Fieldview Capital Management LLC Acquires 17,853 Shares of Match Group Inc. $MTCH

Fieldview Capital Management LLC raised its holdings in Match Group Inc. (NASDAQ:MTCH) by 35.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,895 shares of the technology company’s stock after acquiring an additional 17,853 shares during the period. Fieldview Capital Management LLC’s holdings in Match Group were worth $2,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its position in Match Group by 14.6% in the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock valued at $680,826,000 after acquiring an additional 2,461,025 shares during the last quarter. Ameriprise Financial Inc. grew its position in Match Group by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock valued at $385,590,000 after acquiring an additional 162,330 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Match Group by 2.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,494,679 shares of the technology company’s stock valued at $242,003,000 after acquiring an additional 196,191 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Match Group by 4.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 6,965,319 shares of the technology company’s stock valued at $224,910,000 after acquiring an additional 327,159 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Match Group by 1,163.7% in the third quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock valued at $216,791,000 after acquiring an additional 5,652,174 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Trading Up 0.9%

Shares of MTCH stock opened at $34.89 on Friday. The business’s 50-day moving average price is $35.18 and its 200-day moving average price is $32.96. Match Group Inc. has a 12 month low of $28.81 and a 12 month high of $39.20. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.56 and a beta of 1.33.

Match Group Announces Dividend

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

Analysts Set New Price Targets

MTCH has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Truist Financial set a $37.00 target price on Match Group in a research report on Wednesday, May 6th. Piper Sandler set a $51.00 price target on Match Group in a research note on Wednesday, May 6th. UBS Group lifted their price target 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, Citigroup lifted their price target on Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Match Group currently has a consensus rating of “Hold” and a consensus target price of $41.07.

Insider Activity at Match Group

In related news, Director Melissa Anne Brenner sold 5,141 shares of Match Group 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 transaction, the director directly owned 16,218 shares of the company’s stock, valued at $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by corporate 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.