Teza Capital Management LLC Has $1.40 Million Position in Match Group, Inc. (NASDAQ:MTCH)

Teza Capital Management LLC raised its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 443.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,708 shares of the technology company's stock after acquiring an additional 34,843 shares during the quarter. Teza Capital Management LLC's holdings in Match Group were worth $1,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MTCH. Starboard Value LP grew its stake in Match Group by 53.4% during the 4th quarter. Starboard Value LP now owns 14,656,970 shares of the technology company's stock valued at $479,429,000 after acquiring an additional 5,100,824 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in Match Group by 716.8% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock valued at $171,889,000 after acquiring an additional 4,611,598 shares in the last quarter. Norges Bank bought a new stake in shares of Match Group in the 4th quarter valued at approximately $112,176,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Match Group by 110.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock valued at $183,968,000 after buying an additional 2,952,470 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Match Group Stock Performance

Shares of MTCH traded down $0.24 during mid-day trading on Friday, hitting $29.21. The company's stock had a trading volume of 3,248,511 shares, compared to its average volume of 4,919,370. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84. The firm has a market capitalization of $7.32 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. The stock's 50-day moving average is $29.63 and its two-hundred day moving average is $31.55.

Match Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.60%. Match Group's dividend payout ratio is 37.62%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MTCH shares. Stifel Nicolaus lowered their price target on Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Citigroup lowered their price target on Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. lowered their price target on Match Group from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. UBS Group lowered their price target on Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Hsbc Global Res cut Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $35.91.

Insider Activity

In other news, CEO Spencer M. Rascoff bought 70,885 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the completion of the purchase, the chief executive officer now owns 137,478 shares of the company's stock, valued at $3,856,257.90. This trade represents a 106.45% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Gary Swidler sold 242,209 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the transaction, the president now owns 1,690 shares of the company's stock, valued at $55,533.40. The trade was a 99.31% decrease in their ownership of the stock. 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.