Jefferies Financial Group Inc. Purchases Shares of 320,733 Match Group Inc. $MTCH

Jefferies Financial Group Inc. purchased a new stake in shares of Match Group Inc. (NASDAQ:MTCH) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 320,733 shares of the technology company’s stock, valued at approximately $10,356,000. Jefferies Financial Group Inc. owned 0.14% of Match Group as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Match Group during the third quarter valued at about $27,000. Advisory Services Network LLC purchased a new stake in Match Group during the third quarter valued at about $28,000. Activest Wealth Management boosted its position in Match Group by 6,523.1% during the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock valued at $28,000 after buying an additional 848 shares during the period. Rossby Financial LCC boosted its position in Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after buying an additional 506 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Match Group during the fourth quarter valued at about $38,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Match Group

In related news, Director Melissa Anne Brenner sold 5,141 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total value 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. This represents a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.64% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $43.00 price target on shares of Match Group in a research report on Wednesday, May 6th. Citigroup increased their target price on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. Morgan Stanley increased their target price on shares of Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.07.

Match Group Price Performance

MTCH stock opened at $35.80 on Monday. Match Group Inc. has a 1 year low of $28.81 and a 1 year high of $39.20. The company has a market cap of $8.35 billion, a P/E ratio of 13.66, a PEG ratio of 0.57 and a beta of 1.36. The firm has a 50-day moving average of $33.80 and a 200 day moving average of $32.65.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s dividend payout ratio is presently 30.53%.

Match Group 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.