Edmond DE Rothschild Holding S.A. Raises Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Edmond DE Rothschild Holding S.A. boosted its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,467,257 shares of the technology company's stock after acquiring an additional 541,556 shares during the quarter. Match Group accounts for 3.1% of Edmond DE Rothschild Holding S.A.'s portfolio, making the stock its 8th largest position. Edmond DE Rothschild Holding S.A. owned approximately 2.18% of Match Group worth $178,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Metis Global Partners LLC increased its position in Match Group by 3.0% during the fourth quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock worth $358,000 after buying an additional 318 shares during the last quarter. Cornerstone Investment Partners LLC grew its stake in Match Group by 2.2% during the fourth quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock worth $520,000 after buying an additional 349 shares in the last quarter. Assetmark Inc. increased its holdings in Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after buying an additional 378 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Match Group by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 74,762 shares of the technology company's stock valued at $2,445,000 after buying an additional 478 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Match Group by 10.1% during the 4th quarter. TD Private Client Wealth LLC now owns 7,172 shares of the technology company's stock worth $235,000 after acquiring an additional 657 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Analyst Ratings Changes

MTCH has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Match Group from $35.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, December 12th. Morgan Stanley raised their target price on Match Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 6th. New Street Research lowered Match Group from a "buy" rating to a "neutral" rating in a research report on Monday, December 16th. HSBC downgraded Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, UBS Group lowered their price target on shares of Match Group from $38.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, December 12th. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $37.68.

Match Group Trading Down 2.4 %

Shares of MTCH stock traded down $0.73 on Friday, reaching $29.45. 2,469,715 shares of the company's stock were exchanged, compared to its average volume of 4,902,339. The stock has a market capitalization of $7.37 billion, a PE ratio of 14.55, a P/E/G ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $38.84. The company's fifty day simple moving average is $32.71 and its 200 day simple moving average is $33.68.

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

Match Group Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group's dividend payout ratio is currently 37.62%.

Match Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the technology company to reacquire up to 19% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.77% of the stock is owned by company insiders.

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.