Daiwa Securities Group Inc. Has $1.84 Million Holdings in Match Group Inc. $MTCH

Daiwa Securities Group Inc. grew its position in Match Group Inc. (NASDAQ:MTCH) by 49.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,950 shares of the technology company’s stock after purchasing an additional 18,918 shares during the period. Daiwa Securities Group Inc.’s holdings in Match Group were worth $1,839,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MTCH. Woodline Partners LP acquired a new position in Match Group in the 1st quarter worth about $662,000. Northwestern Mutual Wealth Management Co. increased its position in Match Group by 20.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,260 shares of the technology company’s stock worth $162,000 after purchasing an additional 891 shares during the last quarter. First Trust Advisors LP increased its position in Match Group by 45.9% in the 2nd quarter. First Trust Advisors LP now owns 649,721 shares of the technology company’s stock worth $20,070,000 after purchasing an additional 204,472 shares during the last quarter. Amundi increased its position in Match Group by 1,477.6% in the 2nd quarter. Amundi now owns 358,709 shares of the technology company’s stock worth $11,637,000 after purchasing an additional 335,971 shares during the last quarter. Finally, Cresset Asset Management LLC acquired a new position in Match Group in the 2nd quarter worth about $298,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTCH has been the topic of several research reports. Morgan Stanley upped their target price on Match Group from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Barclays increased their price objective on Match Group from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Wall Street Zen raised Match Group from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Finally, Piper Sandler set a $51.00 price objective on Match Group in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Match Group currently has an average rating of “Hold” and a consensus target price of $41.07.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $34.35 on Thursday. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 0.55 and a beta of 1.33. The business’s 50-day simple moving average is $35.02 and its 200-day simple moving average is $32.93. Match Group Inc. has a 52 week low of $28.81 and a 52 week high of $39.20.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Match Group’s dividend payout ratio (DPR) is 30.53%.

Insider Transactions at Match Group

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the firm’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 sale, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. This trade represents a 24.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.64% of the stock is owned by company insiders.

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.