Mufg Securities Americas Inc. Acquires Shares of 3,707 Match Group, Inc. (NASDAQ:MTCH)

Mufg Securities Americas Inc. acquired a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,707 shares of the technology company’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTCH. Empirical Asset Management LLC purchased a new stake in Match Group during the 4th quarter valued at approximately $240,000. Merit Financial Group LLC purchased a new stake in Match Group during the 4th quarter valued at approximately $227,000. Integrated Investment Consultants LLC purchased a new stake in Match Group during the 4th quarter valued at approximately $359,000. Penn Davis Mcfarland Inc. raised its stake in Match Group by 1.8% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 478,913 shares of the technology company’s stock valued at $15,665,000 after acquiring an additional 8,414 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Match Group by 94.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company’s stock valued at $1,947,000 after acquiring an additional 28,884 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Performance

Shares of NASDAQ:MTCH opened at $29.25 on Friday. The business’s fifty day moving average price is $29.77 and its two-hundred day moving average price is $31.80. The stock has a market cap of $7.33 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, July 3rd. Match Group’s dividend payout ratio (DPR) is presently 37.62%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MTCH. Stifel Nicolaus cut their target price on Match Group from $35.00 to $29.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company cut their target price on Match Group from $32.00 to $31.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. HSBC downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Morgan Stanley cut their target price on Match Group from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Finally, Citigroup cut their target price on Match Group from $31.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.91.

Insider Buying and Selling at Match Group

In related news, CEO Spencer M. Rascoff acquired 70,885 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the purchase, the chief executive officer now directly owns 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Gary Swidler sold 242,209 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the sale, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This represents a 99.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.64% of the stock is owned by insiders.

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.