New York State Teachers Retirement System Has $7.19 Million Holdings in Match Group Inc. $MTCH

New York State Teachers Retirement System reduced its position in Match Group Inc. (NASDAQ:MTCH) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 232,851 shares of the technology company’s stock after selling 801 shares during the period. New York State Teachers Retirement System owned about 0.09% of Match Group worth $7,193,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MTCH. Nuveen LLC acquired a new position in Match Group in the 1st quarter worth about $142,281,000. Invesco Ltd. increased its holdings 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 valued at $298,451,000 after acquiring an additional 3,738,509 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Match Group during the 1st quarter valued at about $77,783,000. Ameriprise Financial Inc. increased its holdings in shares of Match Group by 17.4% during the 1st quarter. Ameriprise Financial Inc. now owns 12,321,485 shares of the technology company’s stock valued at $384,808,000 after acquiring an additional 1,822,362 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Match Group by 126.1% during the 1st quarter. LSV Asset Management now owns 1,679,575 shares of the technology company’s stock valued at $52,403,000 after acquiring an additional 936,753 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Up 0.2%

Shares of NASDAQ:MTCH opened at $32.43 on Monday. The business has a 50 day moving average price of $36.24 and a 200 day moving average price of $32.79. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 0.64 and a beta of 1.38.

Match Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were paid a dividend of $0.19 per share. The ex-dividend date was Friday, October 3rd. This represents a $0.76 annualized dividend and a yield of 2.3%. Match Group’s dividend payout ratio is presently 37.44%.

Insider Activity at Match Group

In related news, Director Stephen Bailey sold 12,500 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $36.72, for a total transaction of $459,000.00. Following the completion of the sale, the director owned 8,058 shares in the company, 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 through this link. Also, CAO Philip D. Eigenmann sold 6,531 shares of the firm’s 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 completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 24,454 shares of company stock worth $907,839 in the last 90 days. 0.64% of the stock is owned by company insiders.

Analyst Ratings Changes

MTCH has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Wells Fargo & Company increased their price objective on Match Group from $31.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, June 27th. UBS Group increased their price objective on Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Evercore ISI increased their price objective on Match Group from $32.00 to $38.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. Finally, Susquehanna increased their price objective on Match Group from $40.00 to $45.00 and gave the company a “positive” rating in a report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Match Group presently has an average 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.