15,100 Shares in Match Group Inc. $MTCH Acquired by AdvisorShares Investments LLC

AdvisorShares Investments LLC purchased a new position in shares of Match Group Inc. (NASDAQ:MTCH) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 15,100 shares of the technology company’s stock, valued at approximately $488,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTCH. AQR Capital Management LLC lifted its position in Match Group by 1,163.7% during the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after acquiring an additional 5,652,174 shares in the last quarter. Norges Bank acquired a new position in Match Group during the 4th quarter worth approximately $112,641,000. Holocene Advisors LP lifted its position in Match Group by 2,474.5% during the 3rd quarter. Holocene Advisors LP now owns 2,741,573 shares of the technology company’s stock worth $96,832,000 after acquiring an additional 2,635,085 shares in the last quarter. State Street Corp lifted its position in Match Group by 14.6% during the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after acquiring an additional 2,461,025 shares in the last quarter. Finally, LSV Asset Management lifted its position in Match Group by 37.8% during the 3rd quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock worth $168,504,000 after acquiring an additional 1,307,949 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the sale, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. The trade was a 24.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.64% of the company’s stock.

Match Group Stock Down 0.6%

MTCH stock opened at $36.13 on Friday. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $39.20. The stock’s 50 day moving average is $34.35 and its two-hundred day moving average is $32.77. The company has a market capitalization of $8.43 billion, a PE ratio of 13.79, a P/E/G ratio of 0.58 and a beta of 1.36.

Match Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on MTCH. Royal Bank Of Canada boosted their price target on Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and set a $43.00 price objective on shares of Match Group in a report on Wednesday, May 6th. Citigroup lifted their price objective on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. TD Cowen lifted their price objective on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Morgan Stanley lifted their price objective on Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.07.

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.