Heritage Investors Management Corp Reduces Holdings in Match Group, Inc. (NASDAQ:MTCH)

Heritage Investors Management Corp decreased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 5.9% during the third quarter, Holdings Channel.com reports. The fund owned 32,245 shares of the technology company’s stock after selling 2,011 shares during the period. Heritage Investors Management Corp’s holdings in Match Group were worth $1,220,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Fidelis Capital Partners LLC purchased a new stake in Match Group in the first quarter valued at approximately $33,000. Quarry LP boosted its position in 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 buying an additional 461 shares during the last quarter. Mather Group LLC. boosted its position in Match Group by 87.6% in the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after buying an additional 794 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Match Group in the first quarter valued at approximately $57,000. Finally, International Assets Investment Management LLC purchased a new stake in Match Group in the second quarter valued at approximately $61,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

Shares of MTCH stock opened at $36.94 on Wednesday. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 0.74 and a beta of 1.51. The stock has a 50 day simple moving average of $36.93 and a 200-day simple moving average of $33.96. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. HSBC upgraded Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price on the stock in a research report on Monday, August 5th. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Wells Fargo & Company decreased 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. The Goldman Sachs Group boosted 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $38.00 price target on shares of Match Group in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.58.

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.