Capital Fund Management S.A. Has $2.28 Million Stake in Match Group Inc. $MTCH

Key Points

• Capital Fund Management S.A. significantly increased its stake in Match Group Inc. by 7,211.7% in the 1st quarter, acquiring a total of 73,117 shares valued at approximately $2.28 million.
• Various institutional investors, including NBC Securities and Summit Securities Group, have also acquired new stakes in Match Group during the same period, showing strong interest in the company.
• Match Group announced a quarterly dividend of $0.19 payable on October 17th, representing an annualized dividend yield of 2.0%.

Capital Fund Management S.A. lifted its position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 7,211.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,117 shares of the technology company's stock after acquiring an additional 72,117 shares during the quarter. Capital Fund Management S.A.'s holdings in Match Group were worth $2,281,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Match Group during the 1st quarter valued at $37,000. Summit Securities Group LLC acquired a new stake in shares of Match Group during the 1st quarter valued at $54,000. Mather Group LLC. boosted its holdings in shares of Match Group by 130.1% during the 1st 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 in the last quarter. CX Institutional acquired a new position in Match Group during the 1st quarter worth about $103,000. Finally, Assetmark Inc. lifted its holdings in Match Group by 14.1% during the 1st quarter. Assetmark Inc. now owns 3,464 shares of the technology company's stock worth $108,000 after buying an additional 429 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Buying and Selling

In related news, 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 value of $459,000.00. Following the completion of the sale, the director directly owned 8,058 shares of the company's stock, valued at $295,889.76. The trade was a 60.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on MTCH shares. Citigroup cut their target price on Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. UBS Group lifted their target price on Match Group from $31.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their target price on Match Group from $28.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Evercore ISI lifted their target price on Match Group from $32.00 to $38.00 and gave the stock an "in-line" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen downgraded Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Five research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $35.44.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $37.30 on Monday. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 0.74 and a beta of 1.36. The business's 50-day moving average is $33.67 and its 200-day moving average is $31.72. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $39.20.

Match Group Dividend Announcement

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

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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