Marathon Trading Investment Management LLC Has $406,000 Position in Match Group Inc. $MTCH

Key Points

• Marathon Trading Investment Management LLC reduced its stake in Match Group Inc. by 36.5%, holding 13,000 shares worth approximately $406,000 as of its latest SEC filing.
• Match Group recently announced a quarterly dividend of $0.19 per share, which will be paid on October 17th, with a yield of 2.0% based on an annualized dividend of $0.76.
• Major analysts have adjusted their target prices for Match Group, with a consensus price target of $35.44 and a majority rating of "Hold" from 16 analysts.

Marathon Trading Investment Management LLC lessened its stake in Match Group Inc. (NASDAQ:MTCH - Free Report) by 36.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the technology company's stock after selling 7,472 shares during the period. Marathon Trading Investment Management LLC's holdings in Match Group were worth $406,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the company. Starboard Value LP grew its holdings in Match Group by 53.4% in the fourth quarter. Starboard Value LP now owns 14,656,970 shares of the technology company's stock valued at $479,429,000 after purchasing an additional 5,100,824 shares during the period. Nuveen LLC purchased a new stake in Match Group during the 1st quarter worth approximately $142,281,000. Invesco Ltd. grew its holdings in Match Group by 64.2% during the 1st quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company's stock worth $298,451,000 after acquiring an additional 3,738,509 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Match Group by 24.2% in the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock valued at $343,427,000 after buying an additional 2,042,677 shares during the last quarter. Finally, Wolf Hill Capital Management LP purchased a new stake in Match Group in the 4th quarter valued at $44,514,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Match Group Price Performance

Shares of NASDAQ MTCH traded down $0.38 during mid-day trading on Friday, hitting $38.28. The company had a trading volume of 3,219,524 shares, compared to its average volume of 5,127,203. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $39.20. The firm has a market cap of $9.21 billion, a P/E ratio of 18.86, a PEG ratio of 0.76 and a beta of 1.36. The business's 50-day simple moving average is $33.05 and its 200-day simple moving average is $31.65.

Match Group Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have issued reports on MTCH. JPMorgan Chase & Co. boosted their target price on Match Group from $28.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered Match Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. UBS Group raised their target price 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. Stifel Nicolaus reduced their target price on shares of Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Finally, Susquehanna increased their target price on Match Group from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $35.44.

Insider Activity at Match Group

In other Match Group news, Director Stephen Bailey sold 12,500 shares of Match Group stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $36.72, for a total transaction of $459,000.00. Following the completion of the transaction, the director directly owned 8,058 shares of the company's stock, valued at approximately $295,889.76. This trade represents a 60.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.64% of the company's stock.

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.