State of New Jersey Common Pension Fund D trimmed its position in Match Group, Inc. (NASDAQ:MTCH – Free Report) by 6.2% during the third quarter, Holdings Channel.com reports. The firm owned 93,940 shares of the technology company’s stock after selling 6,204 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Match Group were worth $3,555,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Sumitomo Life Insurance Co. raised its stake in Match Group by 2.9% in the third quarter. Sumitomo Life Insurance Co. now owns 10,647 shares of the technology company’s stock valued at $403,000 after buying an additional 297 shares in the last quarter. Fulton Bank N.A. raised its position in shares of Match Group by 3.1% during the 3rd quarter. Fulton Bank N.A. now owns 10,006 shares of the technology company’s stock worth $379,000 after acquiring an additional 299 shares in the last quarter. Prestige Wealth Management Group LLC lifted its stake in Match Group by 8.9% during the second quarter. Prestige Wealth Management Group LLC now owns 4,375 shares of the technology company’s stock worth $133,000 after purchasing an additional 357 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Match Group by 1.5% in the third 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. Finally, Quarry LP increased its stake in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after purchasing an additional 461 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.
Match Group Price Performance
MTCH opened at $30.88 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 $7.96 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.63 and a beta of 1.51. The business has a 50 day simple moving average of $36.59 and a 200-day simple moving average of $33.99.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on MTCH
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.
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