Strategic Wealth Partners Ltd. Grows Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Strategic Wealth Partners Ltd. boosted its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 152.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 164,379 shares of the technology company's stock after acquiring an additional 99,339 shares during the quarter. Strategic Wealth Partners Ltd. owned 0.07% of Match Group worth $5,591,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its holdings in Match Group by 24.2% during the fourth quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock valued at $343,427,000 after purchasing an additional 2,042,677 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Match Group by 17.0% during the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock worth $211,818,000 after purchasing an additional 939,078 shares during the last quarter. Invesco Ltd. lifted its stake in Match Group by 25.3% in the 4th quarter. Invesco Ltd. now owns 5,827,217 shares of the technology company's stock valued at $190,608,000 after buying an additional 1,174,889 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in 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, Edmond DE Rothschild Holding S.A. boosted its holdings in Match Group by 11.0% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 5,467,257 shares of the technology company's stock worth $178,834,000 after buying an additional 541,556 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Transactions at Match Group

In other news, CEO Spencer M. Rascoff bought 70,885 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the purchase, the chief executive officer now owns 137,478 shares in the company, valued at approximately $3,856,257.90. The trade was a 106.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction dated 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 directly owns 1,690 shares of the company's stock, valued at approximately $55,533.40. This represents a 99.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

MTCH has been the subject of a number of research analyst reports. HSBC cut Match Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Citigroup lowered their target price on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Hsbc Global Res cut shares of Match Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Match Group from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $35.91.

Match Group Trading Down 0.8%

MTCH traded down $0.23 on Friday, hitting $29.23. The company had a trading volume of 962,607 shares, compared to its average volume of 5,055,811. The company's fifty day moving average price is $29.67 and its 200 day moving average price is $31.65. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84. The firm has a market cap of $7.32 billion, a P/E ratio of 14.47, a PEG ratio of 0.82 and a beta of 1.42.

Match Group Dividend Announcement

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

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.