TD Private Client Wealth LLC Buys 3,705 Shares of Match Group, Inc. (NASDAQ:MTCH)

TD Private Client Wealth LLC boosted its position in Match Group, Inc. (NASDAQ:MTCH) by 131.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,515 shares of the technology company’s stock after purchasing an additional 3,705 shares during the period. TD Private Client Wealth LLC’s holdings in Match Group were worth $247,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MTCH. Starboard Value LP purchased a new position in shares of Match Group in the third quarter worth about $361,605,000. Versor Investments LP boosted its holdings in Match Group by 301.7% in the 3rd quarter. Versor Investments LP now owns 48,200 shares of the technology company’s stock worth $1,824,000 after buying an additional 36,200 shares during the period. Paloma Partners Management Co grew its stake in Match Group by 510.3% in the 3rd quarter. Paloma Partners Management Co now owns 65,086 shares of the technology company’s stock valued at $2,463,000 after buying an additional 54,422 shares in the last quarter. Aviance Capital Partners LLC bought a new stake in Match Group during the 3rd quarter valued at $2,170,000. Finally, Mawer Investment Management Ltd. raised its holdings in Match Group by 71.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 643,335 shares of the technology company’s stock valued at $24,344,000 after acquiring an additional 267,890 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MTCH. Barclays cut their price target on Match Group from $55.00 to $53.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Morgan Stanley cut their target price on Match Group from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday. Loop Capital decreased their price target on Match Group from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday. Bank of America raised their price objective on shares of Match Group from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, StockNews.com cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Match Group has an average rating of “Moderate Buy” and an average target price of $39.06.

Insider Buying and Selling

In other Match Group news, Director Stephen Bailey sold 801 shares of Match Group stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total transaction of $25,319.61. Following the transaction, the director now directly owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Match Group Stock Up 2.8 %

NASDAQ MTCH opened at $31.45 on Friday. The stock’s 50-day simple moving average is $34.35 and its two-hundred day simple moving average is $34.16. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $42.42. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.18 and a beta of 1.47.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, January 6th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.42%.

Match Group declared that its board has approved a stock buyback plan on Wednesday, December 11th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 19% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

About Match Group

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.