Intech Investment Management LLC Takes $3.25 Million Position in Match Group Inc. $MTCH

Intech Investment Management LLC acquired a new stake in Match Group Inc. (NASDAQ:MTCHFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 100,511 shares of the technology company’s stock, valued at approximately $3,246,000.

Other hedge funds have also made changes to their positions in the company. Advisory Services Network LLC acquired a new stake in shares of Match Group during the 3rd quarter worth about $28,000. Activest Wealth Management increased its position in shares of Match Group by 6,523.1% during the 4th quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after purchasing an additional 848 shares in the last quarter. Rossby Financial LCC increased its position in shares of Match Group by 126.5% during the 3rd quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock worth $31,000 after purchasing an additional 506 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Match Group during the 4th quarter worth about $38,000. Finally, Wexford Capital LP acquired a new stake in shares of Match Group during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity at Match Group

In related news, Director Melissa Anne Brenner sold 5,141 shares of Match Group stock in a transaction 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 completion of the sale, the director directly owned 16,218 shares of the company’s stock, valued at $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on MTCH. Truist Financial set a $37.00 target price on shares of Match Group in a research report on Wednesday, May 6th. UBS Group raised their price objective on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Piper Sandler set a $51.00 price objective on shares of Match Group in a research report on Wednesday, May 6th. Citigroup raised their price objective on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price objective on shares of Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.07.

Get Our Latest Stock Analysis on MTCH

Match Group Trading Up 1.7%

Shares of NASDAQ MTCH opened at $36.76 on Tuesday. The firm has a market capitalization of $8.57 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.36. Match Group Inc. has a 1 year low of $28.81 and a 1 year high of $39.20. The firm’s 50-day moving average is $34.46 and its 200-day moving average is $32.80.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Match Group’s payout ratio is 30.53%.

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.

Further Reading

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

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