13,481 Shares in Match Group Inc. $MTCH Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new stake in Match Group Inc. (NASDAQ:MTCH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,481 shares of the technology company’s stock, valued at approximately $416,000.

Other large investors also recently modified their holdings of the company. CWM LLC grew its position in shares of Match Group by 33.7% in the 1st quarter. CWM LLC now owns 12,528 shares of the technology company’s stock valued at $391,000 after purchasing an additional 3,155 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Match Group by 21.0% in the first quarter. Victory Capital Management Inc. now owns 211,966 shares of the technology company’s stock valued at $6,613,000 after buying an additional 36,739 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Match Group during the first quarter worth $779,000. Sound Shore Management Inc. CT raised its holdings in shares of Match Group by 64.9% during the first quarter. Sound Shore Management Inc. CT now owns 2,014,123 shares of the technology company’s stock worth $62,841,000 after acquiring an additional 792,408 shares during the period. Finally, Assetmark Inc. lifted its position in Match Group by 14.1% in the 1st quarter. Assetmark Inc. now owns 3,464 shares of the technology company’s stock valued at $108,000 after acquiring an additional 429 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MTCH. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Truist Financial cut their target price on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. JPMorgan Chase & Co. raised their price target on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Morgan Stanley lowered their price objective on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.00.

Insider Activity at Match Group

In other news, Director Ann Mcdaniel sold 5,423 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 21,926 shares of the company’s stock, valued at $823,979.08. This trade represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Philip D. Eigenmann sold 6,531 shares of Match Group stock in a transaction that occurred 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 transaction, the chief accounting officer owned 23,240 shares of the company’s stock, valued at $871,964.80. This represents a 21.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.64% of the stock is owned by corporate insiders.

Match Group Price Performance

Shares of MTCH opened at $32.28 on Monday. The company has a market cap of $7.62 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41. The firm has a 50-day moving average of $34.35 and a 200-day moving average of $33.34. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 6th. Match Group’s payout ratio is 35.51%.

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.