Landscape Capital Management L.L.C. Buys 79,043 Shares of Match Group Inc. $MTCH

Landscape Capital Management L.L.C. grew its stake in Match Group Inc. (NASDAQ:MTCH) by 38.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 282,105 shares of the technology company’s stock after purchasing an additional 79,043 shares during the period. Match Group makes up approximately 0.6% of Landscape Capital Management L.L.C.’s holdings, making the stock its 23rd largest holding. Landscape Capital Management L.L.C. owned approximately 0.12% of Match Group worth $9,109,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Activest Wealth Management grew its stake in shares of Match Group by 6,523.1% in the 4th quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock valued at $28,000 after purchasing an additional 848 shares during the period. Advisory Services Network LLC bought a new stake in shares of Match Group in the 3rd quarter valued at approximately $28,000. Rossby Financial LCC grew its stake in shares of Match Group by 126.5% in the 3rd quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after purchasing an additional 506 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Match Group by 53.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after purchasing an additional 356 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Match Group in the 4th quarter valued at approximately $38,000. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Up 0.9%

MTCH stock opened at $34.89 on Friday. The business’s fifty day moving average is $35.18 and its 200-day moving average is $32.96. The company has a market cap of $8.14 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.56 and a beta of 1.33. Match Group Inc. has a twelve month low of $28.81 and a twelve month high of $39.20.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a $0.20 dividend. 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 2.3%. Match Group’s dividend payout ratio is 30.53%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MTCH shares. Weiss Ratings upgraded Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Morgan Stanley upped their price objective on Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. TD Cowen upped their price objective on Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 4th. UBS Group increased their price target on Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Citigroup increased their price target on Match Group from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.07.

Insider Buying and Selling at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the transaction, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. This represents a 24.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is currently owned by company insiders.

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.