ING Groep NV Invests $1.10 Million in Match Group Inc. $MTCH

ING Groep NV purchased a new stake in Match Group Inc. (NASDAQ:MTCH) in the third quarter, according to its most recent filing with the SEC. The fund purchased 31,207 shares of the technology company’s stock, valued at approximately $1,102,000.

Several other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Match Group by 8.2% in the second quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after purchasing an additional 326 shares during the period. Bessemer Group Inc. lifted its position in shares of Match Group by 2.8% in the 3rd quarter. Bessemer Group Inc. now owns 12,281 shares of the technology company’s stock worth $432,000 after buying an additional 333 shares during the last quarter. Bollard Group LLC lifted its position in shares of Match Group by 0.7% in the 2nd quarter. Bollard Group LLC now owns 54,558 shares of the technology company’s stock worth $1,685,000 after buying an additional 356 shares during the last quarter. Exencial Wealth Advisors LLC boosted its holdings in shares of Match Group by 2.8% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 16,159 shares of the technology company’s stock valued at $499,000 after buying an additional 439 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of Match Group by 28.0% during the 2nd quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock valued at $63,000 after buying an additional 446 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wolfe Research set a $43.00 target price on shares of Match Group and gave the stock an “outperform” rating in a report on Monday, January 5th. Raymond James Financial reiterated a “market perform” rating on shares of Match Group in a research report on Wednesday, December 10th. Wall Street Zen raised Match Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. UBS Group set a $34.00 price objective on Match Group in a research note on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Match Group in a research report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.86.

Match Group Trading Up 1.9%

Shares of NASDAQ MTCH opened at $30.50 on Friday. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The company has a market cap of $7.20 billion, a PE ratio of 12.82, a P/E/G ratio of 0.57 and a beta of 1.32. The stock has a 50 day simple moving average of $32.01 and a 200-day simple moving average of $33.84.

Match Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This is a positive change from Match Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. Match Group’s dividend payout ratio (DPR) is currently 31.93%.

Insider Activity at Match Group

In related news, CEO Spencer M. Rascoff acquired 14,000 shares of the business’s 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 completion of the purchase, the chief executive officer directly owned 165,128 shares in the company, valued at $5,257,675.52. This trade represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.64% of the company’s stock.

Match Group Company 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.