Match Group, Inc. (NASDAQ:MTCH) Stock Holdings Lowered by Swiss National Bank

Swiss National Bank decreased its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 692,171 shares of the technology company's stock after selling 57,000 shares during the quarter. Swiss National Bank owned about 0.28% of Match Group worth $22,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTCH. GSA Capital Partners LLP acquired a new stake in Match Group during the third quarter worth approximately $747,000. Victory Capital Management Inc. lifted its stake in shares of Match Group by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 182,535 shares of the technology company's stock worth $6,907,000 after purchasing an additional 9,462 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Match Group by 5.4% during the third quarter. CIBC Asset Management Inc now owns 36,237 shares of the technology company's stock worth $1,371,000 after purchasing an additional 1,848 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Match Group in the third quarter valued at $382,000. Finally, Mawer Investment Management Ltd. increased its stake in Match Group by 71.4% in the third 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. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Match Group

In related news, President Gary Swidler sold 242,209 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the sale, the president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on MTCH shares. HSBC lowered Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Loop Capital lowered their target price 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. Wells Fargo & Company dropped their price target on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, December 12th. Piper Sandler reiterated an "overweight" rating and issued a $40.00 price target on shares of Match Group in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $33.00 price objective (down from $40.00) on shares of Match Group in a report on Wednesday, December 18th. Sixteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $37.68.

Match Group Stock Performance

Shares of Match Group stock traded down $0.72 during trading on Friday, reaching $30.49. The company had a trading volume of 18,725,395 shares, compared to its average volume of 4,699,904. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $38.84. The firm's fifty day moving average is $32.93 and its 200-day moving average is $34.01. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45.

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

Match Group announced that its Board of Directors has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the technology company to reacquire up to 19% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Match Group Dividend Announcement

The firm 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. This represents a $0.76 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group's dividend payout ratio is presently 37.62%.

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.