Vinva Investment Management Ltd Acquires Shares of 24,680 Match Group, Inc. (NASDAQ:MTCH)

Vinva Investment Management Ltd acquired a new stake in Match Group, Inc. (NASDAQ:MTCH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 24,680 shares of the technology company’s stock, valued at approximately $933,000.

Several other institutional investors also recently bought and sold shares of the company. Public Sector Pension Investment Board increased its stake in Match Group by 0.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 644,802 shares of the technology company’s stock valued at $24,399,000 after buying an additional 1,900 shares during the period. Corsair Capital Management L.P. purchased a new stake in shares of Match Group during the 3rd quarter worth $241,000. Bridgewater Associates LP boosted its position in shares of Match Group by 618.9% during the 3rd quarter. Bridgewater Associates LP now owns 402,148 shares of the technology company’s stock worth $15,217,000 after purchasing an additional 346,212 shares in the last quarter. FMR LLC boosted its position in shares of Match Group by 10.4% during the 3rd quarter. FMR LLC now owns 5,540,916 shares of the technology company’s stock worth $209,668,000 after purchasing an additional 524,144 shares in the last quarter. Finally, Patton Albertson Miller Group LLC boosted its position in shares of Match Group by 1.2% during the 3rd quarter. Patton Albertson Miller Group LLC now owns 171,585 shares of the technology company’s stock worth $6,493,000 after purchasing an additional 2,021 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on MTCH. Susquehanna decreased their target price on shares of Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company decreased their price objective on shares of Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 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 research report on Friday, November 8th. Royal Bank of Canada decreased their price objective on shares of Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.73.

Insider Activity

In related news, Director Stephen Bailey sold 801 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. This represents a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Match Group Price Performance

NASDAQ MTCH opened at $32.74 on Friday. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $42.42. The company has a 50-day moving average of $35.33 and a 200-day moving average of $33.98. The company has a market cap of $8.22 billion, a P/E ratio of 14.62, a P/E/G ratio of 0.90 and a beta of 1.51.

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.