Match Group Inc. $MTCH Shares Acquired by Neuberger Berman Group LLC

Neuberger Berman Group LLC boosted its stake in Match Group Inc. (NASDAQ:MTCH) by 7.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,287,202 shares of the technology company’s stock after acquiring an additional 349,963 shares during the period. Neuberger Berman Group LLC’s holdings in Match Group were worth $163,322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Employees Retirement System of Texas purchased a new position in shares of Match Group in the 2nd quarter valued at approximately $28,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 purchasing an additional 362 shares during the period. SVB Wealth LLC purchased 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 1st quarter valued at $54,000. Finally, Harbour Investments Inc. raised its position in Match Group by 28.0% during the 2nd quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after buying an additional 446 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Match Group

In other Match Group news, CEO Spencer M. Rascoff purchased 14,000 shares of Match Group stock in a transaction on Thursday, November 20th. The shares were bought at an average price of $31.84 per share, with a total value of $445,760.00. Following the completion of the acquisition, the chief executive officer directly owned 165,128 shares of the company’s stock, valued at approximately $5,257,675.52. This trade represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Match Group Stock Performance

MTCH opened at $33.19 on Friday. The business’s fifty day moving average is $32.83 and its two-hundred day moving average is $33.83. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.73 and a beta of 1.34. 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be paid 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 Tuesday, January 6th. Match Group’s dividend payout ratio is presently 35.51%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Evercore ISI dropped their price target on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 5th. Wall Street Zen downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Morgan Stanley decreased their price target on Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, October 20th. Raymond James Financial reissued a “market perform” rating on shares of Match Group in a report on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $37.00 target price on shares of Match Group in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to MarketBeat, Match Group has an average rating of “Hold” and a consensus target price of $35.15.

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.