LSV Asset Management Purchases 873,804 Shares of Match Group Inc. $MTCH

LSV Asset Management grew its position in shares of Match Group Inc. (NASDAQ:MTCH) by 18.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,644,584 shares of the technology company’s stock after buying an additional 873,804 shares during the quarter. LSV Asset Management’s holdings in Match Group were worth $182,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Bollard Group LLC lifted its position in shares of Match Group by 0.6% during the 3rd quarter. Bollard Group LLC now owns 54,875 shares of the technology company’s stock worth $1,938,000 after buying an additional 317 shares in the last quarter. True Wealth Design LLC lifted its position in shares of Match Group by 12.8% during the 4th quarter. True Wealth Design LLC now owns 2,813 shares of the technology company’s stock worth $91,000 after buying an additional 320 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Match Group by 8.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after buying an additional 326 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Match Group by 2.8% during the 3rd quarter. Bessemer Group Inc. now owns 12,281 shares of the technology company’s stock worth $432,000 after buying an additional 333 shares in the last quarter. Finally, Mather Group LLC. lifted its position in shares of Match Group by 6.0% during the 4th quarter. Mather Group LLC. now owns 6,477 shares of the technology company’s stock worth $209,000 after buying an additional 364 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Trading Up 0.4%

NASDAQ:MTCH opened at $35.80 on Friday. The stock has a market capitalization of $8.35 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 0.57 and a beta of 1.36. The firm’s 50 day moving average is $33.80 and its 200 day moving average is $32.65. Match Group Inc. has a 12 month low of $28.81 and a 12 month high of $39.20.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s payout ratio is 30.53%.

Insider Transactions at Match Group

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $35.94, for a total transaction of $184,767.54. Following the sale, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. The trade was a 24.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.64% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on MTCH. TD Cowen lifted their target price on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lowered their price target on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada lifted their price target on shares of Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Truist Financial set a $37.00 price target on shares of Match Group in a report on Wednesday, May 6th. Finally, Piper Sandler set a $51.00 price target on shares of Match Group in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Match Group presently has an average rating of “Hold” and an average price target of $41.07.

Match Group Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.