Callan Family Office LLC Purchases New Holdings in Match Group Inc. $MTCH

Callan Family Office LLC bought a new position in Match Group Inc. (NASDAQ:MTCH) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,416 shares of the technology company’s stock, valued at approximately $229,000.

Several other large investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Match Group by 79.2% during the 1st quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company’s stock valued at $289,000 after acquiring an additional 4,090 shares in the last quarter. SG Americas Securities LLC boosted its position in Match Group by 104.0% during the first quarter. SG Americas Securities LLC now owns 23,354 shares of the technology company’s stock valued at $729,000 after purchasing an additional 614,561 shares during the last quarter. Fifth Third Bancorp grew its stake in Match Group by 11.2% in the first quarter. Fifth Third Bancorp now owns 6,376 shares of the technology company’s stock valued at $199,000 after purchasing an additional 640 shares in the last quarter. QRG Capital Management Inc. increased its position in Match Group by 34.0% in the 1st quarter. QRG Capital Management Inc. now owns 15,897 shares of the technology company’s stock worth $496,000 after purchasing an additional 4,035 shares during the last quarter. Finally, Clarius Group LLC purchased a new stake in shares of Match Group during the 1st quarter worth about $261,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on MTCH shares. 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 report on Friday, June 27th. 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 report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Evercore ISI upped their price objective on shares of Match Group from $32.00 to $38.00 and gave the stock an “in-line” rating in a report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Match Group currently has an average rating of “Hold” and an average target price of $35.44.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $32.35 on Friday. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 0.65 and a beta of 1.38. The company has a 50 day moving average of $36.32 and a 200-day moving average of $32.76. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 3rd. Match Group’s dividend payout ratio (DPR) is currently 37.44%.

Insider Buying and Selling at Match Group

In other news, Director Stephen Bailey sold 12,500 shares of Match Group stock in a transaction that occurred on Thursday, August 7th. The shares were 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 in the company, valued at $295,889.76. This trade represents a 60.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mcdaniel sold 5,423 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the transaction, the director owned 21,926 shares of the company’s stock, valued at approximately $823,979.08. This represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,454 shares of company stock worth $907,839. Corporate insiders own 0.64% of the company’s stock.

Match Group 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.