Northwest & Ethical Investments L.P. Invests $57,000 in Match Group, Inc. (NASDAQ:MTCH)

Northwest & Ethical Investments L.P. purchased a new stake in Match Group, Inc. (NASDAQ:MTCH) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,500 shares of the technology company’s stock, valued at approximately $57,000.

A number of other large investors also recently bought and sold shares of the business. Versor Investments LP lifted its holdings in Match Group by 301.7% during the third quarter. Versor Investments LP now owns 48,200 shares of the technology company’s stock valued at $1,824,000 after purchasing an additional 36,200 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Match Group by 146.1% during the 1st 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 acquired a new position in shares of Match Group during the third quarter valued at approximately $2,170,000. Cetera Investment Advisers lifted its position in shares of Match Group by 98.0% in the first quarter. Cetera Investment Advisers now owns 79,526 shares of the technology company’s stock valued at $2,885,000 after acquiring an additional 39,357 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its stake in shares of Match Group by 71.4% in the third quarter. Mawer Investment Management Ltd. now owns 643,335 shares of the technology company’s stock worth $24,344,000 after acquiring an additional 267,890 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Up 0.7 %

Shares of NASDAQ MTCH opened at $32.74 on Monday. 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 is $35.33 and its two-hundred day moving average is $34.02. The firm has a market cap of $8.22 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 0.90 and a beta of 1.51.

Analyst Upgrades and Downgrades

MTCH has been the topic of several recent research reports. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Royal Bank of Canada cut their price objective on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a report on Friday, November 8th. HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price on the stock in a report on Monday, August 5th. Wells Fargo & Company cut their price target on Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. Finally, Susquehanna lowered their price objective on Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research note on Friday, November 8th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.73.

Insider Activity at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $31.61, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.77% of the company’s stock.

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.