Landscape Capital Management L.L.C. Has $9.11 Million Stock Position in Match Group Inc. $MTCH

Landscape Capital Management L.L.C. lifted its position in Match Group Inc. (NASDAQ:MTCH) by 38.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 282,105 shares of the technology company’s stock after buying an additional 79,043 shares during the period. Match Group makes up about 0.6% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 23rd largest position. Landscape Capital Management L.L.C.’s holdings in Match Group were worth $9,109,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fieldview Capital Management LLC bought a new stake in shares of Match Group in the 3rd quarter valued at $1,803,000. GSA Capital Partners LLP increased its position in shares of Match Group by 327.7% in the 3rd quarter. GSA Capital Partners LLP now owns 50,252 shares of the technology company’s stock valued at $1,775,000 after buying an additional 38,502 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Match Group by 22.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 625,638 shares of the technology company’s stock valued at $20,202,000 after buying an additional 115,852 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Match Group in the 4th quarter valued at $1,299,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Match Group in the 3rd quarter valued at $1,863,000. 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 stock in a transaction dated 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 in the company, valued at $582,874.92. This represents a 24.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Match Group Trading Up 0.9%

MTCH stock opened at $34.89 on Friday. The stock has a 50-day moving average price of $35.18 and a two-hundred day moving average price of $32.96. The stock has a market cap of $8.14 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.56 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 disclosed 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 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, July 7th. Match Group’s dividend payout ratio is currently 30.53%.

Analyst Ratings Changes

A number of analysts recently commented on MTCH shares. Royal Bank Of Canada upped their price objective on shares of Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Piper Sandler set a $51.00 target price on Match Group in a report on Wednesday, May 6th. Barclays increased their target price on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.