Banco Bilbao Vizcaya Argentaria S.A. Has $2.88 Million Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Banco Bilbao Vizcaya Argentaria S.A. lifted its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,935 shares of the technology company's stock after purchasing an additional 8,802 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Match Group were worth $2,878,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MTCH shares. JPMorgan Chase & Co. lowered their price objective on Match Group from $33.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Hsbc Global Res lowered shares of Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Morgan Stanley dropped their price target on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Barclays decreased their price objective on shares of Match Group from $53.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Finally, Citigroup dropped their target price on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Friday. Fifteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Match Group presently has a consensus rating of "Hold" and an average target price of $36.58.

Insider Buying and Selling

In other Match Group news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction that occurred 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 of the company's stock, valued at $55,533.40. This trade represents a 99.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by corporate insiders.

Match Group Stock Performance

MTCH stock opened at $30.07 on Friday. The business has a 50-day simple moving average of $30.60 and a two-hundred day simple moving average of $32.65. The company has a market capitalization of $7.53 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a 52-week low of $26.39 and a 52-week high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last announced its 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 net margin of 15.84% and a negative return on equity of 574.22%. As a group, sell-side analysts forecast that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Thursday, April 3rd. Match Group's payout ratio is currently 37.62%.

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.

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