Anson Funds Management LP lessened its holdings in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 28.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,072,879 shares of the technology company's stock after selling 432,801 shares during the quarter. Match Group comprises approximately 5.1% of Anson Funds Management LP's portfolio, making the stock its 2nd biggest holding. Anson Funds Management LP owned 0.43% of Match Group worth $33,474,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in Match Group during the first quarter worth about $37,000. SVB Wealth LLC bought a new position in shares of Match Group in the first quarter valued at approximately $49,000. Summit Securities Group LLC bought a new position in shares of Match Group in the first quarter valued at approximately $54,000. Mather Group LLC. boosted its position in shares of Match Group by 130.1% in the first quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock valued at $79,000 after acquiring an additional 1,434 shares during the period. Finally, CX Institutional bought a new position in shares of Match Group in the first quarter valued at approximately $103,000. Institutional investors own 94.05% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on MTCH shares. Susquehanna raised their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Match Group from $28.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. UBS Group raised their price objective on shares of Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Evercore ISI raised their price objective on shares of Match Group from $32.00 to $38.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company raised their price objective 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. Five analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $35.44.
Get Our Latest Analysis on MTCH
Insiders Place Their Bets
In related news, Director Ann Mcdaniel sold 5,423 shares of Match Group stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total value of $203,796.34. Following the transaction, the director directly owned 21,926 shares of the company's stock, valued at $823,979.08. The trade was a 19.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen Bailey sold 12,500 shares of Match Group stock in a transaction on 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 approximately $295,889.76. The trade was a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,454 shares of company stock valued at $907,839. 0.64% of the stock is currently owned by corporate insiders.
Match Group Trading Down 0.1%
Shares of MTCH stock traded down $0.03 during trading hours on Tuesday, hitting $37.44. 3,157,417 shares of the company's stock were exchanged, compared to its average volume of 3,256,887. The company has a market capitalization of $9.01 billion, a PE ratio of 18.44, a PEG ratio of 0.74 and a beta of 1.36. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The business's 50 day simple moving average is $35.81 and its 200-day simple moving average is $32.22.
Match Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.0%. Match Group's dividend payout ratio (DPR) is 37.44%.
Match Group Profile
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Free Report)
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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