Oak Thistle LLC Has $1.52 Million Position in Match Group Inc. $MTCH

Oak Thistle LLC lessened its stake in Match Group Inc. (NASDAQ:MTCH) by 46.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,055 shares of the technology company’s stock after selling 37,718 shares during the period. Oak Thistle LLC’s holdings in Match Group were worth $1,521,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MTCH. Ameriprise Financial Inc. raised its holdings in Match Group by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock valued at $385,590,000 after acquiring an additional 162,330 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Match Group by 7.8% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 5,852,947 shares of the technology company’s stock worth $180,798,000 after purchasing an additional 424,232 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Match Group by 7.1% during the second quarter. Neuberger Berman Group LLC now owns 5,287,202 shares of the technology company’s stock valued at $163,322,000 after purchasing an additional 349,963 shares during the period. Norges Bank acquired a new position in shares of Match Group in the second quarter valued at $134,429,000. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Match Group by 15,523.3% in the second quarter. Jupiter Asset Management Ltd. now owns 3,488,204 shares of the technology company’s stock valued at $107,751,000 after purchasing an additional 3,465,877 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Match Group

In other news, CEO Spencer M. Rascoff acquired 14,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of $31.84 per share, with a total value of $445,760.00. Following the completion of the acquisition, the chief executive officer owned 165,128 shares in the company, valued at approximately $5,257,675.52. This represents a 9.26% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MTCH shares. Wells Fargo & Company decreased their price target on shares of Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Evercore ISI reduced their price objective on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Morgan Stanley decreased their target price on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Monday, October 20th. Truist Financial lowered their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, Match Group currently has a consensus rating of “Hold” and an average target price of $35.42.

Match Group Stock Performance

MTCH opened at $32.51 on Thursday. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 0.71 and a beta of 1.34. The firm’s 50-day simple moving average is $32.77 and its 200-day simple moving average is $33.88. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 6th. Match Group’s dividend payout ratio is currently 35.51%.

About Match Group

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.