24,989 Shares in Match Group Inc. $MTCH Purchased by Foster & Motley Inc.

Foster & Motley Inc. acquired a new position in Match Group Inc. (NASDAQ:MTCH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 24,989 shares of the technology company’s stock, valued at approximately $772,000.

Several other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in Match Group by 17.4% in the 1st quarter. Ameriprise Financial Inc. now owns 12,321,485 shares of the technology company’s stock worth $384,808,000 after buying an additional 1,822,362 shares during the last quarter. Invesco Ltd. boosted its holdings in Match Group by 64.2% in the 1st quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company’s stock worth $298,451,000 after buying an additional 3,738,509 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Match Group by 10.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,573,084 shares of the technology company’s stock worth $173,880,000 after buying an additional 506,763 shares during the last quarter. Nuveen LLC acquired a new stake in Match Group in the 1st quarter worth about $142,281,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Match Group by 3.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,765,162 shares of the technology company’s stock worth $86,273,000 after buying an additional 97,255 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on MTCH. Susquehanna lifted their price objective on Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a report on Wednesday, October 8th. UBS Group boosted their target price on Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI boosted their target price on Match Group from $32.00 to $38.00 and gave the stock an “in-line” rating in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.44.

Match Group Price Performance

Shares of Match Group stock opened at $32.43 on Monday. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20. The stock has a market cap of $7.80 billion, a P/E ratio of 15.98, a P/E/G ratio of 0.64 and a beta of 1.38. The stock’s 50 day simple moving average is $36.24 and its 200-day simple moving average is $32.79.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a $0.19 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%. Match Group’s dividend payout ratio is currently 37.44%.

Insider Activity at Match Group

In related news, Director Stephen Bailey sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $36.72, for a total value of $459,000.00. Following the transaction, the director directly owned 8,058 shares in the company, valued at approximately $295,889.76. This represents a 60.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mcdaniel sold 5,423 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the transaction, the director owned 21,926 shares in the company, valued at $823,979.08. This represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,454 shares of company stock worth $907,839. Insiders own 0.64% of the company’s stock.

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.