American Century Companies Inc. Sells 187,087 Shares of Match Group, Inc. (NASDAQ:MTCH)

American Century Companies Inc. lowered its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 79.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,430 shares of the technology company's stock after selling 187,087 shares during the quarter. American Century Companies Inc.'s holdings in Match Group were worth $1,617,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MTCH. Assetmark Inc. boosted its holdings in Match Group by 14.2% in 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 period. Principal Securities Inc. boosted its stake in Match Group by 420.3% in the fourth 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 during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Match Group during the 4th quarter worth approximately $116,000. Blue Trust Inc. boosted its position in Match Group by 96.4% during the 4th quarter. Blue Trust Inc. now owns 5,071 shares of the technology company's stock valued at $166,000 after purchasing an additional 2,489 shares during the period. Finally, Allworth Financial LP increased its position in Match Group by 432.3% in the fourth quarter. Allworth Financial LP now owns 5,387 shares of the technology company's stock worth $175,000 after buying an additional 4,375 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Buying and Selling

In other news, President Gary Swidler sold 242,209 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the transaction, the president now owns 1,690 shares in the company, valued at $55,533.40. This represents a 99.31 % decrease in their position. The sale was disclosed in a document filed 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 1.2 %

Shares of MTCH traded up $0.34 during trading hours on Tuesday, reaching $28.99. The company's stock had a trading volume of 151,051 shares, compared to its average volume of 4,930,762. The company has a 50 day moving average of $31.48 and a two-hundred day moving average of $33.12. Match Group, Inc. has a 1-year low of $26.39 and a 1-year high of $38.84. The firm has a market cap of $7.26 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 0.82 and a beta of 1.49.

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

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.62%. Match Group's dividend payout ratio is 37.62%.

Wall Street Analyst Weigh In

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

Match Group 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.