New York Life Investment Management LLC decreased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH – Free Report) by 2.9% during the fourth quarter, HoldingsChannel reports. The firm owned 38,328 shares of the technology company’s stock after selling 1,163 shares during the period. New York Life Investment Management LLC’s holdings in Match Group were worth $1,399,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Boston Partners bought a new stake in shares of Match Group in the 3rd quarter valued at about $276,406,000. Wellington Management Group LLP boosted its stake in Match Group by 34.7% in the third quarter. Wellington Management Group LLP now owns 8,275,015 shares of the technology company’s stock valued at $324,174,000 after acquiring an additional 2,130,646 shares in the last quarter. Scharf Investments LLC purchased a new position in Match Group in the fourth quarter worth $31,526,000. Charles Schwab Investment Management Inc. increased its position in shares of Match Group by 47.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,415,658 shares of the technology company’s stock worth $94,633,000 after purchasing an additional 775,083 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Match Group by 237.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 929,700 shares of the technology company’s stock worth $36,421,000 after purchasing an additional 654,105 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.
Match Group Stock Performance
Shares of NASDAQ MTCH opened at $31.51 on Wednesday. The company has a market capitalization of $8.44 billion, a PE ratio of 13.82, a price-to-earnings-growth ratio of 0.51 and a beta of 1.43. The company’s fifty day moving average price is $33.77 and its 200 day moving average price is $34.34. Match Group, Inc. has a 1 year low of $27.85 and a 1 year high of $49.24.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Match Group
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.
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