252,200 Shares in Match Group, Inc. (NASDAQ:MTCH) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. acquired a new stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 252,200 shares of the technology company's stock, valued at approximately $8,249,000. Polar Asset Management Partners Inc. owned about 0.10% of Match Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Match Group by 94.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company's stock valued at $1,947,000 after acquiring an additional 28,884 shares during the last quarter. Pacer Advisors Inc. increased its position in Match Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock valued at $211,818,000 after acquiring an additional 939,078 shares during the last quarter. Penn Davis Mcfarland Inc. increased its position in Match Group by 1.8% during the fourth quarter. Penn Davis Mcfarland Inc. now owns 478,913 shares of the technology company's stock valued at $15,665,000 after acquiring an additional 8,414 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Match Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock valued at $87,267,000 after acquiring an additional 69,947 shares during the last quarter. Finally, Truist Financial Corp purchased a new stake in Match Group during the fourth quarter valued at $250,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Match Group Trading Up 1.3%

Shares of NASDAQ:MTCH traded up $0.39 during mid-day trading on Wednesday, reaching $29.81. The stock had a trading volume of 2,119,478 shares, compared to its average volume of 4,905,546. The company has a market cap of $7.46 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84. The business's 50 day moving average price is $29.74 and its 200 day moving average price is $31.71.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors 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 dividend on an annualized basis and a dividend yield of 2.55%. Match Group's dividend payout ratio is currently 37.62%.

Insider Buying and Selling at Match Group

In related news, CEO Spencer M. Rascoff acquired 70,885 shares of the firm's stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the completion of the transaction, the chief executive officer now directly owns 137,478 shares in the company, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Gary Swidler sold 242,209 shares of the company's stock in a transaction that occurred 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 sale, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. This trade 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

Several analysts have issued reports on MTCH shares. Wells Fargo & Company cut their price target on Match Group from $32.00 to $31.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. StockNews.com lowered Match Group from a "buy" rating to a "hold" rating in a report on Saturday. Evercore ISI reissued an "in-line" rating and set a $32.00 price target on shares of Match Group in a report on Wednesday. Morgan Stanley cut their price target on Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Finally, Bank of America cut their price target on Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $35.91.

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.