SWS Partners Buys 1,553 Shares of Match Group Inc. $MTCH

SWS Partners lifted its holdings in shares of Match Group Inc. (NASDAQ:MTCH) by 2.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,587 shares of the technology company’s stock after acquiring an additional 1,553 shares during the quarter. SWS Partners’ holdings in Match Group were worth $2,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in shares of Match Group during the 1st quarter worth approximately $37,000. SVB Wealth LLC bought a new position in shares of Match Group during the 1st quarter worth approximately $49,000. Summit Securities Group LLC bought a new position in shares of Match Group during the 1st quarter worth approximately $54,000. Mather Group LLC. boosted its stake in shares of Match Group by 130.1% during the 1st 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 period. Finally, CX Institutional bought a new position in shares of Match Group during the 1st quarter worth approximately $103,000. 94.05% of the stock is currently owned by institutional investors.

Insider Transactions at Match Group

In other Match Group news, Director Stephen Bailey sold 12,500 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $36.72, for a total value of $459,000.00. Following the completion of the transaction, the director owned 8,058 shares of the company’s stock, valued at $295,889.76. This represents a 60.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Philip D. Eigenmann sold 6,531 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer directly owned 23,240 shares of the company’s stock, valued at approximately $871,964.80. The trade was a 21.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,454 shares of company stock valued at $907,839. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

MTCH has been the subject of several research analyst reports. Susquehanna lifted their target price on Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Wall Street Zen downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th. UBS Group boosted their price target on Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target on Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company boosted their price target 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. Five research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.44.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $37.90 on Thursday. The stock has a market capitalization of $9.12 billion, a PE ratio of 18.67, a P/E/G ratio of 0.76 and a beta of 1.36. The business has a fifty day moving average price of $35.39 and a two-hundred day moving average price of $32.07. Match Group Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.20.

Match Group Dividend Announcement

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

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.