Victory Capital Management Inc. Acquires 9,462 Shares of Match Group, Inc. (NASDAQ:MTCH)

Victory Capital Management Inc. lifted its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 5.5% during the third quarter, HoldingsChannel.com reports. The fund owned 182,535 shares of the technology company’s stock after buying an additional 9,462 shares during the quarter. Victory Capital Management Inc.’s holdings in Match Group were worth $6,907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MTCH. Pacer Advisors Inc. lifted its holdings 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. purchased a new stake in Match Group during the 2nd quarter worth approximately $100,848,000. Bank of New York Mellon Corp increased its position 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. Dimensional Fund Advisors LP lifted its holdings in shares of Match Group by 75.5% during the second 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 during the period. Finally, Marshall Wace LLP purchased a new stake in Match Group in the second quarter valued at approximately $49,053,000. 94.05% of the stock is owned by institutional investors.

Match Group Price Performance

Shares of MTCH opened at $31.50 on Friday. The stock’s 50-day moving average is $35.76 and its two-hundred day moving average is $33.92. The stock has a market cap of $8.12 billion, a PE ratio of 14.06, a P/E/G ratio of 0.84 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.

Analyst Upgrades and Downgrades

MTCH has been the topic of several analyst reports. StockNews.com downgraded Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barclays decreased their target price on shares of Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $38.00 target price on shares of Match Group in a report on Wednesday, July 31st. TD Cowen raised their price target on shares of Match Group from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley reduced their price objective on shares of Match Group from $36.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. 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 company’s stock. According to data from MarketBeat.com, the stock presently 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.