Aware Super Pty Ltd as trustee of Aware Super Invests $1.12 Million in Match Group, Inc. (NASDAQ:MTCH)

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Match Group, Inc. (NASDAQ:MTCH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,230 shares of the technology company's stock, valued at approximately $1,120,000.

Several other hedge funds have also modified their holdings of MTCH. Nisa Investment Advisors LLC lifted its stake in Match Group by 94.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company's stock worth $1,947,000 after purchasing an additional 28,884 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Match Group by 17.0% in the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock valued at $211,818,000 after buying an additional 939,078 shares during the period. Nordea Investment Management AB grew its position in Match Group by 56.8% during the fourth quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company's stock worth $78,733,000 after buying an additional 866,026 shares during the period. Penn Davis Mcfarland Inc. boosted its position in shares of Match Group by 1.8% in the 4th quarter. Penn Davis Mcfarland Inc. now owns 478,913 shares of the technology company's stock worth $15,665,000 after buying an additional 8,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Match Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock valued at $87,267,000 after acquiring an additional 69,947 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Match Group news, President Gary Swidler sold 242,209 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the transaction, the president now directly owns 1,690 shares of the company's stock, valued at $55,533.40. This represents a 99.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.77% of the company's stock.

Match Group Trading Up 1.3 %

Shares of MTCH stock traded up $0.37 on Friday, hitting $29.02. The stock had a trading volume of 3,561,208 shares, compared to its average volume of 4,942,522. Match Group, Inc. has a twelve month low of $26.39 and a twelve month high of $38.84. The company has a fifty day moving average price of $31.08 and a two-hundred day moving average price of $32.95. The firm has a market cap of $7.27 billion, a P/E ratio of 14.37, a PEG ratio of 0.82 and a beta of 1.49.

Match Group (NASDAQ:MTCH - Get Free Report) last announced its earnings results on Tuesday, February 4th. The technology company reported $0.62 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, analysts expect that Match Group, Inc. will post 2.44 earnings per share for the current year.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were paid a $0.19 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.62%. Match Group's dividend payout ratio is 37.62%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MTCH. Stifel Nicolaus dropped their price target on shares of Match Group from $36.00 to $35.00 and set a "hold" rating for the company in a research report on Thursday, February 6th. Barclays lowered their target price on shares of Match Group from $53.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. HSBC lowered Match Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Evercore ISI downgraded Match Group from an "outperform" rating to an "inline" rating and set a $35.00 price target on the stock. in a report on Thursday, February 6th. Finally, Hsbc Global Res downgraded Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $37.58.

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.