Match Group Inc. (NASDAQ:MTCH) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Match Group Inc. (NASDAQ:MTCH) by 18.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,241 shares of the technology company’s stock after acquiring an additional 2,794 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Match Group were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. NBC Securities Inc. purchased a new stake in shares of Match Group in the 1st quarter valued at approximately $37,000. Canada Post Corp Registered Pension Plan acquired a new position in Match Group in the fourth quarter valued at approximately $43,000. Kayne Anderson Rudnick Investment Management LLC grew its position in Match Group by 30,240.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,512 shares during the period. Mather Group LLC. increased its stake in Match Group by 130.1% during the first quarter. Mather Group LLC. now owns 2,536 shares of the technology company’s stock worth $79,000 after acquiring an additional 1,434 shares during the last quarter. Finally, CX Institutional purchased a new stake in Match Group in the first quarter valued at $103,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Transactions at Match Group

In other news, Director Stephen Bailey sold 12,500 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $36.72, for a total transaction of $459,000.00. Following the completion of the transaction, the director directly owned 8,058 shares of the company’s stock, valued at approximately $295,889.76. The trade was a 60.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is owned by corporate insiders.

Match Group Trading Up 2.0%

Shares of NASDAQ MTCH opened at $36.42 on Wednesday. The stock has a market cap of $9.12 billion, a P/E ratio of 17.94, a PEG ratio of 0.71 and a beta of 1.36. The business’s fifty day simple moving average is $32.63 and its 200-day simple moving average is $31.60. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $38.77.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. Match Group’s dividend payout ratio (DPR) is currently 37.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MTCH shares. Barclays decreased their price target on Match Group from $52.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus decreased their target price on shares of Match Group from $35.00 to $29.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen lowered shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th. JPMorgan Chase & Co. boosted their price target on shares of Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, Susquehanna upped their price objective on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.44.

About Match Group

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.