Skandinaviska Enskilda Banken AB publ Has $3.62 Million Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Skandinaviska Enskilda Banken AB publ grew its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 35.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,271 shares of the technology company's stock after purchasing an additional 28,944 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Match Group were worth $3,616,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Starboard Value LP acquired a new stake in Match Group in the 3rd quarter worth $361,605,000. Paloma Partners Management Co lifted its holdings in Match Group by 510.3% during the 3rd quarter. Paloma Partners Management Co now owns 65,086 shares of the technology company's stock valued at $2,463,000 after purchasing an additional 54,422 shares during the last quarter. Aviance Capital Partners LLC bought a new position in Match Group during the 3rd quarter valued at about $2,170,000. Mawer Investment Management Ltd. lifted its holdings in Match Group by 71.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 643,335 shares of the technology company's stock valued at $24,344,000 after purchasing an additional 267,890 shares during the last quarter. Finally, Redwood Investment Management LLC bought a new position in Match Group during the 3rd quarter valued at about $2,789,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTCH has been the subject of several analyst reports. Bank of America lifted their price target on shares of Match Group from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Jefferies Financial Group reiterated a "hold" rating and set a $32.00 price target (down previously from $40.00) on shares of Match Group in a research report on Tuesday, December 17th. Loop Capital lowered their price target on shares of Match Group from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Thursday, December 12th. Evercore ISI cut shares of Match Group from an "outperform" rating to an "inline" rating and set a $35.00 price target for the company. in a research report on Thursday, February 6th. Finally, New Street Research cut shares of Match Group from a "buy" rating to a "neutral" rating in a research report on Monday, December 16th. Sixteen investment 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, Match Group presently has an average rating of "Hold" and an average price target of $37.68.

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Match Group Stock Down 0.7 %

Shares of MTCH stock traded down $0.23 during trading on Thursday, reaching $31.21. The company's stock had a trading volume of 2,954,132 shares, compared to its average volume of 4,660,135. The business has a fifty day moving average price of $32.94 and a 200-day moving average price of $34.03. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45. Match Group, Inc. has a one year low of $27.66 and a one year high of $38.84.

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 (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a negative return on equity of 574.22% and a net margin of 15.84%. Research analysts anticipate that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Announces Dividend

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 issued 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 2.44%. Match Group's dividend payout ratio is currently 37.62%.

Match Group announced that its Board of Directors has initiated a share 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 purchase up to 19% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Match Group

In related news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction dated 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 directly owns 1,690 shares in the company, valued at approximately $55,533.40. This represents a 99.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.