Swedbank AB Acquires 126,400 Shares of Match Group, Inc. (NASDAQ:MTCH)

Swedbank AB increased its holdings in Match Group, Inc. (NASDAQ:MTCH) by 25.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 620,900 shares of the technology company’s stock after buying an additional 126,400 shares during the quarter. Swedbank AB owned 0.24% of Match Group worth $23,495,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its position in shares of Match Group by 23.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,679 shares of the technology company’s stock valued at $315,000 after acquiring an additional 1,628 shares during the period. Gamco Investors INC. ET AL increased its position in Match Group by 6.5% in the first quarter. Gamco Investors INC. ET AL now owns 7,807 shares of the technology company’s stock worth $283,000 after buying an additional 478 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Match Group by 22.1% in the first quarter. Tidal Investments LLC now owns 27,574 shares of the technology company’s stock worth $999,000 after buying an additional 4,994 shares during the period. Plato Investment Management Ltd raised its stake in shares of Match Group by 342.5% in the first quarter. Plato Investment Management Ltd now owns 2,810 shares of the technology company’s stock worth $102,000 after buying an additional 2,175 shares during the period. Finally, Strategic Wealth Partners Ltd. lifted its position in shares of Match Group by 51.1% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 39,509 shares of the technology company’s stock valued at $1,433,000 after buying an additional 13,360 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Up 3.3 %

Shares of NASDAQ:MTCH opened at $32.57 on Tuesday. The firm has a fifty day simple moving average of $35.63 and a two-hundred day simple moving average of $33.98. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The stock has a market capitalization of $8.18 billion, a P/E ratio of 14.54, a PEG ratio of 0.87 and a beta of 1.51.

Analyst Ratings Changes

A number of equities research analysts have commented on MTCH shares. Royal Bank of Canada decreased their target price on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $38.00 price objective on shares of Match Group in a research report on Wednesday, July 31st. Bank of America reiterated a “neutral” rating and issued a $35.00 price target (down previously from $50.00) on shares of Match Group in a research note on Thursday, November 7th. Hsbc Global Res raised Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Finally, Citigroup upped their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.73.

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.