Match Group Inc. $MTCH Position Raised by First Manhattan CO. LLC.

First Manhattan CO. LLC. raised its stake in Match Group Inc. (NASDAQ:MTCH) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,557,506 shares of the technology company’s stock after buying an additional 68,649 shares during the quarter. First Manhattan CO. LLC.’s holdings in Match Group were worth $114,872,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake 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 buying an additional 2,461,025 shares during the last quarter. Ameriprise Financial Inc. lifted its stake 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 buying an additional 162,330 shares during the last quarter. AQR Capital Management LLC lifted its stake in Match Group by 32.8% in the fourth quarter. AQR Capital Management LLC now owns 8,149,868 shares of the technology company’s stock valued at $261,692,000 after buying an additional 2,011,970 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake 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 buying an additional 196,191 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its stake in shares of Match Group by 4.9% during 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 purchasing an additional 327,159 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Down 3.3%

Shares of NASDAQ MTCH opened at $35.31 on Thursday. The firm’s 50-day simple moving average is $35.43 and its 200 day simple moving average is $33.02. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $39.20. The stock has a market cap of $8.24 billion, a P/E ratio of 13.48, a P/E/G ratio of 0.58 and a beta of 1.33.

Match Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be given a $0.20 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $0.80 annualized dividend and a yield of 2.3%. Match Group’s payout ratio is 30.53%.

Insider Buying and Selling

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the sale, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Truist Financial set a $37.00 price objective on shares of Match Group in a research note on Wednesday, May 6th. Morgan Stanley lifted their price objective on shares of Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. TD Cowen lifted their price objective on shares of Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Piper Sandler set a $51.00 price objective on shares of Match Group in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Match Group from $30.00 to $38.00 and gave the company an “equal weight” 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.