46,466 Shares in Match Group Inc. $MTCH Bought by Prudential PLC

Prudential PLC bought a new position in Match Group Inc. (NASDAQ:MTCH) in the 4th quarter, Holdings Channel.com reports. The fund bought 46,466 shares of the technology company’s stock, valued at approximately $1,500,000.

Other hedge funds also recently bought and sold shares of the company. Fieldview Capital Management LLC bought a new stake in shares of Match Group in the 3rd quarter worth about $1,803,000. GSA Capital Partners LLP increased its holdings in shares of Match Group by 327.7% in the 3rd quarter. GSA Capital Partners LLP now owns 50,252 shares of the technology company’s stock worth $1,775,000 after buying an additional 38,502 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Match Group in the 4th quarter worth about $1,299,000. Picton Mahoney Asset Management bought a new stake in shares of Match Group in the 3rd quarter worth about $1,863,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Match Group by 58.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,217,999 shares of the technology company’s stock worth $43,020,000 after buying an additional 448,568 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Activity at Match Group

In related news, Director Melissa Anne Brenner sold 5,141 shares of Match Group stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total transaction of $184,767.54. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Match Group Stock Performance

MTCH stock opened at $34.42 on Monday. Match Group Inc. has a 12 month low of $28.81 and a 12 month high of $39.20. The company has a 50-day moving average price of $34.77 and a 200 day moving average price of $32.86. The stock has a market cap of $8.03 billion, a PE ratio of 13.14, a P/E/G ratio of 0.55 and a beta of 1.33.

Match Group Announces Dividend

The company 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 dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. Match Group’s payout ratio is currently 30.53%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MTCH shares. Royal Bank Of Canada boosted 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. Weiss Ratings upgraded shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. TD Cowen boosted their target price on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Piper Sandler set a $51.00 target price on shares of Match Group in a report on Wednesday, May 6th. Finally, Morgan Stanley boosted 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. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Match Group currently has a consensus rating of “Hold” and an average price target 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.