Dimensional Fund Advisors LP Buys 92,364 Shares of Match Group Inc. $MTCH

Dimensional Fund Advisors LP increased its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 3.0% during the first quarter, HoldingsChannel reports. The fund owned 3,183,576 shares of the technology company’s stock after buying an additional 92,364 shares during the period. Dimensional Fund Advisors LP’s holdings in Match Group were worth $97,761,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in shares of Match Group by 1,163.7% in the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock valued at $216,791,000 after purchasing an additional 5,652,174 shares during the period. Norges Bank acquired a new position in shares of Match Group during the fourth quarter worth about $112,641,000. State Street Corp boosted its position in shares of Match Group by 14.6% during the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after buying an additional 2,461,025 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Match Group by 58.9% during the fourth quarter. Bank of New York Mellon Corp now owns 2,997,395 shares of the technology company’s stock worth $96,786,000 after buying an additional 1,111,419 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Match Group by 338.3% during the first quarter. Principal Financial Group Inc. now owns 1,143,744 shares of the technology company’s stock worth $35,124,000 after buying an additional 882,821 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

MTCH has been the topic of several research reports. Barclays boosted their target price on Match Group from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Wells Fargo & Company raised their price target on shares of Match Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. UBS Group lifted their price objective on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Piper Sandler set a $51.00 price objective on shares of Match Group in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their target price on shares of Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating 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 MarketBeat, Match Group presently has an average rating of “Hold” and a consensus price target of $41.29.

Match Group Stock Up 0.3%

Shares of NASDAQ MTCH opened at $39.40 on Thursday. The business’s 50 day moving average price is $36.92 and its two-hundred day moving average price is $34.07. The company has a market cap of $9.19 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 0.63 and a beta of 1.30. Match Group Inc. has a twelve month low of $28.81 and a twelve month high of $41.03.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.07. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The company had revenue of $863.93 million during the quarter, compared to analysts’ expectations of $854.70 million. During the same period last year, the firm posted $0.44 earnings per share. The business’s revenue was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that Match Group Inc. will post 3.11 EPS for the current fiscal year.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $0.80 annualized dividend and a yield of 2.0%. Match Group’s dividend payout ratio (DPR) is currently 30.53%.

Insider Buying and Selling

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of Match Group 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 completion of the transaction, the director directly owned 16,218 shares of the company’s stock, valued at $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.71% 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.