Jupiter Asset Management Ltd. Buys 515,750 Shares of Match Group Inc. $MTCH

Jupiter Asset Management Ltd. increased its holdings in Match Group Inc. (NASDAQ:MTCH) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,971,583 shares of the technology company’s stock after purchasing an additional 515,750 shares during the period. Match Group makes up about 1.0% of Jupiter Asset Management Ltd.’s investment portfolio, making the stock its 17th largest position. Jupiter Asset Management Ltd. owned about 1.68% of Match Group worth $128,242,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MTCH. AQR Capital Management LLC increased its position in Match Group by 1,163.7% in the third quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after purchasing an additional 5,652,174 shares during the last quarter. Holocene Advisors LP increased its position in Match Group by 2,474.5% in the third quarter. Holocene Advisors LP now owns 2,741,573 shares of the technology company’s stock worth $96,832,000 after purchasing an additional 2,635,085 shares during the last quarter. State Street Corp increased its position in Match Group by 14.6% in the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after purchasing an additional 2,461,025 shares during the last quarter. LSV Asset Management increased its position in Match Group by 37.8% in the third quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock worth $168,504,000 after purchasing an additional 1,307,949 shares during the last quarter. Finally, DNB Asset Management AS increased its position in Match Group by 69.7% in the third quarter. DNB Asset Management AS now owns 2,581,589 shares of the technology company’s stock worth $91,182,000 after purchasing an additional 1,060,038 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $36.36 on Friday. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.58 and a beta of 1.36. The stock has a 50 day moving average price of $34.24 and a 200 day moving average price of $32.75. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $39.20.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Match Group’s payout ratio is presently 30.53%.

Insider Activity

In related news, Director Melissa Anne Brenner sold 5,141 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the sale, the director owned 16,218 shares in the company, valued at approximately $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

MTCH has been the topic of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Citigroup boosted their price objective on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Morgan Stanley lifted their price target on shares of Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company lifted their price target on shares of Match Group from $30.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Match Group presently has a consensus rating of “Hold” and an average price target of $41.07.

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.