Oppenheimer & Co. Inc. acquired a new stake in Match Group Inc. (NASDAQ:MTCH – Free Report) in the first quarter, Holdings Channel reports. The firm acquired 45,010 shares of the technology company’s stock, valued at approximately $1,404,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Starboard Value LP increased its holdings in Match Group by 53.4% in the fourth quarter. Starboard Value LP now owns 14,656,970 shares of the technology company’s stock valued at $479,429,000 after purchasing an additional 5,100,824 shares during the period. Ameriprise Financial Inc. grew its holdings in Match Group by 24.2% during the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company’s stock worth $343,427,000 after acquiring an additional 2,042,677 shares during the period. Invesco Ltd. grew its holdings in Match Group by 25.3% during the 4th quarter. Invesco Ltd. now owns 5,827,217 shares of the technology company’s stock worth $190,608,000 after acquiring an additional 1,174,889 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Match Group by 110.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company’s stock worth $183,968,000 after acquiring an additional 2,952,470 shares during the period. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in Match Group by 11.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 5,467,257 shares of the technology company’s stock worth $178,834,000 after acquiring an additional 541,556 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Match Group
In other Match Group news, CEO Spencer M. Rascoff purchased 70,885 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the transaction, the chief executive officer now owns 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on Match Group
Match Group Stock Performance
Shares of NASDAQ MTCH opened at $30.85 on Friday. Match Group Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $38.84. The stock has a market cap of $7.73 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.69 and a beta of 1.35. The firm’s 50-day simple moving average is $30.10 and its 200 day simple moving average is $31.35.
Match Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.76 annualized dividend and a yield of 2.46%. Match Group’s payout ratio is 37.62%.
Match Group Company 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.
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