Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Amundi

Amundi lessened its position in Match Group, Inc. (NASDAQ:MTCH) by 14.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 480,053 shares of the technology company’s stock after selling 82,367 shares during the period. Amundi owned approximately 0.19% of Match Group worth $15,294,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Match Group in the fourth quarter valued at approximately $327,000. Banco Santander S.A. increased its position in Match Group by 50.5% in the 4th quarter. Banco Santander S.A. now owns 26,521 shares of the technology company’s stock valued at $868,000 after acquiring an additional 8,901 shares during the period. Aviance Capital Partners LLC raised its stake in Match Group by 5.5% during the 4th quarter. Aviance Capital Partners LLC now owns 60,512 shares of the technology company’s stock valued at $1,979,000 after acquiring an additional 3,163 shares in the last quarter. Andra AP fonden boosted its position in Match Group by 81.8% during the 4th quarter. Andra AP fonden now owns 866,369 shares of the technology company’s stock worth $28,339,000 after acquiring an additional 389,897 shares during the period. Finally, Edgestream Partners L.P. bought a new position in shares of Match Group in the fourth quarter worth $2,286,000. 94.05% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Gary Swidler sold 242,209 shares of the firm’s stock in a transaction 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. This trade represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Match Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Evercore ISI lowered 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 note on Thursday, February 6th. Stifel Nicolaus decreased their price target on Match Group from $36.00 to $35.00 and set a “hold” rating for the company in a research note on Thursday, February 6th. BTIG Research downgraded shares of Match Group from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of Match Group in a research note on Thursday, December 12th. Sixteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $37.68.

Match Group Trading Up 2.9 %

MTCH stock opened at $30.94 on Friday. The firm has a market cap of $7.75 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.82 and a beta of 1.45. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $38.84. The business’s 50 day moving average is $33.02 and its 200-day moving average is $34.17.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 earnings per share (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%. Sell-side analysts forecast that Match Group, Inc. will post 2.44 EPS for the current year.

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

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group’s payout ratio is 37.62%.

About Match Group

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.