Bridgewater Associates LP boosted its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 58.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 636,998 shares of the technology company's stock after purchasing an additional 234,850 shares during the period. Bridgewater Associates LP owned about 0.25% of Match Group worth $20,836,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of MTCH. Wellington Management Group LLP boosted its stake in Match Group by 12.1% in the third quarter. Wellington Management Group LLP now owns 8,508 shares of the technology company's stock valued at $322,000 after acquiring an additional 919 shares during the last quarter. M&T Bank Corp lifted its stake in Match Group by 13.2% in the 3rd quarter. M&T Bank Corp now owns 21,551 shares of the technology company's stock valued at $816,000 after acquiring an additional 2,507 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in Match Group in the third quarter valued at $249,000. Boyar Asset Management Inc. bought a new position in Match Group in the third quarter valued at approximately $1,376,000. Finally, Franklin Resources Inc. increased its stake in shares of Match Group by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 276,775 shares of the technology company's stock worth $10,459,000 after purchasing an additional 22,887 shares during the last quarter. Institutional investors own 94.05% of the company's stock.
Match Group Price Performance
NASDAQ MTCH traded up $0.37 during trading hours on Friday, hitting $29.02. 3,561,208 shares of the company's stock traded hands, compared to its average volume of 4,942,522. The firm's 50-day moving average is $31.08 and its 200-day moving average is $32.95. Match Group, Inc. has a 52-week low of $26.39 and a 52-week high of $38.84. The company has a market capitalization of $7.27 billion, a PE ratio of 14.37, a PEG ratio of 0.82 and a beta of 1.49.
Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 earnings per share 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%. Equities research analysts predict that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.
Match Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend was Thursday, April 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.
Insider Activity at Match Group
In related news, President Gary Swidler sold 242,209 shares of the business's 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 sale, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. The trade was a 99.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Several equities analysts have recently commented on MTCH shares. Barclays dropped 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 report on Thursday, February 6th. Wells Fargo & Company cut their target price on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Hsbc Global Res lowered shares of Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. BTIG Research downgraded shares of Match Group from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Finally, Evercore ISI lowered shares of Match Group from an "outperform" rating to an "inline" rating and set a $35.00 target price for the company. in a research note on Thursday, February 6th. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Match Group presently has an average rating of "Hold" and a consensus target price of $37.58.
Read Our Latest Analysis on Match Group
About Match Group
(
Free Report)
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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