LSV Asset Management Has $24.30 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)

LSV Asset Management boosted its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 92.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 742,822 shares of the technology company's stock after purchasing an additional 357,222 shares during the quarter. LSV Asset Management owned about 0.30% of Match Group worth $24,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTCH. Metis Global Partners LLC raised its holdings in Match Group by 3.0% in the 4th quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock valued at $358,000 after acquiring an additional 318 shares in the last quarter. Cornerstone Investment Partners LLC increased its position in shares of Match Group by 2.2% in the fourth quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock worth $520,000 after purchasing an additional 349 shares during the period. Assetmark Inc. raised its stake in 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. Nomura Asset Management Co. Ltd. lifted its position in Match Group by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 74,762 shares of the technology company's stock worth $2,445,000 after purchasing an additional 478 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in Match Group by 10.1% during the fourth quarter. TD Private Client Wealth LLC now owns 7,172 shares of the technology company's stock worth $235,000 after buying an additional 657 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the president now owns 1,690 shares of the company's stock, valued at approximately $55,533.40. This trade represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Match Group Stock Performance

Shares of MTCH stock traded up $0.22 during mid-day trading on Thursday, hitting $28.87. The company's stock had a trading volume of 1,082,364 shares, compared to its average volume of 4,923,565. Match Group, Inc. has a 52 week low of $26.39 and a 52 week high of $38.84. The company's fifty day simple moving average is $31.27 and its 200-day simple moving average is $33.07. The company has a market cap of $7.23 billion, a PE ratio of 14.32, a P/E/G ratio of 0.82 and a beta of 1.49.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share (EPS) 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%. On average, equities analysts anticipate that Match Group, Inc. will post 2.44 earnings per share for the current year.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be paid a $0.19 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.63%. Match Group's dividend payout ratio is presently 37.62%.

Analysts Set New Price Targets

Several analysts recently issued reports on MTCH shares. Stifel Nicolaus reduced 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 report on Thursday, February 6th. Evercore ISI downgraded Match Group from an "outperform" rating to an "inline" rating and set a $35.00 target price on the stock. in a report on Thursday, February 6th. Morgan Stanley lowered their price target on Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Thursday. Barclays dropped their price objective on Match Group from $53.00 to $52.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Finally, Wells Fargo & Company decreased 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. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Match Group has an average rating of "Hold" and an average price target of $37.58.

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.