Landscape Capital Management L.L.C. Acquires New Position in Match Group Inc. $MTCH

Key Points

• Landscape Capital Management L.L.C. has invested approximately $999,000 in Match Group Inc., purchasing 32,009 shares in the company's first quarter.
• Match Group recently announced a quarterly dividend of $0.19 per share, with a yield of 2.0%, set to be paid on October 17th.
• Several analysts have updated their price targets for Match Group, with UBS raising it from $31.00 to $35.00, while others have set targets ranging from $30.00 to $46.00.

Landscape Capital Management L.L.C. purchased a new stake in Match Group Inc. (NASDAQ:MTCH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,009 shares of the technology company's stock, valued at approximately $999,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MTCH. Northern Trust Corp increased its stake in shares of Match Group by 12.1% in the 4th quarter. Northern Trust Corp now owns 2,533,468 shares of the technology company's stock valued at $82,870,000 after purchasing an additional 273,349 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Match Group by 64.0% in the 4th quarter. AQR Capital Management LLC now owns 535,113 shares of the technology company's stock valued at $17,504,000 after purchasing an additional 208,892 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Match Group by 225.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 24,102 shares of the technology company's stock valued at $788,000 after purchasing an additional 16,698 shares in the last quarter. Comerica Bank increased its stake in shares of Match Group by 61.0% in the 4th quarter. Comerica Bank now owns 54,715 shares of the technology company's stock valued at $1,790,000 after purchasing an additional 20,740 shares in the last quarter. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Match Group in the 4th quarter valued at about $602,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on Match Group from $28.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Wall Street Zen cut Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Wells Fargo & Company upped their price target on Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Citigroup decreased their price target on Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Susquehanna upped their price target on Match Group from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, Match Group presently has an average rating of "Hold" and a consensus price target of $35.44.

Match Group Price Performance

Match Group stock traded down $0.36 during mid-day trading on Tuesday, reaching $36.98. The company had a trading volume of 3,119,999 shares, compared to its average volume of 4,714,795. The stock's 50-day simple moving average is $34.48 and its 200-day simple moving average is $31.86. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $39.20. The company has a market capitalization of $8.90 billion, a P/E ratio of 18.22, a P/E/G ratio of 0.74 and a beta of 1.36.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, October 3rd. Match Group's dividend payout ratio (DPR) is 37.44%.

Insiders Place Their Bets

In other Match Group news, Director Stephen Bailey sold 12,500 shares of Match Group stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $36.72, for a total value of $459,000.00. Following the transaction, the director owned 8,058 shares in the company, valued at $295,889.76. This trade represents a 60.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $203,796.34. Following the completion of the transaction, the director owned 21,926 shares in the company, valued at approximately $823,979.08. This trade represents a 19.83% decrease in their position. The disclosure for this sale can be found here. 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.