Teachers Retirement System of The State of Kentucky Grows Position in Match Group Inc. $MTCH

Teachers Retirement System of The State of Kentucky raised its stake in shares of Match Group Inc. (NASDAQ:MTCHFree Report) by 101.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,677 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Match Group were worth $1,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC acquired a new position in shares of Match Group in the 3rd quarter valued at $28,000. Activest Wealth Management lifted its position in Match Group by 6,523.1% during the 4th quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after acquiring an additional 848 shares during the period. Whittier Trust Co. lifted its position in Match Group by 91.3% during the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock worth $29,000 after acquiring an additional 431 shares during the period. Parkside Financial Bank & Trust grew its stake in Match Group by 53.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after purchasing an additional 356 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in Match Group during the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group News Summary

Here are the key news stories impacting Match Group this week:

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MTCH. UBS Group raised their price objective on Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Truist Financial set a $37.00 price target on shares of Match Group in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on shares of Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Match Group in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.29.

Check Out Our Latest Report on MTCH

Insider Buying and Selling at Match Group

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

Match Group Stock Up 4.6%

Shares of MTCH stock opened at $40.11 on Thursday. The stock has a market cap of $9.36 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 0.61 and a beta of 1.30. The business has a 50-day simple moving average of $36.33 and a 200-day simple moving average of $33.61. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $40.17.

Match Group (NASDAQ:MTCHGet Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The firm had revenue of $863.93 million for the quarter, compared to analyst estimates of $854.70 million. During the same period last year, the company earned $0.44 earnings per share. Match Group’s revenue for the quarter was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that Match Group Inc. will post 3.11 earnings per share for the current fiscal year.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.0%. Match Group’s dividend payout ratio (DPR) is presently 30.53%.

Match Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Match Group (NASDAQ:MTCH)

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