100,511 Shares in Match Group Inc. $MTCH Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in shares of Match Group Inc. (NASDAQ:MTCH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 100,511 shares of the technology company’s stock, valued at approximately $3,246,000.

Other institutional investors have also recently bought and sold shares of the company. Fieldview Capital Management LLC bought a new position in Match Group in the third quarter valued at approximately $1,803,000. GSA Capital Partners LLP lifted its stake in Match Group by 327.7% in the third quarter. GSA Capital Partners LLP now owns 50,252 shares of the technology company’s stock valued at $1,775,000 after buying an additional 38,502 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Match Group in the fourth quarter valued at approximately $1,299,000. Picton Mahoney Asset Management bought a new position in Match Group in the third quarter valued at approximately $1,863,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Match Group by 58.3% in the third quarter. Russell Investments Group Ltd. now owns 1,217,999 shares of the technology company’s stock valued at $43,020,000 after purchasing an additional 448,568 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MTCH. Truist Financial set a $37.00 price objective on shares of Match Group in a report on Wednesday, May 6th. Citigroup lifted their price objective on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. UBS Group lifted their price objective on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley lifted their price objective on shares of Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their target price 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. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.07.

Insider Activity

In other news, Director Melissa Anne Brenner sold 5,141 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the sale, the director owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.64% of the company’s stock.

Match Group Stock Performance

Shares of Match Group stock opened at $36.76 on Tuesday. The firm has a 50-day moving average of $34.46 and a 200-day moving average of $32.80. The stock has a market cap of $8.57 billion, a PE ratio of 14.03, a PEG ratio of 0.58 and a beta of 1.36. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $39.20.

Match Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given 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 presently 30.53%.

Match Group Company 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.