Geode Capital Management LLC Has $208.38 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

Geode Capital Management LLC cut its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,383,840 shares of the technology company's stock after selling 17,499 shares during the quarter. Geode Capital Management LLC owned 2.54% of Match Group worth $208,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. increased its position 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. grew its position in Match Group by 420.3% in the 4th quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock worth $107,000 after purchasing an additional 2,652 shares during the last quarter. Quarry LP raised its stake in Match Group by 126.3% during the 3rd quarter. Quarry LP now owns 2,958 shares of the technology company's stock valued at $112,000 after acquiring an additional 1,651 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Match Group during the 4th quarter worth $116,000. Finally, Blue Trust Inc. grew its stake in shares of Match Group by 96.4% in the fourth quarter. Blue Trust Inc. now owns 5,071 shares of the technology company's stock worth $166,000 after purchasing an additional 2,489 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Trading Up 1.4 %

NASDAQ:MTCH traded up $0.40 on Friday, hitting $28.48. 3,745,862 shares of the company's stock traded hands, compared to its average volume of 4,958,400. The company has a market cap of $7.13 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84. The firm has a 50-day moving average price of $31.58 and a 200-day moving average price of $33.22.

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

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.67%. Match Group's payout ratio is 37.62%.

Insider Buying and Selling at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction that occurred 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 completion of the sale, the president now directly owns 1,690 shares in the company, valued at $55,533.40. The trade was a 99.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MTCH shares. Hsbc Global Res downgraded shares of Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Loop Capital decreased their price objective on shares of Match Group from $35.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, December 12th. HSBC lowered Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Barclays cut their price objective on Match Group from $53.00 to $52.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. reaffirmed 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. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $37.63.

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.