Verition Fund Management LLC Has $602,000 Holdings in Match Group, Inc. (NASDAQ:MTCH)

Verition Fund Management LLC decreased its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 58.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 15,911 shares of the technology company’s stock after selling 22,201 shares during the period. Verition Fund Management LLC’s holdings in Match Group were worth $602,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC grew its holdings in shares of Match Group by 617.3% during the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after purchasing an additional 605 shares during the last quarter. Quarry LP boosted its position in 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 buying an additional 461 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in Match Group during the 3rd quarter worth approximately $57,000. International Assets Investment Management LLC acquired a new position in Match Group in the 2nd quarter valued at approximately $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Match Group by 433.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock valued at $70,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In other Match Group news, Director Stephen Bailey sold 801 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.77% of the stock is owned by company insiders.

Match Group Price Performance

MTCH stock opened at $33.05 on Wednesday. The company’s 50-day moving average is $34.81 and its 200-day moving average is $34.13. The stock has a market capitalization of $8.30 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 0.91 and a beta of 1.47. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $42.42.

Analysts Set New Price Targets

A number of analysts recently weighed in on MTCH shares. Wells Fargo & Company decreased their price objective on Match Group from $38.00 to $35.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. KeyCorp cut their price objective on Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 target price on shares of Match Group in a research report on Monday. Finally, UBS Group lowered their price target on shares of Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Match Group presently has a consensus rating of “Moderate Buy” and an average price target of $40.73.

Match Group Company 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.