Match Group Inc. $MTCH Shares Bought by Czech National Bank

Czech National Bank lifted its position in Match Group Inc. (NASDAQ:MTCH) by 3.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,941 shares of the technology company’s stock after acquiring an additional 2,270 shares during the period. Czech National Bank’s holdings in Match Group were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTCH. Ameriprise Financial Inc. raised its position in Match Group by 17.4% in the first quarter. Ameriprise Financial Inc. now owns 12,321,485 shares of the technology company’s stock valued at $384,808,000 after purchasing an additional 1,822,362 shares during the period. Invesco Ltd. boosted its position in shares of Match Group by 64.2% during the 1st quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company’s stock worth $298,451,000 after acquiring an additional 3,738,509 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Match Group by 10.0% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,573,084 shares of the technology company’s stock valued at $173,880,000 after purchasing an additional 506,763 shares during the period. Nuveen LLC acquired a new stake in shares of Match Group in the 1st quarter valued at about $142,281,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Match Group by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,765,162 shares of the technology company’s stock worth $86,273,000 after acquiring an additional 97,255 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Trading Down 0.2%

NASDAQ:MTCH opened at $38.51 on Friday. The firm has a market capitalization of $9.27 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.36. The stock has a 50 day moving average of $36.13 and a 200-day moving average of $32.37. Match Group Inc. has a 52 week low of $26.39 and a 52 week high of $39.20.

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 3rd. Match Group’s dividend payout ratio (DPR) is presently 37.44%.

Insider Buying and Selling at Match Group

In other news, CAO Philip D. Eigenmann sold 6,531 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total value of $245,043.12. Following the completion of the sale, the chief accounting officer owned 23,240 shares in the company, valued at $871,964.80. This represents a 21.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mcdaniel sold 5,423 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total value of $203,796.34. Following the sale, the director owned 21,926 shares of the company’s stock, valued at approximately $823,979.08. This represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,454 shares of company stock valued at $907,839. 0.64% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Evercore ISI raised their price target on Match Group from $32.00 to $38.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised their price objective on Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Susquehanna raised their price objective on Match Group from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Wells Fargo & Company raised their price objective on Match Group from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, June 27th. Finally, UBS Group raised their price objective on Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Five research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, Match Group presently has a consensus rating of “Hold” and a consensus price target of $35.44.

Match Group Profile

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.