Deprince Race & Zollo Inc. raised its holdings in Match Group Inc. (NASDAQ:MTCH – Free Report) by 97.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,549,147 shares of the technology company’s stock after acquiring an additional 763,764 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Match Group were worth $47,574,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. iA Global Asset Management Inc. grew its position in shares of Match Group by 2.5% in the first quarter. iA Global Asset Management Inc. now owns 24,992 shares of the technology company’s stock valued at $768,000 after purchasing an additional 611 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in shares of Match Group by 24.0% in the first quarter. SJS Investment Consulting Inc. now owns 4,053 shares of the technology company’s stock valued at $124,000 after purchasing an additional 785 shares in the last quarter. waypoint wealth counsel lifted its holdings in shares of Match Group by 29.7% during the 1st quarter. waypoint wealth counsel now owns 9,833 shares of the technology company’s stock worth $302,000 after acquiring an additional 2,253 shares during the period. Apollon Wealth Management LLC bought a new position in Match Group during the first quarter worth about $244,000. Finally, Cornerstone Wealth Group LLC bought a new position in shares of Match Group during the 1st quarter worth approximately $214,000. Institutional investors own 94.05% of the company’s stock.
Match Group Price Performance
NASDAQ:MTCH opened at $38.25 on Thursday. Match Group Inc. has a one year low of $28.81 and a one year high of $39.20. The company has a market cap of $8.92 billion, a P/E ratio of 14.60, a P/E/G ratio of 0.61 and a beta of 1.30. The firm’s fifty day moving average price is $35.98 and its two-hundred day moving average price is $33.20.
Match Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s dividend payout ratio (DPR) is currently 30.53%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on MTCH shares. Wall Street Zen upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Weiss Ratings upgraded shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. TD Cowen increased their price target on shares of Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Piper Sandler set a $51.00 price objective on Match Group in a research note on Wednesday, May 6th. Finally, Truist Financial set a $37.00 target price on shares of Match Group in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on 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 Report on MTCH
Insider Transactions at Match Group
In related 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 sale, the director directly owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. The trade was a 24.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.
About Match Group
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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