Match Group, Inc. (NASDAQ:MTCH) Shares Bought by Swedbank AB

Swedbank AB grew its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 652,008 shares of the technology company's stock after acquiring an additional 31,108 shares during the quarter. Swedbank AB owned about 0.26% of Match Group worth $21,327,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its holdings in shares of Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company's stock worth $27,000 after purchasing an additional 605 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Match Group in the 3rd quarter valued at about $31,000. Quarry LP grew its stake in Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company's stock worth $40,000 after acquiring an additional 461 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Match Group during the third quarter worth approximately $57,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Match Group by 433.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company's stock valued at $70,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Insider Buying and Selling

In other Match Group news, Director Stephen Bailey sold 801 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total value of $25,319.61. Following the sale, the director now directly owns 12,398 shares of the company's stock, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MTCH has been the topic of several research reports. Loop Capital reduced their price objective on Match Group from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, December 12th. New Street Research lowered Match Group from a "buy" rating to a "neutral" rating in a research note on Monday, December 16th. UBS Group lowered their price objective on shares of Match Group from $38.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, December 12th. StockNews.com lowered shares of Match Group from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, Bank of America increased their price objective on shares of Match Group from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Fourteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Match Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.72.

Match Group Price Performance

MTCH stock traded up $0.49 during trading on Friday, hitting $35.70. 4,195,792 shares of the company traded hands, compared to its average volume of 3,326,978. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $39.91. The company has a market cap of $8.96 billion, a PE ratio of 15.94, a P/E/G ratio of 1.08 and a beta of 1.45. The stock's 50-day simple moving average is $32.80 and its 200 day simple moving average is $34.66.

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

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, January 6th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, January 6th. Match Group's dividend payout ratio (DPR) is 33.93%.

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.