Natixis Buys 25,634 Shares of Match Group Inc. $MTCH

Natixis boosted its holdings in shares of Match Group Inc. (NASDAQ:MTCH) by 45.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,253 shares of the technology company’s stock after purchasing an additional 25,634 shares during the period. Natixis’ holdings in Match Group were worth $2,541,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MTCH. Pale Fire Capital SE acquired a new stake in shares of Match Group in the 2nd quarter valued at approximately $12,867,000. Bollard Group LLC lifted its position in shares of Match Group by 0.7% in the second quarter. Bollard Group LLC now owns 54,558 shares of the technology company’s stock worth $1,685,000 after purchasing an additional 356 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Match Group by 1.2% during the 2nd quarter. California Public Employees Retirement System now owns 421,527 shares of the technology company’s stock worth $13,021,000 after buying an additional 4,806 shares during the last quarter. Callodine Capital Management LP boosted its position in Match Group by 67.3% during the second quarter. Callodine Capital Management LP now owns 1,355,000 shares of the technology company’s stock valued at $41,856,000 after purchasing an additional 545,000 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Match Group in the 2nd quarter valued at approximately $244,000. 94.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Match Group

In other news, CEO Spencer M. Rascoff acquired 14,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were acquired at an average cost of $31.84 per share, for a total transaction of $445,760.00. Following the purchase, the chief executive officer owned 165,128 shares of the company’s stock, valued at approximately $5,257,675.52. The trade was a 9.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.64% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $37.00 price target on shares of Match Group in a report on Wednesday. Wall Street Zen lowered Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Raymond James Financial reaffirmed a “market perform” rating on shares of Match Group in a report on Wednesday. Morgan Stanley reduced their price objective on Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Monday, October 20th. Finally, Wells Fargo & Company decreased their target price on shares of Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Four analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $35.13.

Match Group Price Performance

MTCH opened at $33.81 on Thursday. The firm has a market capitalization of $7.98 billion, a PE ratio of 15.80, a P/E/G ratio of 0.75 and a beta of 1.34. Match Group Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.20. The company’s 50-day moving average is $32.89 and its 200 day moving average is $33.78.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, January 6th. This represents a $0.76 annualized dividend and a yield of 2.2%. Match Group’s dividend payout ratio is presently 35.51%.

Match Group Company 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.