Match Group Inc. $MTCH Shares Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC grew its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 11.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,211 shares of the technology company’s stock after acquiring an additional 1,531 shares during the period. AdvisorShares Investments LLC’s holdings in Match Group were worth $470,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MTCH. MassMutual Private Wealth & Trust FSB grew its holdings in Match Group by 56.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock worth $31,000 after acquiring an additional 362 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Match Group in the 1st quarter worth about $49,000. Summit Securities Group LLC bought a new position in shares of Match Group in the 1st quarter worth about $54,000. Harbour Investments Inc. lifted its position in shares of Match Group by 28.0% in the 2nd quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after buying an additional 446 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Match Group by 18.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock worth $77,000 after buying an additional 390 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Match Group

In other news, Director Ann Mcdaniel sold 5,423 shares of Match Group 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 transaction, the director owned 21,926 shares of the company’s stock, valued at $823,979.08. The trade was a 19.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Philip D. Eigenmann sold 6,531 shares of Match Group stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total transaction of $245,043.12. Following the completion of the transaction, the chief accounting officer directly owned 23,240 shares in the company, valued at $871,964.80. This represents a 21.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,454 shares of company stock valued at $907,839 in the last quarter. Insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MTCH. Morgan Stanley reduced their price target on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. Susquehanna boosted their price target on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Finally, UBS Group boosted their price target on shares of Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Five analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $35.56.

Match Group Price Performance

Shares of MTCH opened at $32.30 on Friday. The firm’s 50 day moving average is $35.39 and its 200-day moving average is $33.04. The stock has a market capitalization of $7.77 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.63 and a beta of 1.38. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.4%. Match Group’s payout ratio is currently 37.44%.

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.