Charles Schwab Investment Management Inc. Trims Holdings in Match Group, Inc. (NASDAQ:MTCH)

Charles Schwab Investment Management Inc. lessened its stake in Match Group, Inc. (NASDAQ:MTCH) by 0.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,597,960 shares of the technology company’s stock after selling 1,414 shares during the period. Charles Schwab Investment Management Inc. owned about 1.01% of Match Group worth $98,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTCH. Thompson Siegel & Walmsley LLC grew its holdings in Match Group by 11.8% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,508,192 shares of the technology company’s stock worth $57,070,000 after acquiring an additional 159,663 shares in the last quarter. EULAV Asset Management raised its stake in shares of Match Group by 16.9% in the 3rd quarter. EULAV Asset Management now owns 415,136 shares of the technology company’s stock valued at $15,709,000 after purchasing an additional 59,955 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Match Group during the third quarter worth about $251,000. Caprock Group LLC bought a new position in shares of Match Group during the third quarter worth about $221,000. Finally, Aviance Capital Partners LLC bought a new stake in Match Group in the third quarter valued at about $2,170,000. Institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

Match Group stock opened at $32.66 on Wednesday. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $42.42. The stock has a market capitalization of $8.20 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.87 and a beta of 1.51. The firm has a 50 day simple moving average of $35.57 and a 200-day simple moving average of $33.99.

Insider Buying and Selling at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MTCH shares. Evercore ISI upgraded Match Group to a “strong-buy” rating in a research report on Thursday, August 1st. KeyCorp decreased their price objective on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Susquehanna decreased their price target on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Finally, Stifel Nicolaus increased their price objective on shares of Match Group from $34.00 to $39.00 and gave the stock a “hold” rating in a research note 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.