Crossmark Global Holdings Inc. Lowers Stake in Match Group, Inc. (NASDAQ:MTCH)

Crossmark Global Holdings Inc. trimmed its position in Match Group, Inc. (NASDAQ:MTCH) by 4.0% during the third quarter, HoldingsChannel.com reports. The firm owned 11,259 shares of the technology company’s stock after selling 469 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Match Group were worth $426,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Match Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 32,358,501 shares of the technology company’s stock worth $1,173,966,000 after purchasing an additional 416,140 shares in the last quarter. Pacer Advisors Inc. grew its stake in Match Group by 88.5% during the second quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after buying an additional 2,940,667 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Match Group in the second quarter worth $100,848,000. Bank of New York Mellon Corp raised its stake in shares of Match Group by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,545,805 shares of the technology company’s stock valued at $77,342,000 after acquiring an additional 12,379 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings 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 valued at $69,018,000 after acquiring an additional 977,090 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Trading Down 1.8 %

MTCH stock opened at $30.71 on Friday. The stock’s 50 day simple moving average is $36.15 and its 200 day simple moving average is $33.94. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42. The firm has a market cap of $7.92 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.85 and a beta of 1.51.

Analyst Ratings Changes

Several analysts recently issued reports on MTCH shares. Bank of America reiterated a “neutral” rating and issued a $35.00 price target (down from $50.00) on shares of Match Group in a report on Thursday, November 7th. Morgan Stanley dropped their target price on Match Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. UBS Group decreased their price target on Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Truist Financial dropped their price objective on shares of Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $38.00 target price on shares of Match Group in a research note on Wednesday, July 31st. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.73.

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.