BNP Paribas Has $292,000 Position in Match Group, Inc. (NASDAQ:MTCH)

BNP Paribas lessened its position in Match Group, Inc. (NASDAQ:MTCH) by 10.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,734 shares of the technology company’s stock after selling 888 shares during the period. BNP Paribas’ holdings in Match Group were worth $292,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Life Insurance Co. boosted its stake in shares of Match Group by 2.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 10,647 shares of the technology company’s stock valued at $403,000 after purchasing an additional 297 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of Match Group by 3.1% in the 3rd quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company’s stock valued at $379,000 after purchasing an additional 299 shares in the last quarter. Prestige Wealth Management Group LLC boosted its stake in shares of Match Group by 8.9% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company’s stock valued at $133,000 after purchasing an additional 357 shares in the last quarter. Empirical Finance LLC boosted its stake in shares of Match Group by 1.5% in the 3rd quarter. Empirical Finance LLC now owns 25,952 shares of the technology company’s stock valued at $982,000 after purchasing an additional 384 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Match Group by 1.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 29,955 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 455 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity at Match Group

In related news, Director Stephen Bailey sold 801 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is currently owned by corporate insiders.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $32.51 on Thursday. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 0.90 and a beta of 1.51. The firm’s 50 day simple moving average is $35.49 and its 200 day simple moving average is $33.98. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42.

Analyst Ratings Changes

Several brokerages have recently commented on MTCH. Wells Fargo & Company reduced their target price on shares of 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. HSBC raised Match Group from a “hold” rating to a “buy” rating and set a $43.20 price target for the company in a report on Monday, August 5th. StockNews.com cut Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. KeyCorp cut their price target on Match Group from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Finally, UBS Group cut their price target on Match Group from $43.00 to $38.00 and set a “neutral” rating for the company in a report on Friday, November 8th. 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 MarketBeat, Match Group has a consensus rating of “Moderate Buy” and a consensus target price 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.