Dynamic Technology Lab Private Ltd Has $2.55 Million Position in Match Group Inc. $MTCH

Dynamic Technology Lab Private Ltd increased its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 88.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 78,989 shares of the technology company’s stock after buying an additional 37,076 shares during the period. Match Group accounts for about 0.6% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 10th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Match Group were worth $2,551,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MTCH. Woodline Partners LP bought a new stake in shares of Match Group during the 1st quarter worth about $662,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Match Group by 20.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,260 shares of the technology company’s stock worth $162,000 after buying an additional 891 shares during the period. First Trust Advisors LP boosted its holdings in shares of Match Group by 45.9% during the 2nd quarter. First Trust Advisors LP now owns 649,721 shares of the technology company’s stock worth $20,070,000 after buying an additional 204,472 shares during the period. Amundi boosted its holdings in shares of Match Group by 1,477.6% during the 2nd quarter. Amundi now owns 358,709 shares of the technology company’s stock worth $11,637,000 after buying an additional 335,971 shares during the period. Finally, Cresset Asset Management LLC bought a new stake in shares of Match Group during the 2nd quarter worth about $298,000. Institutional investors own 94.05% of the company’s stock.

Insider Activity at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This represents a 24.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $34.89 on Friday. Match Group Inc. has a 52 week low of $28.81 and a 52 week high of $39.20. The stock has a market capitalization of $8.14 billion, a P/E ratio of 13.32, a PEG ratio of 0.55 and a beta of 1.33. The stock’s fifty day moving average is $35.18 and its 200 day moving average is $32.96.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be given a $0.20 dividend. The ex-dividend date 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 (DPR) is presently 30.53%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MTCH. Wall Street Zen raised shares of Match Group from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $43.00 price objective on shares of Match Group in a report on Wednesday, May 6th. Piper Sandler set a $51.00 price objective on shares of Match Group in a report on Wednesday, May 6th. Citigroup boosted their price objective on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, Truist Financial set a $37.00 price objective on shares of Match Group in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, Match Group has a consensus rating of “Hold” and a consensus target price of $41.07.

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.