Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Amundi

Amundi reduced its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 14.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 480,053 shares of the technology company's stock after selling 82,367 shares during the quarter. Amundi owned about 0.19% of Match Group worth $15,294,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MTCH. Venturi Wealth Management LLC boosted its position in shares of Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company's stock worth $27,000 after purchasing an additional 605 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Match Group in the third quarter valued at about $747,000. Victory Capital Management Inc. boosted its holdings in Match Group by 5.5% during the third quarter. Victory Capital Management Inc. now owns 182,535 shares of the technology company's stock worth $6,907,000 after buying an additional 9,462 shares in the last quarter. CIBC Asset Management Inc grew its position in Match Group by 5.4% during the third quarter. CIBC Asset Management Inc now owns 36,237 shares of the technology company's stock worth $1,371,000 after buying an additional 1,848 shares during the period. Finally, Empirical Finance LLC increased its holdings in Match Group by 1.5% in the third quarter. Empirical Finance LLC now owns 25,952 shares of the technology company's stock valued at $982,000 after buying an additional 384 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

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 transaction of $7,958,987.74. Following the transaction, the president now directly 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 document filed with the SEC, which is available at this hyperlink. 0.77% of the stock is currently owned by insiders.

Match Group Stock Down 1.2 %

Shares of NASDAQ MTCH traded down $0.37 during midday trading on Tuesday, hitting $30.99. The stock had a trading volume of 2,764,699 shares, compared to its average volume of 4,696,070. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $38.84. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 0.82 and a beta of 1.45. The company has a fifty day moving average price of $32.97 and a 200 day moving average price of $34.09.

Match Group (NASDAQ:MTCH - Get Free Report) last announced 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%. On average, research analysts forecast that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 19% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MTCH shares. Bank of America upped their price target on Match Group from $35.00 to $36.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. restated a "neutral" rating and set a $33.00 target price (down from $40.00) on shares of Match Group in a report on Wednesday, December 18th. Hsbc Global Res downgraded shares of Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Jefferies Financial Group reissued a "hold" rating and set a $32.00 price objective (down from $40.00) on shares of Match Group in a research note on Tuesday, December 17th. Finally, HSBC lowered Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.