Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 271.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 506,462 shares of the technology company's stock after purchasing an additional 370,058 shares during the quarter. Envestnet Asset Management Inc. owned about 0.20% of Match Group worth $16,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. purchased a new position in shares of Match Group during the fourth quarter valued at about $2,352,000. Prudential PLC grew its holdings in Match Group by 159.2% during the fourth quarter. Prudential PLC now owns 36,070 shares of the technology company's stock valued at $1,180,000 after purchasing an additional 22,153 shares during the period. Intrepid Capital Management Inc. lifted its stake in shares of Match Group by 17.2% during the 4th quarter. Intrepid Capital Management Inc. now owns 68,862 shares of the technology company's stock valued at $2,252,000 after buying an additional 10,091 shares in the last quarter. Groupama Asset Managment bought a new stake in shares of Match Group during the fourth quarter valued at approximately $41,663,000. Finally, National Bank of Canada FI boosted its stake in Match Group by 12.3% during the fourth quarter. National Bank of Canada FI now owns 116,279 shares of the technology company's stock valued at $3,803,000 after buying an additional 12,770 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 mid-day trading on Friday, hitting $29.02. 3,561,208 shares of the company's stock were exchanged, compared to its average volume of 4,938,093. The company has a market cap of $7.27 billion, a PE ratio of 14.37, a P/E/G ratio of 0.82 and a beta of 1.49. The business has a fifty day moving average price of $31.17 and a 200 day moving average price of $33.01. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last posted 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 net margin of 15.84% and a negative return on equity of 574.22%. On average, equities analysts forecast that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Dividend Announcement

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

Analysts Set New Price Targets

MTCH has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered 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 note on Wednesday, April 9th. Stifel Nicolaus cut their price target on Match Group from $36.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. BTIG Research cut shares of Match Group from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Morgan Stanley dropped their price objective on Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a research note on Thursday. Finally, Evercore ISI cut shares of Match Group from an "outperform" rating to an "inline" rating and set a $35.00 price objective on the stock. in a report on Thursday, February 6th. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.58.

Insider Activity at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction 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 sale, the president now owns 1,690 shares of the company's stock, valued at $55,533.40. The trade was a 99.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is owned by insiders.

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.