Clark Estates Inc. NY Sells 7,300 Shares of Match Group, Inc. (NASDAQ:MTCH)

Clark Estates Inc. NY lowered its stake in Match Group, Inc. (NASDAQ:MTCH) by 7.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,900 shares of the technology company’s stock after selling 7,300 shares during the quarter. Clark Estates Inc. NY’s holdings in Match Group were worth $3,440,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MTCH. Venturi Wealth Management LLC boosted its holdings in Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after acquiring an additional 605 shares during the last quarter. Quarry LP grew its holdings 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 buying an additional 461 shares in the last quarter. Mather Group LLC. increased its stake in Match Group by 87.6% in the 2nd quarter. Mather Group LLC. now owns 1,700 shares of the technology company’s stock valued at $52,000 after buying an additional 794 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Match Group during the 2nd quarter worth $61,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings 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 buying an additional 1,500 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $32.66 on Wednesday. The company has a market capitalization of $8.20 billion, a P/E ratio of 14.58, a P/E/G ratio of 0.90 and a beta of 1.51. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $42.42. The firm’s 50 day simple moving average is $35.57 and its two-hundred day simple moving average is $33.99.

Insider Activity

In related news, Director Stephen Bailey sold 801 shares of the business’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 transaction, the director now directly owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.77% of the company’s stock.

Analyst Ratings Changes

MTCH has been the topic of a number of analyst reports. Evercore ISI raised shares of Match Group to a “strong-buy” rating in a report on Thursday, August 1st. Hsbc Global Res upgraded Match Group from a “hold” rating to a “strong-buy” rating in a report on Monday, August 5th. StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Truist Financial cut their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Finally, Citigroup upped their price target on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Match Group has a consensus 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.