VIRGINIA RETIREMENT SYSTEMS ET Al Buys 19,800 Shares of Match Group Inc. $MTCH

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,800 shares of the technology company’s stock after acquiring an additional 19,800 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Match Group were worth $3,352,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MTCH. Woodline Partners LP bought a new stake in shares of Match Group during the first quarter valued at approximately $662,000. Northwestern Mutual Wealth Management Co. raised its stake in Match Group by 20.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,260 shares of the technology company’s stock worth $162,000 after buying an additional 891 shares in the last quarter. First Trust Advisors LP raised its stake in Match Group by 45.9% in the second quarter. First Trust Advisors LP now owns 649,721 shares of the technology company’s stock worth $20,070,000 after buying an additional 204,472 shares in the last quarter. Amundi raised its stake in Match Group by 1,477.6% in the second quarter. Amundi now owns 358,709 shares of the technology company’s stock worth $11,637,000 after buying an additional 335,971 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in Match Group in the second quarter worth approximately $298,000. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MTCH shares. UBS Group boosted their price objective on shares of Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial set a $37.00 price objective on shares of Match Group in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Citigroup boosted their price objective on shares of Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $43.00 price objective on shares of Match Group in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Match Group presently has a consensus rating of “Hold” and an average price target of $41.07.

Match Group Trading Down 0.9%

NASDAQ MTCH opened at $35.73 on Friday. The firm’s fifty day simple moving average is $33.22 and its two-hundred day simple moving average is $32.52. Match Group Inc. has a 12-month low of $28.80 and a 12-month high of $39.20. The firm has a market capitalization of $8.33 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.59 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. Shareholders of record on Tuesday, July 7th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s payout ratio is currently 30.53%.

Insider Transactions at Match Group

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of Match Group stock in a transaction on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

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.