Heritage Investors Management Corp decreased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH – Free Report) 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
Get Our Latest Analysis on MTCH
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.
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