Empower Advisory Group LLC Boosts Holdings in Match Group, Inc. (NASDAQ:MTCH)

Empower Advisory Group LLC increased its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 8.3% during the third quarter, Holdings Channel reports. The institutional investor owned 2,064,079 shares of the technology company’s stock after buying an additional 159,022 shares during the quarter. Empower Advisory Group LLC’s holdings in Match Group were worth $78,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its holdings in Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after acquiring an additional 605 shares during the period. Quarry LP grew its position in shares of Match Group by 54.5% in the second 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 period. Sentry Investment Management LLC purchased a new position in shares of Match Group during the 1st quarter worth about $57,000. Mather Group LLC. increased its stake in 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 during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in Match Group by 433.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after buying an additional 1,500 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup raised their target price on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Susquehanna lowered their price target on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group boosted their price target on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada dropped their target price on Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Evercore ISI upgraded Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.73.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $30.88 on Wednesday. The stock has a market capitalization of $7.96 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.67 and a beta of 1.51. The business has a 50-day moving average of $36.59 and a two-hundred day moving average of $33.99. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42.

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.