4 days Ago By Defense World Staff
Envestnet Asset Management Inc. grew its position in Match Group, Inc. (NASDAQ:MTCH – Free Report) by 271.
3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 506,462 shares of the technology company’s stock after purchasing an additional 370,058 shares during the period. Envestnet Asset Management Inc.
owned about 0.20% of Match Group worth $16,566,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently made changes to their positions in the company.
Mawer Investment Management Ltd. raised its holdings in Match Group by 716.8% during the fourth quarter.
Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company’s stock worth $171,889,000 after acquiring an additional 4,611,598 shares in the last quarter. Norges Bank acquired a new position in shares of Match Group in the fourth quarter valued at approximately $112,176,000.
Arrowstreet Capital Limited Partnership lifted its holdings in shares of Match Group by 110.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company’s stock worth $183,968,000 after buying an additional 2,952,470 shares in the last quarter.
DnB Asset Management AS grew its position in shares of Match Group by 4,659.2% during the 4th quarter. DnB Asset Management AS now owns 1,915,093 shares of the technology company’s stock worth $62,643,000 after purchasing an additional 1,874,853 shares in the last quarter.
Finally, Retirement Systems of Alabama raised its holdings in Match Group by 2,732.1% in the 3rd quarter. Retirement Systems of Alabama now owns 1,659,718 shares of the technology company’s stock valued at $62,804,000 after acquiring an additional 1,601,115 shares in the last quarter.
94.05% of the stock is owned by institutional investors. Insiders Place Their BetsIn related news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction on 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 directly owns 1,690 shares in the company, valued at $55,533.40. This trade represents a 99.
31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.
77% of the stock is owned by company insiders. Match Group Trading Up 1.5 %Shares of MTCH stock opened at $29.
08 on Wednesday. The company has a market capitalization of $7.28 billion, a P/E ratio of 14.
40, a P/E/G ratio of 0.82 and a beta of 1.49.
The business’s 50 day moving average is $31.37 and its two-hundred day moving average is $33.10.
Match Group, Inc. has a 12-month low of $26.39 and a 12-month high of $38.
84. Match Group (NASDAQ:MTCH – Get Free Report) last issued its earnings results 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 negative return on equity of 574.22% and a net margin of 15.84%.
On average, research analysts predict that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.
Match Group Dividend AnnouncementThe company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.19 per share.
This represents a $0.76 dividend on an annualized basis and a yield of 2.61%.
The ex-dividend date is Thursday, April 3rd. Match Group’s dividend payout ratio (DPR) is 37.62%.
Analysts Set New Price TargetsSeveral research analysts have recently issued reports on the stock. Evercore ISI downgraded shares of Match Group from an “outperform” rating to an “inline” rating and set a $35.00 price target for the company.
in a report on Thursday, February 6th. BTIG Research cut Match Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Barclays reduced their target price on Match Group from $53.
00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company decreased their target price on shares of Match Group from $32.
00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co.
reiterated a “neutral” rating and issued a $33.00 target price (down previously from $40.00) on shares of Match Group in a report on Wednesday, December 18th.
Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $37.63.
Check Out Our Latest Stock Analysis on Match GroupAbout Match Group (Free Report)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.
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