ING Groep NV Has $5.81 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

ING Groep NV reduced its holdings in Match Group, Inc. (NASDAQ:MTCH) by 56.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,591 shares of the technology company’s stock after selling 197,245 shares during the quarter. ING Groep NV owned approximately 0.06% of Match Group worth $5,812,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MTCH. Venturi Wealth Management LLC boosted its stake in Match Group by 617.3% in 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 in the last quarter. Quarry LP grew its holdings 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 acquiring an additional 461 shares during the last quarter. Mather Group LLC. increased its position 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 acquiring an additional 794 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Match Group by 433.5% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after acquiring an additional 1,500 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of Match Group during the second quarter valued at approximately $61,000. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Performance

MTCH stock opened at $30.71 on Friday. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $42.42. The company’s 50-day simple moving average is $36.26 and its 200 day simple moving average is $33.95. The company has a market capitalization of $7.92 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 0.85 and a beta of 1.51.

Analysts Set New Price Targets

MTCH has been the topic of several research reports. The Goldman Sachs Group upped their price objective on Match Group from $39.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada cut their price target on Match Group from $47.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Morgan Stanley lowered their price objective on Match Group from $36.00 to $33.00 and set an “equal weight” rating for the company in a research report on Tuesday. Wells Fargo & Company cut 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 report on Tuesday, October 8th. Finally, StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.