Tikvah Management LLC Reduces Stock Position in Match Group Inc. $MTCH

Tikvah Management LLC cut its holdings in Match Group Inc. (NASDAQ:MTCHFree Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 313,200 shares of the technology company’s stock after selling 60,000 shares during the period. Match Group accounts for approximately 2.7% of Tikvah Management LLC’s portfolio, making the stock its 10th biggest holding. Tikvah Management LLC’s holdings in Match Group were worth $10,113,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Bollard Group LLC increased its stake in shares of Match Group by 0.6% in the third quarter. Bollard Group LLC now owns 54,875 shares of the technology company’s stock worth $1,938,000 after purchasing an additional 317 shares during the period. True Wealth Design LLC increased its stake in shares of Match Group by 12.8% in the fourth quarter. True Wealth Design LLC now owns 2,813 shares of the technology company’s stock worth $91,000 after purchasing an additional 320 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Match Group by 8.2% in the second quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after purchasing an additional 326 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Match Group by 53.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after purchasing an additional 356 shares during the period. Finally, Mather Group LLC. increased its stake in shares of Match Group by 6.0% in the fourth quarter. Mather Group LLC. now owns 6,477 shares of the technology company’s stock worth $209,000 after purchasing an additional 364 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wells Fargo & Company lifted their price objective on Match Group from $30.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Truist Financial set a $37.00 price objective on Match Group in a research note on Wednesday, May 6th. Morgan Stanley lifted their target price on Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Citigroup upped their price target on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Piper Sandler set a $51.00 price target on Match Group in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Match Group presently has a consensus rating of “Hold” and an average price target of $41.07.

Read Our Latest Report on MTCH

Match Group Stock Performance

MTCH opened at $34.89 on Monday. The stock has a market cap of $8.14 billion, a PE ratio of 13.32, a P/E/G ratio of 0.56 and a beta of 1.33. Match Group Inc. has a 1 year low of $28.81 and a 1 year high of $39.20. The stock’s 50 day simple moving average is $35.18 and its 200-day simple moving average is $32.96.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Match Group’s payout ratio is currently 30.53%.

Insider Activity

In other news, Director Melissa Anne Brenner sold 5,141 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the sale, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.71% of the company’s stock.

Match Group Company Profile

(Free Report)

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.

See Also

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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