Match Group Inc. $MTCH Shares Bought by Leonteq Securities AG

Leonteq Securities AG boosted its stake in Match Group Inc. (NASDAQ:MTCH) by 2,942.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,659 shares of the technology company’s stock after acquiring an additional 19,980 shares during the period. Leonteq Securities AG’s holdings in Match Group were worth $634,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Platform Technology Partners acquired a new stake in Match Group during the 1st quarter worth $226,000. Sound Income Strategies LLC boosted its holdings in Match Group by 7.1% in the 1st quarter. Sound Income Strategies LLC now owns 136,207 shares of the technology company’s stock valued at $4,241,000 after purchasing an additional 9,034 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Match Group by 335.4% in the first quarter. Root Financial Partners LLC now owns 5,460 shares of the technology company’s stock valued at $168,000 after buying an additional 4,206 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Match Group by 97.2% during the 1st quarter. Deprince Race & Zollo Inc. now owns 1,549,147 shares of the technology company’s stock worth $47,574,000 after purchasing an additional 763,764 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its position in Match Group by 2.5% during the first quarter. iA Global Asset Management Inc. now owns 24,992 shares of the technology company’s stock worth $768,000 after buying an additional 611 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of Match Group stock in a transaction on 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MTCH has been the topic of several research reports. Wells Fargo & Company upped their target price on Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $43.00 price target on shares of Match Group in a report on Wednesday, May 6th. TD Cowen increased their price objective on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Royal Bank Of Canada increased their target price on Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, UBS Group lifted their price target on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.07.

Match Group Stock Performance

NASDAQ:MTCH opened at $37.90 on Friday. The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 0.61 and a beta of 1.30. The business’s 50-day simple moving average is $36.05 and its 200 day simple moving average is $33.26. Match Group Inc. has a one year low of $28.81 and a one year high of $39.20.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. Match Group had a net margin of 18.83% and a negative return on equity of 307.45%. The business had revenue of $863.93 million during the quarter, compared to the consensus estimate of $854.70 million. During the same quarter last year, the company earned $0.44 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that Match Group Inc. will post 3.11 EPS for the current year.

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s dividend payout ratio (DPR) is currently 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.