33,585 Shares in Match Group Inc. $MTCH Purchased by Brighton Jones LLC

Brighton Jones LLC acquired a new stake in Match Group Inc. (NASDAQ:MTCH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,585 shares of the technology company’s stock, valued at approximately $1,186,000.

Several other hedge funds also recently bought and sold shares of MTCH. Employees Retirement System of Texas acquired a new stake in shares of Match Group during the second quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its holdings in Match Group by 56.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after purchasing an additional 362 shares during the last quarter. Caldwell Trust Co purchased a new stake in Match Group in the second quarter valued at approximately $32,000. SVB Wealth LLC acquired a new position in Match Group during the first quarter worth $49,000. Finally, Harbour Investments Inc. boosted its position in shares of Match Group by 28.0% during the second quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after buying an additional 446 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

MTCH has been the topic of several research analyst reports. Evercore ISI cut their price objective on Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Wall Street Zen lowered shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Raymond James Financial reissued a “market perform” rating on shares of Match Group in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company cut their price objective on Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.42.

Insider Transactions at Match Group

In other news, CEO Spencer M. Rascoff purchased 14,000 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average price of $31.84 per share, for a total transaction of $445,760.00. Following the purchase, the chief executive officer directly owned 165,128 shares of the company’s stock, valued at $5,257,675.52. This represents a 9.26% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by corporate insiders.

Match Group Price Performance

Shares of MTCH opened at $32.81 on Thursday. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20. The stock has a market cap of $7.74 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34. The firm has a fifty day moving average price of $32.83 and a 200 day moving average price of $33.94.

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. Match Group’s dividend payout ratio is 35.51%.

About Match Group

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.