LSV Asset Management increased its position in Match Group Inc. (NASDAQ:MTCH – Free Report) by 18.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,644,584 shares of the technology company’s stock after buying an additional 873,804 shares during the period. LSV Asset Management owned 2.39% of Match Group worth $182,264,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Match Group in the 3rd quarter valued at about $27,000. Advisory Services Network LLC acquired a new stake in shares of Match Group in the 3rd quarter valued at about $28,000. Activest Wealth Management grew its stake 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 valued at $28,000 after buying an additional 848 shares during the period. Rossby Financial LCC grew its stake in shares of Match Group by 126.5% in the 3rd quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after buying an additional 506 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Match Group in the 4th quarter valued at about $38,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Match Group
In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of Match Group 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 transaction, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. This trade represents a 24.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by corporate insiders.
Match Group Stock Performance
Match Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid 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 yield of 2.2%. Match Group’s payout ratio is 30.53%.
Analyst Upgrades and Downgrades
MTCH has been the subject of several research reports. UBS Group raised their target price on Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. TD Cowen lifted their price target on Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Wells Fargo & Company lifted their price target on Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $43.00 price target on shares of Match Group in a research note on Wednesday, May 6th. Finally, Morgan Stanley lifted their price target 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 issued a Hold rating to the stock. According to data from MarketBeat.com, Match Group presently has an average rating of “Hold” and a consensus target price of $41.07.
Check Out Our Latest Stock Analysis on Match Group
Match Group Company 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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