Match Group, Inc. (NASDAQ:MTCH) Shares Bought by Edmond DE Rothschild Holding S.A.

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

Several other large investors have also recently bought and sold shares of the stock. Cerity Partners LLC raised its holdings in Match Group by 3.4% in the 3rd quarter. Cerity Partners LLC now owns 57,574 shares of the technology company's stock valued at $2,179,000 after acquiring an additional 1,898 shares in the last quarter. FMR LLC lifted its position in Match Group by 10.4% in the third quarter. FMR LLC now owns 5,540,916 shares of the technology company's stock worth $209,668,000 after purchasing an additional 524,144 shares during the period. Northwest & Ethical Investments L.P. bought a new position in Match Group in the third quarter worth $57,000. Erste Asset Management GmbH acquired a new stake in Match Group during the third quarter worth $1,802,000. Finally, Paloma Partners Management Co increased its holdings in Match Group by 510.3% in the 3rd quarter. Paloma Partners Management Co now owns 65,086 shares of the technology company's stock valued at $2,463,000 after buying an additional 54,422 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of analysts recently weighed in on MTCH shares. New Street Research cut shares of Match Group from a "buy" rating to a "neutral" rating in a research note on Monday, December 16th. Loop Capital dropped their target price on Match Group from $35.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, December 12th. Barclays cut their target price 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. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $33.00 price target (down from $40.00) on shares of Match Group in a research report on Wednesday, December 18th. Finally, Bank of America lifted their price objective on Match Group from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.68.

Match Group Stock Performance

NASDAQ:MTCH traded down $1.08 on Thursday, hitting $30.20. 5,168,525 shares of the stock were exchanged, compared to its average volume of 4,894,415. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $38.84. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 0.82 and a beta of 1.49. The company's 50-day moving average price is $32.78 and its 200 day moving average price is $33.70.

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 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%. As a group, equities research analysts predict that Match Group, Inc. will post 2.44 earnings per share for the current year.

Match Group Dividend Announcement

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 given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.52%. Match Group's dividend payout ratio is currently 37.62%.

Match Group declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 19% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Match Group news, President Gary Swidler sold 242,209 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the transaction, the president now owns 1,690 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.77% of the stock is owned by insiders.

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.