Teacher Retirement System of Texas Purchases 6,376 Shares of Match Group Inc. $MTCH

Teacher Retirement System of Texas raised its holdings in Match Group Inc. (NASDAQ:MTCH) by 6.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,224 shares of the technology company’s stock after buying an additional 6,376 shares during the quarter. Teacher Retirement System of Texas’ holdings in Match Group were worth $3,127,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in Match Group by 56.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock worth $31,000 after acquiring an additional 362 shares in the last quarter. SVB Wealth LLC bought a new position in Match Group in the 1st quarter valued at $49,000. Summit Securities Group LLC acquired a new position in Match Group in the first quarter worth $54,000. Harbour Investments Inc. grew its holdings in shares of Match Group by 28.0% during the second quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after purchasing an additional 446 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Match Group by 18.5% in the second quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock valued at $77,000 after buying an additional 390 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $203,796.34. Following the transaction, the director directly owned 21,926 shares in the company, valued at $823,979.08. This trade represents a 19.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen Bailey sold 12,500 shares of Match Group 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 trade represents a 60.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,454 shares of company stock valued at $907,839. Company insiders own 0.64% of the company’s stock.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $32.34 on Friday. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 0.63 and a beta of 1.38. The company has a 50 day moving average of $35.29 and a 200-day moving average of $33.09. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, October 3rd. Match Group’s payout ratio is currently 37.44%.

Analysts Set New Price Targets

Several research analysts recently issued reports on MTCH shares. JPMorgan Chase & Co. upped their price target on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. UBS Group upped their target price on shares of Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Susquehanna increased their price target on shares of Match Group from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. Finally, Evercore ISI upped their price objective on Match Group from $32.00 to $38.00 and gave the stock an “in-line” rating in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.56.

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.