Group, Inc. has a one year low of $27.66 and a one year high of $42.42.

Wall Street Analysts Forecast Growth

MTCH has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their price target on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Citigroup raised their target price on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $38.00 price target on shares of Match Group in a report on Wednesday, July 31st. Barclays dropped 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. Finally, HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price for the company in a research note on Monday, August 5th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.73.

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.