Fieldview Capital Management LLC Has $2.23 Million Stock Position in Match Group Inc. $MTCH

Fieldview Capital Management LLC increased its stake in Match Group Inc. (NASDAQ:MTCH) by 35.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,895 shares of the technology company’s stock after acquiring an additional 17,853 shares during the quarter. Fieldview Capital Management LLC’s holdings in Match Group were worth $2,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. increased its holdings in Match Group by 38.9% in the fourth quarter. Landscape Capital Management L.L.C. now owns 282,105 shares of the technology company’s stock worth $9,109,000 after purchasing an additional 79,043 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Match Group by 2.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,494,679 shares of the technology company’s stock worth $242,003,000 after purchasing an additional 196,191 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in Match Group in the fourth quarter worth approximately $391,000. Parkside Financial Bank & Trust increased its holdings in Match Group by 53.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after purchasing an additional 356 shares in the last quarter. Finally, Callodine Capital Management LP increased its holdings in Match Group by 15.1% in the fourth quarter. Callodine Capital Management LP now owns 1,611,428 shares of the technology company’s stock worth $52,033,000 after purchasing an additional 211,595 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MTCH. Barclays lifted their target price on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $43.00 price objective on shares of Match Group in a report on Wednesday, May 6th. Wells Fargo & Company increased their price objective on shares of Match Group from $30.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley increased their price objective on shares of Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.07.

Insider Buying and Selling

In related news, Director Melissa Anne Brenner sold 5,141 shares of the stock in a transaction 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 directly owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This represents a 24.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Match Group Stock Up 0.9%

Shares of NASDAQ:MTCH opened at $34.89 on Friday. Match Group Inc. has a twelve month low of $28.81 and a twelve month high of $39.20. The stock’s 50 day moving average is $35.18 and its 200-day moving average is $32.96. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.56 and a beta of 1.33.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s dividend payout ratio is presently 30.53%.

Match Group 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.