Trust Co. of Vermont Makes New $507,000 Investment in Match Group Inc. $MTCH

Trust Co. of Vermont bought a new stake in shares of Match Group Inc. (NASDAQ:MTCH) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 13,325 shares of the technology company’s stock, valued at approximately $507,000.

Several other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Match Group by 338.3% during the first quarter. Principal Financial Group Inc. now owns 1,143,744 shares of the technology company’s stock worth $35,124,000 after buying an additional 882,821 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Match Group by 97.2% during the first quarter. Deprince Race & Zollo Inc. now owns 1,549,147 shares of the technology company’s stock worth $47,574,000 after buying an additional 763,764 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Match Group by 11.8% in the first quarter. Bank of America Corp DE now owns 3,054,114 shares of the technology company’s stock valued at $93,792,000 after acquiring an additional 323,006 shares during the last quarter. Swedbank AB raised its stake in shares of Match Group by 22.3% in the fourth quarter. Swedbank AB now owns 816,800 shares of the technology company’s stock valued at $26,374,000 after acquiring an additional 148,700 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Match Group by 131.5% in the first quarter. Chicago Partners Investment Group LLC now owns 45,280 shares of the technology company’s stock valued at $1,391,000 after acquiring an additional 25,722 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Transactions at Match Group

In other Match Group news, Director Glenn Schiffman bought 3,000 shares of Match Group stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $36.63 per share, with a total value of $109,890.00. Following the purchase, the director owned 56,370 shares of the company’s stock, valued at $2,064,833.10. This trade represents a 5.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group increased their price target on Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $43.00 price objective on shares of Match Group in a research report on Wednesday, May 6th. Barclays boosted their price objective on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded Match Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Finally, Citigroup lifted their price target on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Match Group has an average rating of “Moderate Buy” and an average target price of $41.54.

Match Group Price Performance

Shares of Match Group stock opened at $38.69 on Wednesday. The firm has a 50 day simple moving average of $37.67 and a 200 day simple moving average of $34.71. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $41.40. The firm has a market cap of $8.88 billion, a P/E ratio of 13.67, a P/E/G ratio of 0.56 and a beta of 1.30.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The business had revenue of $853.11 million for the quarter, compared to analyst estimates of $857.77 million. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%.The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, sell-side analysts expect that Match Group Inc. will post 3.31 EPS for the current year.

Match Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Monday, October 5th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, October 5th. This represents a $0.80 dividend on an annualized basis and a yield of 2.1%. Match Group’s dividend payout ratio is presently 28.27%.

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.