Seizert Capital Partners LLC Boosts Holdings in Match Group Inc. $MTCH

Seizert Capital Partners LLC lifted its position in Match Group Inc. (NASDAQ:MTCH) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,765,316 shares of the technology company’s stock after purchasing an additional 237,392 shares during the quarter. Match Group comprises approximately 2.4% of Seizert Capital Partners LLC’s portfolio, making the stock its 11th largest holding. Seizert Capital Partners LLC owned approximately 0.70% of Match Group worth $54,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Applied Finance Capital Management LLC lifted its position in Match Group by 5.1% during the first quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company’s stock valued at $215,000 after purchasing an additional 334 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Match Group by 56.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after buying an additional 362 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Match Group by 18.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock worth $77,000 after acquiring an additional 390 shares during the last quarter. Assetmark Inc. increased its stake in Match Group by 14.1% in the first quarter. Assetmark Inc. now owns 3,464 shares of the technology company’s stock valued at $108,000 after acquiring an additional 429 shares during the last quarter. Finally, Exencial Wealth Advisors LLC raised its position in Match Group by 2.8% during the second quarter. Exencial Wealth Advisors LLC now owns 16,159 shares of the technology company’s stock valued at $499,000 after purchasing an additional 439 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Transactions at Match Group

In other Match Group news, Director Ann Mcdaniel sold 5,423 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the transaction, the director directly owned 21,926 shares in the company, valued at $823,979.08. This represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Philip D. Eigenmann sold 6,531 shares of Match Group stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total value of $245,043.12. Following the sale, the chief accounting officer directly owned 23,240 shares in the company, valued at $871,964.80. This trade represents a 21.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on MTCH shares. Evercore ISI decreased their price target 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. Morgan Stanley reduced their target price on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. Truist Financial lowered their price target on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, November 5th. Wells Fargo & Company reduced their price objective on Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, Susquehanna boosted their target price on Match Group from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.00.

Match Group Price Performance

Shares of Match Group stock opened at $31.49 on Wednesday. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 0.63 and a beta of 1.41. The firm’s 50-day moving average is $34.07 and its 200 day moving average is $33.35. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $39.20.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders 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 yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 6th. Match Group’s payout ratio is currently 35.51%.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.