Groupama Asset Managment Acquires New Holdings in Match Group, Inc. (NASDAQ:MTCH)

Groupama Asset Managment 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 13F filing with the Securities and Exchange Commission. The fund acquired 1,273,708 shares of the technology company's stock, valued at approximately $41,663,000. Groupama Asset Managment owned 0.51% of Match Group at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in shares of Match Group in the third quarter worth approximately $31,000. Northwest & Ethical Investments L.P. purchased a new position in Match Group during the 3rd quarter worth approximately $57,000. Quarry LP raised its stake in Match Group by 126.3% during the 3rd quarter. Quarry LP now owns 2,958 shares of the technology company's stock valued at $112,000 after purchasing an additional 1,651 shares during the period. Assetmark Inc. lifted its holdings in shares of Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after purchasing an additional 378 shares in the last quarter. Finally, Principal Securities Inc. boosted its position in shares of Match Group by 420.3% in the fourth 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 during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Match Group

In related news, President Gary Swidler sold 242,209 shares of the 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 transaction, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.77% of the company's stock.

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Match Group Trading Down 4.1 %

MTCH stock traded down $1.29 during trading on Thursday, hitting $30.18. 7,911,671 shares of the stock traded hands, compared to its average volume of 4,902,576. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a one year low of $27.66 and a one year high of $38.84. The company has a 50 day simple moving average of $32.78 and a 200 day simple moving average of $33.70.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings results 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%. As a group, analysts predict that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group announced that its board has approved a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to buy up to 19% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.52%. Match Group's dividend payout ratio (DPR) is currently 37.62%.

Wall Street Analysts Forecast Growth

MTCH has been the topic of a number of research reports. BTIG Research downgraded Match Group from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Stifel Nicolaus dropped their price target on shares of Match Group from $36.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $35.00 price target on shares of Match Group in a research note on Monday, December 9th. New Street Research lowered shares of Match Group from a "buy" rating to a "neutral" rating in a research report on Monday, December 16th. Finally, HSBC cut Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $37.68.

About Match Group

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.