MBB Public Markets I LLC Invests $312,000 in Match Group Inc. $MTCH

Key Points

• MBB Public Markets I LLC has invested approximately $312,000 in Match Group Inc., acquiring 10,010 shares in the process.
• Analysts have varied opinions on Match Group, with target prices ranging from $28.00 to $38.00, and the stock currently holds an average rating of "Hold."
• The company announced a quarterly dividend of $0.19 per share, with a yield of 2.0%, payable on October 17th.

MBB Public Markets I LLC purchased a new position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,010 shares of the technology company's stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Match Group during the 1st quarter worth approximately $37,000. SVB Wealth LLC acquired a new stake in Match Group in the 1st quarter valued at approximately $49,000. Summit Securities Group LLC acquired a new stake in Match Group in the 1st quarter valued at approximately $54,000. Mather Group LLC. increased its position in Match Group by 130.1% in the 1st quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock valued at $79,000 after acquiring an additional 1,434 shares during the period. Finally, CX Institutional acquired a new stake in Match Group in the 1st quarter valued at approximately $103,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. 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 report on Friday, June 27th. Wall Street Zen cut Match Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. JPMorgan Chase & Co. raised their target price on Match Group from $28.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Evercore ISI raised their target price on Match Group from $32.00 to $38.00 and gave the company an "in-line" rating in a research report on Wednesday, August 6th. Finally, UBS Group raised their target price on Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Five analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $35.44.

Match Group Stock Performance

Shares of MTCH stock opened at $37.90 on Thursday. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $39.20. The stock has a market cap of $9.12 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 0.76 and a beta of 1.36. The business's fifty day moving average is $35.39 and its 200-day moving average is $32.07.

Match Group Dividend Announcement

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

Insider Transactions at Match Group

In other news, Director Ann Mcdaniel sold 5,423 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total transaction of $203,796.34. Following the completion of the sale, the director directly owned 21,926 shares of the company's stock, valued at $823,979.08. This trade represents a 19.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen Bailey sold 12,500 shares of the firm's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $36.72, for a total value of $459,000.00. Following the sale, the director directly owned 8,058 shares of the company's stock, valued at approximately $295,889.76. This represents a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,454 shares of company stock valued at $907,839 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

About Match Group

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.

Want to see what other hedge funds are holding MTCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Match Group Inc. (NASDAQ:MTCH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.