US Bancorp DE Sells 11,415 Shares of Match Group, Inc. (NASDAQ:MTCH)

US Bancorp DE decreased its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,810 shares of the technology company's stock after selling 11,415 shares during the quarter. US Bancorp DE's holdings in Match Group were worth $2,087,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MTCH. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its stake in Match Group by 187.5% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,750 shares of the technology company's stock valued at $188,000 after acquiring an additional 3,750 shares during the period. QRG Capital Management Inc. acquired a new position in shares of Match Group in the 4th quarter valued at approximately $388,000. Proficio Capital Partners LLC bought a new stake in Match Group during the 4th quarter worth approximately $704,000. Bank of New York Mellon Corp raised its holdings in Match Group by 37.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,486,837 shares of the technology company's stock worth $81,344,000 after buying an additional 683,132 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Match Group by 14.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 70,102 shares of the technology company's stock valued at $2,293,000 after buying an additional 8,900 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MTCH shares. Evercore ISI lowered shares of Match Group from an "outperform" rating to an "inline" rating and set a $35.00 price objective on the stock. in a report on Thursday, February 6th. Barclays decreased 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. StockNews.com cut Match Group from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. HSBC cut shares of Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $33.00 price objective (down previously from $40.00) on shares of Match Group in a research report on Wednesday, December 18th. Sixteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, Match Group has a consensus rating of "Hold" and a consensus price target of $37.68.

Insiders Place Their Bets

In related news, President Gary Swidler sold 242,209 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was 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 approximately $55,533.40. The trade was a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.77% of the company's stock.

Match Group Stock Down 2.1 %

Shares of Match Group stock traded down $0.67 on Tuesday, hitting $31.36. The stock had a trading volume of 4,380,975 shares, compared to its average volume of 5,068,395. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $38.84. The business's 50 day moving average is $33.17 and its two-hundred day moving average is $34.31.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. As a group, equities analysts predict that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

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 2.42%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group's dividend payout ratio is currently 37.62%.

Match Group announced that its board has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 19% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

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.