Alliancebernstein L.P. Sells 15,142 Shares of Match Group, Inc. (NASDAQ:MTCH)

Alliancebernstein L.P. reduced its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 290,507 shares of the technology company's stock after selling 15,142 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Match Group worth $9,502,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MTCH. Assetmark Inc. grew its holdings in shares of Match Group by 14.2% during the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after purchasing an additional 378 shares during the last quarter. Principal Securities Inc. increased its position in Match Group by 420.3% in the 4th quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock valued at $107,000 after acquiring an additional 2,652 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Match Group during the fourth quarter valued at approximately $116,000. Blue Trust Inc. boosted its position in Match Group by 96.4% in the 4th quarter. Blue Trust Inc. now owns 5,071 shares of the technology company's stock valued at $166,000 after buying an additional 2,489 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of Match Group by 432.3% in the 4th quarter. Allworth Financial LP now owns 5,387 shares of the technology company's stock valued at $175,000 after buying an additional 4,375 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Stock Down 0.6 %

Shares of MTCH stock traded down $0.18 on Wednesday, reaching $28.90. The company had a trading volume of 377,586 shares, compared to its average volume of 4,922,636. The business's 50-day moving average is $31.37 and its 200 day moving average is $33.10. The stock has a market capitalization of $7.24 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a negative return on equity of 574.22% and a net margin of 15.84%. On average, sell-side analysts forecast that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.63%. Match Group's dividend payout ratio is presently 37.62%.

Wall Street Analysts Forecast Growth

MTCH has been the topic of several analyst reports. BTIG Research lowered shares of Match Group from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $33.00 price target (down from $40.00) on shares of Match Group in a research report on Wednesday, December 18th. Hsbc Global Res downgraded Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Evercore ISI lowered Match Group from an "outperform" rating to an "inline" rating and set a $35.00 target price on the stock. in a research note on Thursday, February 6th. Finally, Jefferies Financial Group restated a "hold" rating and set a $32.00 target price (down from $40.00) on shares of Match Group in a research report on Tuesday, December 17th. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $37.63.

Insider Buying and Selling at Match Group

In related news, President Gary Swidler sold 242,209 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the sale, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This represents a 99.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.77% of the company's stock.

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.