BI Asset Management Fondsmaeglerselskab A S Purchases New Shares in Match Group, Inc. (NASDAQ:MTCH)

BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 43,600 shares of the technology company's stock, valued at approximately $1,426,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its stake in shares of Match Group by 94.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company's stock valued at $1,947,000 after buying an additional 28,884 shares during the period. Pacer Advisors Inc. lifted its position in shares of Match Group by 17.0% during the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock valued at $211,818,000 after acquiring an additional 939,078 shares during the period. Nordea Investment Management AB grew its holdings in shares of Match Group by 56.8% during the 4th quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company's stock worth $78,733,000 after purchasing an additional 866,026 shares in the last quarter. Penn Davis Mcfarland Inc. increased its position in shares of Match Group by 1.8% in the fourth 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 period. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 purchasing an additional 69,947 shares in the last quarter. 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 Match Group stock in a transaction dated 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 transaction, the president now directly owns 1,690 shares of the company's stock, valued at approximately $55,533.40. This trade represents a 99.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.77% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on MTCH shares. Hsbc Global Res downgraded shares of Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. StockNews.com upgraded shares of Match Group from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on shares of Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. cut their target price on Match Group from $33.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, BTIG Research lowered Match Group from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Fourteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $37.25.

Match Group Stock Up 2.2 %

Shares of NASDAQ:MTCH opened at $29.71 on Wednesday. The firm has a market cap of $7.44 billion, a P/E ratio of 14.71, a P/E/G ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a 12-month low of $26.39 and a 12-month high of $38.84. The business has a fifty day simple moving average of $30.89 and a 200 day simple moving average of $32.80.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 574.22% and a net margin of 15.84%. As a group, equities research analysts expect that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Thursday, April 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

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.

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