Mariner LLC Lowers Position in Match Group, Inc. (NASDAQ:MTCH)

Mariner LLC cut its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 24.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,129 shares of the technology company's stock after selling 8,546 shares during the period. Mariner LLC's holdings in Match Group were worth $855,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MTCH. Assetmark Inc. lifted its holdings in Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after buying an additional 378 shares during the period. Principal Securities Inc. increased its stake in shares of Match Group by 420.3% during the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock valued at $107,000 after purchasing an additional 2,652 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Match Group during the fourth quarter valued at approximately $116,000. Blue Trust Inc. increased its stake in shares of Match Group by 96.4% during the fourth quarter. Blue Trust Inc. now owns 5,071 shares of the technology company's stock valued at $166,000 after purchasing an additional 2,489 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Match Group by 432.3% during the fourth quarter. Allworth Financial LP now owns 5,387 shares of the technology company's stock valued at $175,000 after purchasing an additional 4,375 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MTCH shares. BTIG Research downgraded shares of Match Group from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. 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 research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their price target on Match Group from $33.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. StockNews.com downgraded Match Group from a "buy" rating to a "hold" rating in a report on Friday. Finally, Hsbc Global Res downgraded Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $36.58.

Match Group Trading Up 0.3 %

NASDAQ MTCH opened at $30.17 on Tuesday. Match Group, Inc. has a 12 month low of $26.39 and a 12 month high of $38.84. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.82 and a beta of 1.49. The company's 50 day moving average is $30.51 and its two-hundred day moving average is $32.57.

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

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, April 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Insider Transactions at Match Group

In other 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 value of $7,958,987.74. Following the transaction, the president now owns 1,690 shares of the company's stock, valued at approximately $55,533.40. The trade was a 99.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.77% of the company's stock.

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.

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