D.A. Davidson & CO. Trims Holdings in Match Group, Inc. (NASDAQ:MTCH)

D.A. Davidson & CO. reduced its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,839 shares of the technology company’s stock after selling 4,373 shares during the quarter. D.A. Davidson & CO.’s holdings in Match Group were worth $4,648,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MTCH. Venturi Wealth Management LLC boosted its stake in shares of Match Group by 617.3% during the 3rd 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 last quarter. Quarry LP lifted its stake in Match Group by 54.5% during the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after purchasing an additional 461 shares during the last quarter. Mather Group LLC. lifted its stake in Match Group by 87.6% during the second quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock worth $52,000 after purchasing an additional 794 shares during the last quarter. International Assets Investment Management LLC bought a new position in Match Group during the second quarter worth $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Match Group by 433.5% during the third 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 last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Stock Down 0.5 %

Shares of MTCH stock opened at $32.51 on Friday. The stock has a 50-day simple moving average of $35.41 and a 200 day simple moving average of $33.97. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The stock has a market capitalization of $8.16 billion, a P/E ratio of 14.51, a P/E/G ratio of 0.90 and a beta of 1.51.

Insider Activity at Match Group

In related news, Director Stephen Bailey sold 801 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the completion of the transaction, the director now owns 12,398 shares of the company’s stock, valued at $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MTCH. Wells Fargo & Company reduced their price objective on Match Group from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Royal Bank of Canada reduced their price objective on Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Susquehanna dropped their target price on Match Group from $45.00 to $40.00 and set a “positive” rating on the stock in a research report on Friday, November 8th. Evercore ISI raised Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group increased their target price on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.