Anson Funds Management LP Has $49.25 Million Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Anson Funds Management LP boosted its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,505,680 shares of the technology company's stock after purchasing an additional 140,000 shares during the quarter. Match Group comprises 5.0% of Anson Funds Management LP's holdings, making the stock its 6th biggest position. Anson Funds Management LP owned approximately 0.60% of Match Group worth $49,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mawer Investment Management Ltd. grew its position in Match Group by 716.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock valued at $171,889,000 after buying an additional 4,611,598 shares in the last quarter. Norges Bank bought a new stake in Match Group during the fourth quarter worth approximately $112,176,000. Arrowstreet Capital Limited Partnership lifted its position in Match Group by 110.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock worth $183,968,000 after purchasing an additional 2,952,470 shares during the period. DnB Asset Management AS increased 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 valued at $62,643,000 after purchasing an additional 1,874,853 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Match Group in the 4th quarter worth $45,768,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Match Group news, President Gary Swidler sold 242,209 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the sale, the president now directly owns 1,690 shares of the company's stock, valued at approximately $55,533.40. The trade was a 99.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. HSBC downgraded Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Hsbc Global Res downgraded Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Stifel Nicolaus lowered their price objective on shares of Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a research report on Wednesday, April 23rd. Citigroup dropped their target price on Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Morgan Stanley cut their price target on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, Match Group presently has an average rating of "Hold" and an average target price of $36.44.

Match Group Trading Up 0.9 %

NASDAQ:MTCH opened at $30.69 on Friday. The stock has a market capitalization of $7.69 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84. The firm has a 50 day moving average of $30.28 and a 200-day moving average of $32.42.

Match Group (NASDAQ:MTCH - Get Free Report) last posted 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 negative return on equity of 574.22% and a net margin of 15.84%. As a group, analysts forecast that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.19 per share. The ex-dividend date was Thursday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.48%. Match Group's dividend payout ratio (DPR) is currently 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.

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