Lido Advisors LLC Takes Position in Match Group Inc. $MTCH

Lido Advisors LLC bought a new stake in Match Group Inc. (NASDAQ:MTCH) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 24,646 shares of the technology company’s stock, valued at approximately $761,000.

Other large investors also recently bought and sold shares of the company. Employees Retirement System of Texas purchased a new position in shares of Match Group in the 2nd quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Match Group by 56.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock worth $31,000 after buying an additional 362 shares during the period. SVB Wealth LLC acquired a new stake in Match Group in the first quarter valued at approximately $49,000. Summit Securities Group LLC acquired a new stake in Match Group in the first quarter valued at approximately $54,000. Finally, Harbour Investments Inc. lifted its stake in Match Group by 28.0% in the second quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after acquiring an additional 446 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MTCH. Evercore ISI dropped their price objective on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Wells Fargo & Company lowered their target price on shares of Match Group from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Truist Financial dropped their target price on Match Group from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, November 5th. Morgan Stanley decreased their price target on Match Group from $35.00 to $34.00 and set an “equal weight” rating for the company in a report on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $35.00.

Insider Buying and Selling

In other news, CEO Spencer M. Rascoff acquired 14,000 shares of Match Group stock in a transaction on Thursday, November 20th. The stock was bought at an average price of $31.84 per share, for a total transaction of $445,760.00. Following the completion of the purchase, the chief executive officer owned 165,128 shares in the company, valued at $5,257,675.52. This represents a 9.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Match Group Price Performance

NASDAQ MTCH opened at $34.52 on Friday. The company has a fifty day moving average of $32.98 and a two-hundred day moving average of $33.69. The company has a market capitalization of $8.15 billion, a PE ratio of 16.13, a P/E/G ratio of 0.76 and a beta of 1.34. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $39.20.

Match Group Announces Dividend

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

Match Group 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.