US Bancorp DE Cuts Stock Position in Match Group Inc. $MTCH

US Bancorp DE cut its holdings in Match Group Inc. (NASDAQ:MTCH) by 39.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,960 shares of the technology company’s stock after selling 16,705 shares during the quarter. US Bancorp DE’s holdings in Match Group were worth $802,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTCH. GAMMA Investing LLC grew its holdings in shares of Match Group by 79.2% in the first quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company’s stock valued at $289,000 after purchasing an additional 4,090 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Match Group by 104.0% in the first quarter. SG Americas Securities LLC now owns 23,354 shares of the technology company’s stock valued at $729,000 after purchasing an additional 614,561 shares in the last quarter. QRG Capital Management Inc. lifted its position in Match Group by 34.0% in the first quarter. QRG Capital Management Inc. now owns 15,897 shares of the technology company’s stock worth $496,000 after buying an additional 4,035 shares during the last quarter. Blue Trust Inc. lifted its position in Match Group by 34.1% in the first quarter. Blue Trust Inc. now owns 7,382 shares of the technology company’s stock worth $230,000 after buying an additional 1,878 shares during the last quarter. Finally, Manning & Napier Advisors LLC lifted its position in Match Group by 99.9% in the first quarter. Manning & Napier Advisors LLC now owns 250,000 shares of the technology company’s stock worth $7,800,000 after buying an additional 124,955 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Trading Up 0.2%

NASDAQ MTCH opened at $32.43 on Friday. The company’s 50-day moving average price is $36.24 and its 200-day moving average price is $32.77. The stock has a market cap of $7.80 billion, a PE ratio of 15.98, a PEG ratio of 0.64 and a beta of 1.38. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $39.20.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were issued a $0.19 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. Match Group’s dividend payout ratio is presently 37.44%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price target on Match Group from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, June 27th. Evercore ISI raised their price target on Match Group from $32.00 to $38.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 6th. Susquehanna raised their price target on Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised their price target on Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. According to MarketBeat, Match Group currently has a consensus rating of “Hold” and a consensus price target of $35.44.

Insider Activity at Match Group

In related news, Director Ann Mcdaniel sold 5,423 shares of Match Group stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the sale, the director directly owned 21,926 shares in the company, valued at $823,979.08. The trade was a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stephen Bailey sold 12,500 shares of Match Group stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $36.72, for a total value of $459,000.00. Following the completion of the sale, the director owned 8,058 shares of the company’s stock, valued at $295,889.76. The trade was a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,454 shares of company stock worth $907,839 over the last three months. 0.64% of the stock is owned by corporate insiders.

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.