Match Group Inc. $MTCH Shares Acquired by Cwm LLC

Cwm LLC boosted its position in Match Group Inc. (NASDAQ:MTCH) by 3,228.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 266,406 shares of the technology company’s stock after buying an additional 258,402 shares during the quarter. Cwm LLC owned approximately 0.11% of Match Group worth $9,409,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Match Group in the 3rd quarter valued at approximately $25,000. Employees Retirement System of Texas bought a new position in Match Group during the second quarter worth $28,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Match Group by 56.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock worth $31,000 after purchasing an additional 362 shares during the period. Caldwell Trust Co bought a new stake in Match Group during the second quarter valued at $32,000. Finally, Harbour Investments Inc. raised its holdings in shares of Match Group by 28.0% during the second quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after purchasing an additional 446 shares during the period. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on MTCH shares. Evercore ISI decreased their price target on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a report on Wednesday, October 8th. Raymond James Financial reaffirmed a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 price target on shares of Match Group in a research report on Wednesday, December 10th. Finally, Wells Fargo & Company reduced their price objective on Match Group from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $35.42.

Insiders Place Their Bets

In other Match Group news, CEO Spencer M. Rascoff purchased 14,000 shares of Match Group stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $31.84 per share, for a total transaction of $445,760.00. Following the transaction, the chief executive officer owned 165,128 shares of the company’s stock, valued at $5,257,675.52. The trade was a 9.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.64% of the stock is owned by insiders.

Match Group Trading Down 0.5%

Shares of NASDAQ:MTCH opened at $32.39 on Tuesday. The firm’s 50 day moving average is $32.83 and its two-hundred day moving average is $33.98. The firm has a market capitalization of $7.65 billion, a P/E ratio of 15.14, a PEG ratio of 0.71 and a beta of 1.34. Match Group Inc. has a 52 week low of $26.39 and a 52 week high of $39.20.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, January 6th. Match Group’s dividend payout ratio (DPR) is currently 35.51%.

Match Group 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.