Quantinno Capital Management LP raised its holdings in Match Group Inc. (NASDAQ:MTCH – Free Report) by 156.1% in the first quarter, Holdings Channel reports. The firm owned 2,767,251 shares of the technology company’s stock after purchasing an additional 1,686,887 shares during the period. Quantinno Capital Management LP’s holdings in Match Group were worth $84,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the business. Advisory Services Network LLC bought a new stake in shares of Match Group during the 3rd quarter worth $28,000. Activest Wealth Management boosted its holdings in shares of Match Group by 6,523.1% in the 4th quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after buying an additional 848 shares during the last quarter. Whittier Trust Co. grew its position in Match Group by 91.3% during the first quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock valued at $29,000 after buying an additional 431 shares during the period. Parkside Financial Bank & Trust grew its position in Match Group by 53.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after buying an additional 356 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Match Group during the fourth quarter worth about $38,000. 94.05% of the stock is owned by hedge funds and other institutional investors.
Match Group Stock Performance
Shares of MTCH opened at $39.28 on Wednesday. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $41.03. The business has a 50-day moving average of $36.85 and a 200 day moving average of $34.02. The firm has a market cap of $9.16 billion, a P/E ratio of 14.99, a price-to-earnings-growth ratio of 0.62 and a beta of 1.30.
Match Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Match Group’s payout ratio is 30.53%.
Insider Activity
In related news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were 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. This represents a 24.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several analysts have commented on MTCH shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Match Group in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Match Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. TD Cowen raised their price target on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Royal Bank Of Canada lifted their price target on shares of Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley upped their price objective on Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.29.
View Our Latest Analysis on Match Group
Match Group Profile
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.
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