Paloma Partners Management Co Raises Holdings in Match Group, Inc. (NASDAQ:MTCH)

Paloma Partners Management Co increased its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 510.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 65,086 shares of the technology company’s stock after purchasing an additional 54,422 shares during the period. Paloma Partners Management Co’s holdings in Match Group were worth $2,463,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC boosted its position in Match Group by 22.1% during the 1st quarter. Tidal Investments LLC now owns 27,574 shares of the technology company’s stock valued at $999,000 after acquiring an additional 4,994 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Match Group by 98.0% during the first quarter. Cetera Investment Advisers now owns 79,526 shares of the technology company’s stock valued at $2,885,000 after buying an additional 39,357 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Match Group during the first quarter valued at about $709,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Match Group by 146.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 140,090 shares of the technology company’s stock valued at $4,929,000 after buying an additional 83,166 shares in the last quarter. Finally, Mather Group LLC. grew its position in shares of Match Group by 87.6% in the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after buying an additional 794 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MTCH has been the subject of several recent analyst reports. HSBC upgraded shares of Match Group from a “hold” rating to a “buy” rating and set a $43.20 target price for the company in a research note on Monday, August 5th. Truist Financial lowered their price objective on Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Susquehanna reduced their target price on Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Barclays lowered their price target on Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Finally, KeyCorp dropped their target price on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.73.

Insider Buying and Selling

In related news, Director Stephen Bailey sold 801 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $391,900.78. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.77% of the stock is owned by corporate insiders.

Match Group Stock Performance

NASDAQ MTCH opened at $32.74 on Monday. The firm has a market capitalization of $8.22 billion, a P/E ratio of 14.62, a PEG ratio of 0.90 and a beta of 1.51. The stock has a 50-day simple moving average of $35.33 and a two-hundred day simple moving average of $34.02. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two 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.