71,288 Shares in Match Group Inc. $MTCH Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new position in shares of Match Group Inc. (NASDAQ:MTCH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 71,288 shares of the technology company’s stock, valued at approximately $2,518,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in shares of Match Group by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock valued at $385,590,000 after purchasing an additional 162,330 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Match Group by 7.8% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 5,852,947 shares of the technology company’s stock worth $180,798,000 after buying an additional 424,232 shares during the period. Neuberger Berman Group LLC increased its position in Match Group by 7.1% during the second quarter. Neuberger Berman Group LLC now owns 5,287,202 shares of the technology company’s stock valued at $163,322,000 after acquiring an additional 349,963 shares during the last quarter. Norges Bank purchased a new stake in shares of Match Group in the second quarter valued at $134,429,000. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Match Group by 15,523.3% in the second quarter. Jupiter Asset Management Ltd. now owns 3,488,204 shares of the technology company’s stock valued at $107,751,000 after acquiring an additional 3,465,877 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Match Group

In other news, CEO Spencer M. Rascoff acquired 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average cost of $31.84 per share, for a total transaction of $445,760.00. Following the completion of the acquisition, the chief executive officer directly 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Match Group Stock Up 0.4%

Shares of NASDAQ:MTCH opened at $31.15 on Friday. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $39.20. The stock has a market cap of $7.35 billion, a P/E ratio of 14.56, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33. The business’s 50 day moving average is $32.51 and its 200 day moving average is $34.01.

Match Group Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on MTCH shares. UBS Group set a $37.00 price target on shares of Match Group in a research note on Tuesday, January 13th. Raymond James Financial restated a “market perform” rating on shares of Match Group in a research report on Wednesday, December 10th. Wells Fargo & Company reduced their price target on Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Morgan Stanley boosted their price objective on Match Group from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Match Group in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.38.

About Match Group

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.