Match Group Inc. $MTCH is Tikvah Management LLC’s 10th Largest Position

Tikvah Management LLC trimmed its position in shares of Match Group Inc. (NASDAQ:MTCH) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,200 shares of the technology company’s stock after selling 60,000 shares during the period. Match Group comprises approximately 2.7% of Tikvah Management LLC’s portfolio, making the stock its 10th biggest holding. Tikvah Management LLC owned about 0.13% of Match Group worth $10,113,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of Match Group by 14.6% during the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after acquiring an additional 2,461,025 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Match Group by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock worth $385,590,000 after acquiring an additional 162,330 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Match Group by 2.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,494,679 shares of the technology company’s stock worth $242,003,000 after acquiring an additional 196,191 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Match Group by 4.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 6,965,319 shares of the technology company’s stock worth $224,910,000 after acquiring an additional 327,159 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Match Group by 1,163.7% during the third quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after acquiring an additional 5,652,174 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Price Performance

NASDAQ MTCH opened at $34.89 on Monday. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $39.20. The stock’s 50-day moving average is $35.18 and its two-hundred day moving average is $32.96. The firm has a market cap of $8.14 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.56 and a beta of 1.33.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, July 7th. Match Group’s dividend payout ratio (DPR) is 30.53%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTCH. Morgan Stanley increased their price objective on Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Piper Sandler set a $51.00 price objective on Match Group in a report on Wednesday, May 6th. Royal Bank Of Canada raised their target price on Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. TD Cowen raised their target price on Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Citigroup raised their target price on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $41.07.

Insiders Place Their Bets

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the transaction, the director directly owned 16,218 shares in the company, valued at $582,874.92. This trade represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by company insiders.

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.