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LSV Asset Management Has $52.40 Million Stock Holdings in Match Group Inc. (NASDAQ:MTCH)

Match Group logo with Computer and Technology background

Key Points

  • LSV Asset Management increased its stake in Match Group Inc. by 126.1%, now owning 1,679,575 shares valued at approximately $52.4 million.
  • Match Group recently announced a quarterly dividend of $0.19 per share, yielding 2.3%, with a payout ratio of 37.62%.
  • Several research firms downgraded Match Group's stock rating, with the average target price now at $34.95 and most analysts rating it as a "hold."
  • Five stocks to consider instead of Match Group.

LSV Asset Management increased its holdings in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 126.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,679,575 shares of the technology company's stock after acquiring an additional 936,753 shares during the period. LSV Asset Management owned about 0.67% of Match Group worth $52,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTCH. NBC Securities Inc. bought a new position in shares of Match Group during the first quarter valued at $37,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Match Group during the 4th quarter worth about $43,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Match Group by 30,240.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock valued at $50,000 after purchasing an additional 1,512 shares during the last quarter. Mather Group LLC. lifted its holdings in 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 purchasing an additional 1,434 shares during the last quarter. Finally, CX Institutional acquired a new position in Match Group in the first quarter valued at about $103,000. Institutional investors own 94.05% of the company's stock.

Insider Activity at Match Group

In related news, CEO Spencer M. Rascoff purchased 70,885 shares of the stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $28.05 per share, with a total value of $1,988,324.25. Following the purchase, the chief executive officer directly owned 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.64% of the stock is currently owned by company insiders.

Match Group Stock Performance

Shares of MTCH stock opened at $33.60 on Friday. The firm's 50 day moving average price is $31.86 and its two-hundred day moving average price is $31.47. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $38.77. The stock has a market cap of $8.41 billion, a PE ratio of 16.63, a PEG ratio of 0.74 and a beta of 1.36.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. Match Group's payout ratio is 37.62%.

Analyst Ratings Changes

Several research firms have recently weighed in on MTCH. Wall Street Zen cut shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Stifel Nicolaus cut their price objective on Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Morgan Stanley reduced their price objective on Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company raised their target price on Match Group from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Finally, Citigroup reduced their price target on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $34.95.

Check Out Our Latest Research Report on Match Group

About Match Group

(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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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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