Match Group, Inc. (NASDAQ:MTCH) Stock Holdings Lessened by Fmr LLC

FMR LLC reduced its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 38.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,415,865 shares of the technology company's stock after selling 2,125,051 shares during the quarter. FMR LLC owned approximately 1.36% of Match Group worth $111,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Mawer Investment Management Ltd. boosted its holdings in shares of Match Group by 716.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock valued at $171,889,000 after purchasing an additional 4,611,598 shares during the last quarter. Norges Bank purchased a new position in shares of Match Group in the 4th quarter worth $112,176,000. Arrowstreet Capital Limited Partnership boosted its holdings in Match Group by 110.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock valued at $183,968,000 after acquiring an additional 2,952,470 shares during the last quarter. DnB Asset Management AS grew its position in Match Group by 4,659.2% during the fourth quarter. DnB Asset Management AS now owns 1,915,093 shares of the technology company's stock valued at $62,643,000 after acquiring an additional 1,874,853 shares during the period. Finally, Retirement Systems of Alabama grew its position in Match Group by 2,732.1% during the third quarter. Retirement Systems of Alabama now owns 1,659,718 shares of the technology company's stock valued at $62,804,000 after acquiring an additional 1,601,115 shares during the period. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTCH. Morgan Stanley reduced their price objective on Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday. StockNews.com raised shares of Match Group from a "hold" rating to a "buy" rating in a research note on Thursday. Stifel Nicolaus reduced their target price on shares of Match Group from $36.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Hsbc Global Res downgraded Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Evercore ISI cut Match Group from an "outperform" rating to an "inline" rating and set a $35.00 price objective on the stock. in a research note on Thursday, February 6th. Fourteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $37.58.

Insider Activity at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the business's 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 directly 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 Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is owned by insiders.

Match Group Price Performance

Shares of NASDAQ:MTCH traded up $0.37 on Friday, reaching $29.02. 3,561,208 shares of the company traded hands, compared to its average volume of 4,938,093. The stock has a market capitalization 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 company's 50 day moving average is $31.17 and its 200-day moving average is $33.01. Match Group, Inc. has a fifty-two week low of $26.39 and a fifty-two 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 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, analysts expect that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued 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 2.62%. Match Group's dividend 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.