Patton Albertson Miller Group LLC Buys 2,021 Shares of Match Group, Inc. (NASDAQ:MTCH)

Patton Albertson Miller Group LLC lifted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,585 shares of the technology company’s stock after acquiring an additional 2,021 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Match Group were worth $6,493,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new position in shares of Match Group during the 2nd quarter worth about $100,848,000. Pacer Advisors Inc. lifted its position in shares of Match Group by 88.5% during the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after purchasing an additional 2,940,667 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Match Group during the 2nd quarter worth about $49,053,000. Dimensional Fund Advisors LP lifted its position 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 worth $69,018,000 after purchasing an additional 977,090 shares during the last quarter. Finally, Minneapolis Portfolio Management Group LLC acquired a new position in shares of Match Group during the 3rd quarter worth about $20,097,000. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

MTCH has been the subject of several recent research reports. Royal Bank of Canada cut their price target on Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Evercore ISI raised Match Group to a “strong-buy” rating in a report on Thursday, August 1st. UBS Group cut their price target on Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Susquehanna cut their price target on Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Finally, The Goldman Sachs Group upped their price target on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Stock Performance

Shares of MTCH opened at $32.57 on Tuesday. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.87 and a beta of 1.51. The business’s fifty day moving average price is $35.63 and its two-hundred day moving average price is $33.98. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42.

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.