Quest Partners LLC Makes New Investment in Match Group, Inc. (NASDAQ:MTCH)

Quest Partners LLC bought a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,093 shares of the technology company’s stock, valued at approximately $382,000.

Several other large investors have also recently made changes to their positions in MTCH. Venturi Wealth Management LLC grew its position in Match Group by 617.3% during the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after buying an additional 605 shares during the period. Quarry LP boosted its stake in shares of Match Group by 54.5% during the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after acquiring an additional 461 shares in the last quarter. Mather Group LLC. grew its position in shares of Match Group by 87.6% during the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after acquiring an additional 794 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Match Group in the 2nd quarter valued at about $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Match Group by 433.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after purchasing an additional 1,500 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTCH has been the topic of several research analyst reports. The Goldman Sachs Group raised their price objective on Match Group from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Truist Financial cut their price target on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Friday, November 8th. Barclays decreased their price objective on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Hsbc Global Res raised shares of Match Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada reduced their price target on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.73.

Match Group Trading Up 0.1 %

Shares of MTCH opened at $31.52 on Monday. The firm has a 50-day moving average price of $35.69 and a 200 day moving average price of $33.96. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42. The firm has a market capitalization of $7.91 billion, a P/E ratio of 14.07, a P/E/G ratio of 0.87 and a beta of 1.51.

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.