Vanguard Group Inc. Lowers Position in Match Group Inc. $MTCH

Vanguard Group Inc. trimmed its position in shares of Match Group Inc. (NASDAQ:MTCH) by 0.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,217,821 shares of the technology company’s stock after selling 102,898 shares during the period. Vanguard Group Inc. owned approximately 0.12% of Match Group worth $1,031,973,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MTCH. CWM LLC increased its holdings in shares of Match Group by 3,228.4% during the third quarter. CWM LLC now owns 266,406 shares of the technology company’s stock valued at $9,409,000 after acquiring an additional 258,402 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Match Group by 611.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 116,535 shares of the technology company’s stock valued at $3,857,000 after purchasing an additional 100,163 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Match Group by 71.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 31,228 shares of the technology company’s stock valued at $965,000 after purchasing an additional 12,987 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in Match Group by 24.0% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 63,024 shares of the technology company’s stock valued at $1,947,000 after purchasing an additional 12,206 shares in the last quarter. Finally, Capital Fund Management S.A. raised its holdings in Match Group by 507.1% in the second quarter. Capital Fund Management S.A. now owns 443,862 shares of the technology company’s stock worth $13,711,000 after buying an additional 370,745 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Trading Up 3.7%

Shares of MTCH opened at $31.83 on Friday. The firm has a fifty day simple moving average of $31.72 and a two-hundred day simple moving average of $33.73. The firm has a market cap of $7.51 billion, a PE ratio of 13.37, a P/E/G ratio of 0.61 and a beta of 1.32. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.83 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.17). The firm had revenue of $878.01 million during the quarter, compared to the consensus estimate of $872.86 million. Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. As a group, research analysts forecast that Match Group Inc. will post 2.44 EPS for the current fiscal year.

Match Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, April 7th. This is an increase from Match Group’s previous quarterly dividend of $0.19. Match Group’s payout ratio is currently 31.93%.

Analyst Ratings Changes

A number of research firms have recently commented on MTCH. JPMorgan Chase & Co. cut their price target on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Wells Fargo & Company cut their target price on Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Raymond James Financial reissued a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th. UBS Group set a $34.00 price target on Match Group in a report on Wednesday, February 4th. Finally, TD Cowen reduced their price objective on Match Group from $40.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.86.

About Match Group

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.