CANADA LIFE ASSURANCE Co Decreases Position in Match Group, Inc. (NASDAQ:MTCH)

CANADA LIFE ASSURANCE Co trimmed its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 20.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 330,435 shares of the technology company's stock after selling 83,776 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.13% of Match Group worth $10,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Match Group in the 4th quarter valued at approximately $43,000. Assetmark Inc. boosted its position in shares of Match Group by 14.2% during the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after buying an additional 378 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Match Group by 420.3% during the 4th quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock worth $107,000 after buying an additional 2,652 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Match Group in the fourth quarter worth about $116,000. Finally, Blue Trust Inc. grew its stake in shares of Match Group by 96.4% during the 4th quarter. Blue Trust Inc. now owns 5,071 shares of the technology company's stock worth $166,000 after acquiring an additional 2,489 shares during the period. Institutional investors own 94.05% of the company's stock.

Insider Activity

In related news, President Gary Swidler sold 242,209 shares of the firm's stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.77% of the company's stock.

Match Group Trading Down 0.4 %

Shares of MTCH traded down $0.12 on Friday, reaching $30.07. 2,734,914 shares of the company's stock were exchanged, compared to its average volume of 4,934,437. The stock 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 12 month low of $26.39 and a 12 month high of $38.84. The business has a 50 day moving average price of $30.70 and a two-hundred day moving average price of $32.73.

Match Group (NASDAQ:MTCH - Get Free Report) last released 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 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 EPS for the current year.

Match Group Announces Dividend

The business 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. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.53%. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays reduced their target price on Match Group from $53.00 to $52.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Morgan Stanley dropped their target price on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Citigroup decreased their target price on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Friday. Wells Fargo & Company cut their target price on shares of Match Group from $32.00 to $31.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus lowered their target price on Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a research report on Wednesday. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Match Group has an average rating of "Hold" and a consensus price target of $36.58.

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.