Assetmark Inc. Increases Holdings in Match Group Inc. (NASDAQ:MTCH)

Assetmark Inc. increased its position in Match Group Inc. (NASDAQ:MTCHFree Report) by 14.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,464 shares of the technology company’s stock after buying an additional 429 shares during the quarter. Assetmark Inc.’s holdings in Match Group were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Starboard Value LP raised its stake in shares of Match Group by 53.4% during the fourth quarter. Starboard Value LP now owns 14,656,970 shares of the technology company’s stock worth $479,429,000 after acquiring an additional 5,100,824 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Match Group by 24.2% during the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company’s stock valued at $343,427,000 after purchasing an additional 2,042,677 shares during the last quarter. Invesco Ltd. raised its position in Match Group by 25.3% in the 4th quarter. Invesco Ltd. now owns 5,827,217 shares of the technology company’s stock worth $190,608,000 after purchasing an additional 1,174,889 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Match Group by 10.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,066,321 shares of the technology company’s stock worth $165,719,000 after purchasing an additional 487,903 shares during the last quarter. Finally, First Manhattan CO. LLC. lifted its stake in Match Group by 1.9% in the fourth quarter. First Manhattan CO. LLC. now owns 3,466,894 shares of the technology company’s stock worth $113,402,000 after purchasing an additional 63,238 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTCH. Stifel Nicolaus reduced their price objective on Match Group from $35.00 to $29.00 and set a “hold” rating on the stock in a research note on Wednesday, April 23rd. Bank of America reduced their price target on Match Group from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. lowered their price objective on Match Group from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Morgan Stanley dropped their price objective 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, Wells Fargo & Company lifted their target price on shares of Match Group from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.95.

Get Our Latest Stock Report on Match Group

Match Group Trading Down 2.0%

Shares of NASDAQ MTCH opened at $33.60 on Monday. The firm has a fifty day simple moving average of $31.86 and a two-hundred day simple moving average of $31.46. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $38.77. The firm has a market capitalization of $8.41 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.74 and a beta of 1.36.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd were issued a $0.19 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $0.76 annualized dividend and a yield of 2.3%. Match Group’s dividend payout ratio (DPR) is 37.62%.

Insider Buying and Selling

In other news, CEO Spencer M. Rascoff acquired 70,885 shares of the business’s stock in a transaction on Friday, May 9th. The shares were acquired at an average cost of $28.05 per share, with a total value of $1,988,324.25. Following the transaction, the chief executive officer owned 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.64% of the stock is owned by company insiders.

About Match Group

(Free Report)

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.

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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