Minneapolis Portfolio Management Group LLC Acquires 13,988 Shares of Match Group Inc. $MTCH

Minneapolis Portfolio Management Group LLC increased its holdings in Match Group Inc. (NASDAQ:MTCH) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 731,767 shares of the technology company’s stock after purchasing an additional 13,988 shares during the quarter. Match Group makes up approximately 2.7% of Minneapolis Portfolio Management Group LLC’s holdings, making the stock its 25th largest holding. Minneapolis Portfolio Management Group LLC’s holdings in Match Group were worth $23,629,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Woodline Partners LP bought a new position in Match Group in the first quarter worth about $662,000. Northwestern Mutual Wealth Management Co. raised its stake in Match Group by 20.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,260 shares of the technology company’s stock worth $162,000 after buying an additional 891 shares in the last quarter. First Trust Advisors LP raised its stake in Match Group by 45.9% in the second quarter. First Trust Advisors LP now owns 649,721 shares of the technology company’s stock worth $20,070,000 after buying an additional 204,472 shares in the last quarter. Amundi raised its stake in Match Group by 1,477.6% in the second quarter. Amundi now owns 358,709 shares of the technology company’s stock worth $11,637,000 after buying an additional 335,971 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in Match Group in the second quarter worth about $298,000. 94.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Match Group

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $35.94, for a total transaction of $184,767.54. Following the completion of the transaction, the director owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This trade represents a 24.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MTCH shares. Wells Fargo & Company increased their price target on shares of Match Group from $30.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Barclays increased their price target on shares of Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. TD Cowen increased their price target on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, Royal Bank Of Canada increased their price target on shares of Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Match Group currently has a consensus rating of “Hold” and a consensus price target of $41.07.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $36.76 on Tuesday. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $39.20. The company has a 50 day simple moving average of $34.46 and a two-hundred day simple moving average of $32.80. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 14.03, a P/E/G ratio of 0.58 and a beta of 1.36.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.2%. Match Group’s dividend payout ratio (DPR) is currently 30.53%.

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.