Applied Fundamental Research LLC Has $6.47 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Applied Fundamental Research LLC trimmed its stake in Match Group, Inc. (NASDAQ:MTCH) by 16.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 170,988 shares of the technology company’s stock after selling 32,923 shares during the period. Match Group comprises approximately 4.3% of Applied Fundamental Research LLC’s investment portfolio, making the stock its 11th biggest position. Applied Fundamental Research LLC owned approximately 0.07% of Match Group worth $6,470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new stake in Match Group during the second quarter worth approximately $100,848,000. Pacer Advisors Inc. grew its holdings in Match Group by 88.5% in the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after purchasing an additional 2,940,667 shares during the period. Marshall Wace LLP acquired a new position in shares of Match Group during the second quarter valued at about $49,053,000. Dimensional Fund Advisors LP boosted its position in shares of Match Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock worth $69,018,000 after purchasing an additional 977,090 shares in the last quarter. Finally, Minneapolis Portfolio Management Group LLC bought a new stake in Match Group in the 3rd quarter valued at about $20,097,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTCH. Citigroup increased their price target on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. KeyCorp decreased their price target on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a research note on Tuesday, November 12th. Hsbc Global Res upgraded shares of Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. Bank of America restated a “neutral” rating and issued a $35.00 target price (down previously from $50.00) on shares of Match Group in a report on Thursday, November 7th. Finally, 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 note on Friday, November 8th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Trading Up 3.3 %

Shares of MTCH stock opened at $32.57 on Tuesday. The firm’s 50 day moving average is $35.63 and its 200 day moving average is $33.98. 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. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42.

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.