New York Life Investment Management LLC Has $1.40 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

New York Life Investment Management LLC decreased its position in Match Group, Inc. (NASDAQ:MTCH) by 2.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 38,328 shares of the technology company’s stock after selling 1,163 shares during the period. New York Life Investment Management LLC’s holdings in Match Group were worth $1,399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTCH. Victory Capital Management Inc. lifted its position in Match Group by 304.0% in the 4th quarter. Victory Capital Management Inc. now owns 154,511 shares of the technology company’s stock worth $5,640,000 after buying an additional 116,266 shares in the last quarter. Watershed Asset Management L.L.C. bought a new position in shares of Match Group during the 4th quarter valued at $328,000. South Dakota Investment Council raised its holdings in shares of Match Group by 141.7% during the 4th quarter. South Dakota Investment Council now owns 8,700 shares of the technology company’s stock valued at $318,000 after purchasing an additional 5,100 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Match Group during the 4th quarter valued at $55,000. Finally, Greenwich Wealth Management LLC raised its holdings in shares of Match Group by 1.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 19,170 shares of the technology company’s stock valued at $700,000 after purchasing an additional 361 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Match Group from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. cut their price target on shares of Match Group from $60.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 1st. Raymond James started coverage on shares of Match Group in a report on Thursday, April 4th. They issued a “market perform” rating on the stock. Citigroup lifted their target price on shares of Match Group from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, KeyCorp dropped their target price on shares of Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.82.

Match Group Stock Down 2.3 %

NASDAQ:MTCH opened at $31.51 on Wednesday. The firm has a market cap of $8.44 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. Match Group, Inc. has a 12 month low of $27.85 and a 12 month high of $49.24. The company’s 50-day moving average price is $33.77 and its two-hundred day moving average price is $34.34.

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.