Match Group Inc. $MTCH Stock Position Lifted by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 257.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 702,121 shares of the technology company’s stock after buying an additional 505,870 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.28% of Match Group worth $21,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC lifted its holdings in shares of Match Group by 5.1% during the first quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company’s stock valued at $215,000 after purchasing an additional 334 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Match Group by 56.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after buying an additional 362 shares during the period. Parallel Advisors LLC raised its holdings in shares of Match Group by 18.5% during the second quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock worth $77,000 after acquiring an additional 390 shares in the last quarter. Assetmark Inc. grew its stake in Match Group by 14.1% in the first quarter. Assetmark Inc. now owns 3,464 shares of the technology company’s stock valued at $108,000 after purchasing an additional 429 shares in the last quarter. Finally, Exencial Wealth Advisors LLC increased its position in Match Group by 2.8% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 16,159 shares of the technology company’s stock worth $499,000 after purchasing an additional 439 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Insider Activity at Match Group

In other news, Director Ann Mcdaniel sold 5,423 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total value of $203,796.34. Following the transaction, the director directly owned 21,926 shares of the company’s stock, valued at $823,979.08. The trade was a 19.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Philip D. Eigenmann sold 6,531 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total value of $245,043.12. Following the sale, the chief accounting officer directly owned 23,240 shares of the company’s stock, valued at $871,964.80. This represents a 21.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.64% of the company’s stock.

Match Group Trading Down 0.8%

Shares of MTCH opened at $32.28 on Friday. The stock has a market cap of $7.62 billion, a PE ratio of 15.90, a PEG ratio of 0.63 and a beta of 1.41. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $39.20. The stock has a 50 day simple moving average of $34.35 and a 200-day simple moving average of $33.29.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 6th. Match Group’s dividend payout ratio (DPR) is currently 35.51%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Susquehanna upped their price target on Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Evercore ISI decreased their target price on Match Group from $38.00 to $35.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen raised Match Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

About Match Group

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.