Vanguard Amends Match Group Stake, Files SC 13G/A on MTCH
Ticker: MTCH · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 891103
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: MTCH
TL;DR
**Vanguard updated its Match Group (MTCH) ownership, confirming its continued significant stake.**
AI Summary
The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of Match Group Inc. (MTCH) Common Stock as of December 29, 2023. This filing, an amendment number 12, updates their previous disclosures under Rule 13d-1(b). This matters to investors because Vanguard is a significant institutional holder, and changes in their reported stake can signal shifts in institutional confidence or investment strategy regarding Match Group.
Why It Matters
This filing confirms Vanguard's continued significant institutional ownership in Match Group, providing transparency on a major investor's position. Large institutional holdings can influence stock stability and investor perception.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate negative or positive event for the company.
Analyst Insight
Investors should note Vanguard's continued presence as a major holder, which can provide a baseline of institutional support for Match Group stock. While this filing doesn't reveal a change in ownership percentage, it confirms their ongoing stake, which is a positive for stability.
Key Players & Entities
- The Vanguard Group (company) — the reporting person and institutional investor
- Match Group Inc. (company) — the issuer of the securities
- December 29, 2023 (date) — the date of the event requiring the filing
- February 13, 2024 (date) — the filing date of the SC 13G/A
- Rule 13d-1(b) (other) — the rule under which the Schedule 13G is filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 12, as stated in the filing.
Who is the reporting person in this SC 13G/A filing?
The reporting person is The Vanguard Group, identified by IRS Identification No. 23-1945930, as stated in Item 1 of the filing.
What is the name of the issuer whose securities are being reported on?
The name of the issuer is Match Group Inc., as stated under 'Name of issuer' on the Schedule 13G cover page.
What is the CUSIP Number for the securities reported in this filing?
The CUSIP Number for the Common Stock of Match Group Inc. is 57667L107, as indicated on the Schedule 13G cover page and Item 1.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified on the Schedule 13G cover page.
Filing Stats: 811 words · 3 min read · ~3 pages · Grade level 11.3 · Accepted 2024-02-13 17:09:39
Filing Documents
- tv01418-matchgroupinc.htm (SC 13G/A) — 11KB
- 0001104659-24-021429.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: Match Group Inc
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: 8750 North Central Expressway, Suite 1400 Dallas, TX 75231
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 57667L107
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration