Clarius Group LLC purchased a new position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,373 shares of the technology company's stock, valued at approximately $261,000.
Several other institutional investors have also recently made changes to their positions in MTCH. Metis Global Partners LLC raised its stake in Match Group by 3.0% in the 4th quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock worth $358,000 after acquiring an additional 318 shares during the last quarter. Cornerstone Investment Partners LLC increased its holdings in shares of Match Group by 2.2% in the fourth quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock valued at $520,000 after purchasing an additional 349 shares during the period. Assetmark Inc. raised its stake in shares of Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after purchasing an additional 378 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Match Group by 3.9% in the first quarter. Fulton Bank N.A. now owns 10,290 shares of the technology company's stock worth $321,000 after purchasing an additional 388 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in shares of Match Group by 1.8% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 23,149 shares of the technology company's stock worth $757,000 after purchasing an additional 415 shares during the period. Hedge funds and other institutional investors own 94.05% of the company's stock.
Match Group Stock Performance
NASDAQ:MTCH opened at $30.30 on Friday. The stock has a market capitalization of $7.59 billion, a PE ratio of 15.00, a P/E/G ratio of 0.69 and a beta of 1.35. Match Group Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $38.84. The company has a fifty day moving average of $29.85 and a two-hundred day moving average of $31.44.
Match Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, July 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.51%. Match Group's dividend payout ratio (DPR) is presently 37.62%.
Wall Street Analyst Weigh In
A number of research firms have issued reports on MTCH. Wells Fargo & Company reduced their price target on shares of Match Group from $32.00 to $31.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Bank of America reduced their target price on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Citigroup cut their price target on Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price objective on Match Group from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $35.91.
Check Out Our Latest Analysis on Match Group
Insider Activity at Match Group
In other news, CEO Spencer M. Rascoff acquired 70,885 shares of the business's stock in a transaction on Friday, May 9th. The stock was bought at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the purchase, the chief executive officer now owns 137,478 shares in the company, valued at approximately $3,856,257.90. This represents a 106.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.
Match Group Company 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.
Further Reading
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