Match Group Inc. $MTCH Shares Purchased by Cwm LLC

Cwm LLC grew its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 3,228.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,406 shares of the technology company’s stock after buying an additional 258,402 shares during the quarter. Cwm LLC’s holdings in Match Group were worth $9,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MTCH. PNC Financial Services Group Inc. boosted its holdings in Match Group by 71.2% during the second quarter. PNC Financial Services Group Inc. now owns 31,228 shares of the technology company’s stock worth $965,000 after buying an additional 12,987 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Match Group by 12.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 89,987 shares of the technology company’s stock worth $2,780,000 after acquiring an additional 10,269 shares in the last quarter. Meritage Portfolio Management acquired a new position in shares of Match Group in the 2nd quarter worth $693,000. Capital Fund Management S.A. raised its position in shares of Match Group by 507.1% during the second quarter. Capital Fund Management S.A. now owns 443,862 shares of the technology company’s stock worth $13,711,000 after purchasing an additional 370,745 shares during the period. Finally, Patton Fund Management Inc. acquired a new stake in shares of Match Group during the second quarter worth $226,000. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Performance

MTCH stock opened at $32.39 on Tuesday. The firm has a 50 day simple moving average of $32.83 and a 200 day simple moving average of $33.98. Match Group Inc. has a 52 week low of $26.39 and a 52 week high of $39.20. The stock has a market cap of $7.65 billion, a P/E ratio of 15.14, a P/E/G ratio of 0.71 and a beta of 1.34.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders 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 dividend yield of 2.3%. The ex-dividend date is Tuesday, January 6th. Match Group’s payout ratio is currently 35.51%.

Insider Buying and Selling at Match Group

In related news, CEO Spencer M. Rascoff purchased 14,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average cost of $31.84 per share, with a total value of $445,760.00. Following the completion of the purchase, the chief executive officer owned 165,128 shares of the company’s stock, valued at $5,257,675.52. The trade was a 9.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MTCH. Truist Financial dropped their price target on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 target price on shares of Match Group in a research report on Wednesday, December 10th. Raymond James Financial restated a “market perform” rating on shares of Match Group in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. Finally, Evercore ISI cut their target price on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.42.

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.