iA Global Asset Management Inc. Has $973,000 Stock Holdings in Match Group Inc. $MTCH

iA Global Asset Management Inc. boosted its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 116.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 31,503 shares of the technology company’s stock after buying an additional 16,955 shares during the quarter. iA Global Asset Management Inc.’s holdings in Match Group were worth $973,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in Match Group by 56.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after purchasing an additional 362 shares during the last quarter. SVB Wealth LLC acquired a new position in Match Group during the first quarter valued at approximately $49,000. Summit Securities Group LLC acquired a new position in Match Group during the first quarter valued at approximately $54,000. Harbour Investments Inc. boosted its position in Match Group by 28.0% during the second quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock valued at $63,000 after purchasing an additional 446 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in Match Group by 18.5% during the second quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock valued at $77,000 after purchasing an additional 390 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Morgan Stanley dropped their price objective on Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, October 20th. Susquehanna upped their price objective on Match Group from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Evercore ISI upped their price objective on Match Group from $32.00 to $38.00 and gave the company an “in-line” rating in a research note on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a research note on Wednesday, October 8th. Finally, UBS Group upped their price objective on Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Five research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, Match Group currently has a consensus rating of “Hold” and a consensus target price of $35.56.

Match Group Trading Up 0.5%

Shares of NASDAQ MTCH opened at $32.50 on Tuesday. The firm has a market cap of $7.82 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 0.63 and a beta of 1.38. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20. The business’s 50 day moving average is $35.19 and its 200-day moving average is $33.15.

Insider Transactions at Match Group

In other news, Director Stephen Bailey sold 12,500 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $36.72, for a total transaction of $459,000.00. Following the transaction, the director owned 8,058 shares in the company, valued at approximately $295,889.76. This trade represents a 60.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Philip D. Eigenmann sold 6,531 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total value of $245,043.12. Following the transaction, the chief accounting officer owned 23,240 shares in the company, valued at approximately $871,964.80. This trade represents a 21.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 24,454 shares of company stock worth $907,839. Company insiders own 0.64% of the company’s stock.

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.