Versor Investments LP Buys New Stake in Match Group Inc. $MTCH

Versor Investments LP bought a new stake in shares of Match Group Inc. (NASDAQ:MTCH) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 34,700 shares of the technology company’s stock, valued at approximately $1,083,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MTCH. Raymond James Financial Inc. acquired a new position in shares of Match Group during the 4th quarter valued at $4,951,000. Guggenheim Capital LLC increased its stake in Match Group by 5.2% during the 4th quarter. Guggenheim Capital LLC now owns 21,603 shares of the technology company’s stock worth $707,000 after buying an additional 1,073 shares during the period. Jump Financial LLC acquired a new position in Match Group in the 4th quarter worth $592,000. Canada Pension Plan Investment Board lifted its holdings in Match Group by 7.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 544,983 shares of the technology company’s stock worth $17,826,000 after buying an additional 36,100 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Match Group by 58.1% in the 4th quarter. First Trust Advisors LP now owns 466,347 shares of the technology company’s stock worth $15,254,000 after buying an additional 171,286 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Down 1.0%

Shares of NASDAQ:MTCH opened at $38.28 on Monday. Match Group Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.20. The firm has a 50-day simple moving average of $33.05 and a 200 day simple moving average of $31.65. The company has a market cap of $9.21 billion, a PE ratio of 18.86, a P/E/G ratio of 0.76 and a beta of 1.36.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, October 3rd. Match Group’s dividend payout ratio is currently 37.44%.

Insider Buying and Selling at Match Group

In related news, Director Stephen Bailey sold 12,500 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $36.72, for a total transaction of $459,000.00. Following the completion of the sale, the director owned 8,058 shares of the company’s stock, valued at $295,889.76. This represents a 60.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MTCH shares. Barclays cut their price objective on shares of Match Group from $52.00 to $46.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Evercore ISI boosted their price objective on shares of Match Group from $32.00 to $38.00 and gave the stock an “in-line” rating in a report on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on shares of Match Group from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, June 27th. JPMorgan Chase & Co. boosted their price objective on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Finally, Susquehanna boosted their price objective on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.44.

Match Group Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.