AQR Capital Management LLC Has $22.88 Million Stock Holdings in Match Group Inc. $MTCH

Key Points

• AQR Capital Management LLC increased its shareholding in Match Group Inc. by 39.1%, now owning 744,439 shares valued at approximately $22.9 million.
• Match Group is set to distribute a quarterly dividend of $0.19 on October 17th, resulting in an annualized yield of 2.0%.
• Recent analyst ratings reflect a mix of opinions, with price targets for Match Group varying from $31.00 to $45.00, and a consensus average rating of "Hold."

AQR Capital Management LLC lifted its position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 39.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 744,439 shares of the technology company's stock after acquiring an additional 209,326 shares during the period. AQR Capital Management LLC owned approximately 0.30% of Match Group worth $22,877,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTCH. Stratos Wealth Partners LTD. lifted its stake in Match Group by 5.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 19,671 shares of the technology company's stock valued at $614,000 after purchasing an additional 939 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Match Group by 7.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,132 shares of the technology company's stock valued at $1,015,000 after purchasing an additional 2,429 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Match Group by 34.0% in the 1st quarter. QRG Capital Management Inc. now owns 15,897 shares of the technology company's stock valued at $496,000 after purchasing an additional 4,035 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 purchasing an additional 4,090 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Match Group by 9.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 553,599 shares of the technology company's stock valued at $17,272,000 after purchasing an additional 47,137 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Insider Transactions at Match Group

In other news, Director Ann Mcdaniel sold 5,423 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total transaction of $203,796.34. Following the completion of the sale, the director directly owned 21,926 shares in the company, valued at $823,979.08. This represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Philip D. Eigenmann sold 6,531 shares of the 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 sale, the chief accounting officer owned 23,240 shares of the company's stock, valued at approximately $871,964.80. This trade represents a 21.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,454 shares of company stock worth $907,839 over the last three months. 0.64% of the stock is owned by company insiders.

Match Group Price Performance

Shares of MTCH traded down $0.24 during trading hours on Friday, hitting $37.78. 1,890,016 shares of the stock were exchanged, compared to its average volume of 4,643,395. Match Group Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.20. The business has a 50-day moving average of $35.50 and a 200-day moving average of $32.11. The firm has a market capitalization of $9.09 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.0%. Match Group's dividend payout ratio is 37.44%.

Wall Street Analysts Forecast Growth

MTCH has been the subject of several research reports. Susquehanna increased their price objective on shares of Match Group from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Match Group from $28.00 to $33.00 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Wells Fargo & Company increased 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 note on Friday, June 27th. Evercore ISI raised their price target on shares of Match Group from $32.00 to $38.00 and gave the company an "in-line" rating in a research note on Wednesday, August 6th. Finally, UBS Group raised their price target on shares of Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Five research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $35.44.

Match Group 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.