Aberdeen Group plc Buys 14,314 Shares of Match Group Inc. $MTCH

Key Points

• Aberdeen Group plc increased its stake in Match Group Inc. by 72.7%, acquiring an additional 14,314 shares to own a total of 33,990 shares worth approximately $1,050,000.
• Multiple institutional investors have also raised their positions in Match Group, with GAMMA Investing LLC increasing its stake by 79.2% and SG Americas Securities LLC by 104.0% in the first quarter.
• Match Group declared a quarterly dividend of $0.19 per share, with a dividend yield of 2.3%, reflecting a payout ratio of 37.44% as of its latest SEC filing.

Aberdeen Group plc raised its stake in Match Group Inc. (NASDAQ:MTCH - Free Report) by 72.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,990 shares of the technology company's stock after purchasing an additional 14,314 shares during the period. Aberdeen Group plc's holdings in Match Group were worth $1,050,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MTCH. GAMMA Investing LLC increased its position in Match Group by 79.2% in the 1st quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company's stock valued at $289,000 after buying an additional 4,090 shares in the last quarter. SG Americas Securities LLC grew its stake in Match Group by 104.0% in the first quarter. SG Americas Securities LLC now owns 23,354 shares of the technology company's stock valued at $729,000 after acquiring an additional 614,561 shares during the period. QRG Capital Management Inc. grew its stake in Match Group by 34.0% in the first quarter. QRG Capital Management Inc. now owns 15,897 shares of the technology company's stock valued at $496,000 after acquiring an additional 4,035 shares during the period. Clarius Group LLC bought a new stake in shares of Match Group during the first quarter valued at approximately $261,000. Finally, State of Alaska Department of Revenue raised its position in shares of Match Group by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 179,405 shares of the technology company's stock worth $5,597,000 after purchasing an additional 775 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Analyst Ratings Changes

MTCH has been the subject of several research reports. Wells Fargo & Company lifted their price target on shares of Match Group from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. UBS Group lifted their price objective on shares of Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Weiss Ratings reissued a "hold (c)" rating on shares of Match Group in a research report on Wednesday, October 8th. Evercore ISI upped their target price on shares of Match Group from $32.00 to $38.00 and gave the stock an "in-line" rating in a report on Wednesday, August 6th. Finally, Susquehanna raised their price target on shares of Match Group from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company's stock. According to MarketBeat.com, Match Group presently has an average rating of "Hold" and a consensus target price of $35.44.

Match Group Stock Performance

Shares of MTCH stock opened at $32.43 on Friday. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $39.20. The company has a 50-day simple moving average of $36.24 and a two-hundred day simple moving average of $32.76. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.64 and a beta of 1.38.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, October 3rd. Match Group's dividend payout ratio (DPR) is presently 37.44%.

Insider Buying and Selling

In other news, CAO Philip D. Eigenmann sold 6,531 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total transaction of $245,043.12. Following the completion of the sale, the chief accounting officer directly owned 23,240 shares of the company's stock, valued at $871,964.80. This trade represents a 21.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen Bailey sold 12,500 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $36.72, for a total transaction of $459,000.00. Following the completion of the transaction, the director directly owned 8,058 shares in the company, valued at $295,889.76. This trade represents a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,454 shares of company stock worth $907,839. 0.64% of the stock is owned by company insiders.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.

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