Seizert Capital Partners LLC Makes New $9.86 Million Investment in Match Group, Inc. (NASDAQ:MTCH)

Seizert Capital Partners LLC bought a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 260,620 shares of the technology company’s stock, valued at approximately $9,862,000. Seizert Capital Partners LLC owned 0.10% of Match Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in shares of Match Group by 617.3% in 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 in the last quarter. Quarry LP increased its position in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after purchasing an additional 461 shares during the last quarter. Mather Group LLC. raised its stake in shares of 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 acquiring an additional 794 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Match Group in the 2nd quarter worth $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Match Group by 433.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after buying an additional 1,500 shares during the period. 94.05% of the stock is owned by institutional investors.

Match Group Stock Down 1.8 %

Shares of NASDAQ MTCH opened at $30.71 on Friday. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The business’s 50 day moving average price is $36.15 and its 200 day moving average price is $33.96. The firm has a market cap of $7.92 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.85 and a beta of 1.51.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target for the company in a report on Monday, August 5th. Wells Fargo & Company cut their price objective on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group dropped their target price on shares of 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, Citigroup increased their price target on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.