46,466 Shares in Match Group Inc. $MTCH Acquired by Prudential PLC

Prudential PLC bought a new position in Match Group Inc. (NASDAQ:MTCH) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 46,466 shares of the technology company’s stock, valued at approximately $1,500,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTCH. Woodline Partners LP purchased a new stake in Match Group in the first quarter worth approximately $662,000. Northwestern Mutual Wealth Management Co. boosted its holdings 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 purchasing an additional 891 shares during the last quarter. First Trust Advisors LP boosted its holdings 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 purchasing an additional 204,472 shares during the last quarter. Amundi boosted its holdings 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 purchasing an additional 335,971 shares during the last quarter. Finally, Cresset Asset Management LLC purchased a new stake in Match Group in the second quarter worth approximately $298,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MTCH shares. Piper Sandler set a $51.00 target price on shares of Match Group in a report on Wednesday, May 6th. Barclays lifted 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. TD Cowen lifted 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. Weiss Ratings upgraded shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company lifted 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. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.07.

Match Group Price Performance

Shares of Match Group stock opened at $34.42 on Monday. The company’s fifty day simple moving average is $34.77 and its 200-day simple moving average is $32.86. The stock has a market capitalization of $8.03 billion, a PE ratio of 13.14, a P/E/G ratio of 0.55 and a beta of 1.33. Match Group Inc. has a 1-year low of $28.81 and a 1-year high of $39.20.

Match Group Announces Dividend

The firm 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, July 7th. Match Group’s dividend payout ratio (DPR) is currently 30.53%.

Insider Buying and Selling at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction 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 sale, the director directly owned 16,218 shares in the company, valued at $582,874.92. This trade represents a 24.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is owned by corporate insiders.

Match Group Profile

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.