Corient Private Wealth LLC Acquires 28,408 Shares of Match Group Inc. $MTCH

Corient Private Wealth LLC increased its holdings in Match Group Inc. (NASDAQ:MTCH) by 100.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 56,770 shares of the technology company’s stock after acquiring an additional 28,408 shares during the quarter. Corient Private Wealth LLC’s holdings in Match Group were worth $1,818,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. State Street Corp boosted its position in Match Group by 14.6% during the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock valued at $680,826,000 after buying an additional 2,461,025 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Match Group by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock worth $385,590,000 after buying an additional 162,330 shares during the period. Starboard Value LP increased its holdings in shares of Match Group by 2.9% in the fourth quarter. Starboard Value LP now owns 11,395,379 shares of the technology company’s stock worth $367,957,000 after buying an additional 325,000 shares during the period. Invesco Ltd. lifted its stake in shares of Match Group by 9.8% in the 4th quarter. Invesco Ltd. now owns 9,799,389 shares of the technology company’s stock valued at $316,422,000 after acquiring an additional 872,524 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Match Group by 32.8% in the 4th quarter. AQR Capital Management LLC now owns 8,149,868 shares of the technology company’s stock valued at $261,692,000 after acquiring an additional 2,011,970 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MTCH. Wells Fargo & Company increased their target price on Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Citigroup lifted their price target on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $43.00 price objective on shares of Match Group in a research report on Wednesday, May 6th. UBS Group increased their price objective on Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research note 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 equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Match Group currently has a consensus rating of “Hold” and a consensus price target of $41.07.

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 transaction of $184,767.54. Following the transaction, the director directly owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Match Group Trading Up 4.2%

Match Group stock opened at $38.73 on Tuesday. The firm has a 50-day moving average of $35.89 and a 200-day moving average of $33.13. The firm has a market cap of $9.03 billion, a P/E ratio of 14.78, a P/E/G ratio of 0.59 and a beta of 1.33. Match Group Inc. has a 1-year low of $28.81 and a 1-year high of $39.20.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The company had revenue of $863.93 million for the quarter, compared to the consensus estimate of $854.70 million. During the same quarter in the previous year, the business earned $0.44 EPS. Match Group’s revenue was up 3.9% compared to the same quarter last year. Research analysts forecast that Match Group Inc. will post 3.11 earnings per share for the current fiscal year.

Match Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, July 7th. Match Group’s dividend payout ratio (DPR) is currently 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.