Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Bank of Montreal Can

Bank of Montreal Can trimmed its stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 98.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,729 shares of the technology company's stock after selling 686,031 shares during the period. Bank of Montreal Can's holdings in Match Group were worth $286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in Match Group by 14.2% during the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after purchasing an additional 378 shares in the last quarter. Principal Securities Inc. lifted its stake in shares of Match Group by 420.3% in the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock worth $107,000 after buying an additional 2,652 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Match Group in the fourth quarter worth about $116,000. Blue Trust Inc. raised its stake in Match Group by 96.4% during the fourth quarter. Blue Trust Inc. now owns 5,071 shares of the technology company's stock worth $166,000 after purchasing an additional 2,489 shares during the period. Finally, Allworth Financial LP raised its stake in Match Group by 432.3% during the fourth quarter. Allworth Financial LP now owns 5,387 shares of the technology company's stock worth $175,000 after purchasing an additional 4,375 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on MTCH. BTIG Research cut shares of Match Group from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price objective on shares of Match Group from $33.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus dropped their price objective on shares of Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Bank of America dropped their price objective on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, Hsbc Global Res cut shares of Match Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.58.

Match Group Trading Down 1.1 %

Shares of Match Group stock traded down $0.33 during trading hours on Tuesday, reaching $29.85. The stock had a trading volume of 263,815 shares, compared to its average volume of 4,919,627. The firm has a 50 day simple moving average of $30.51 and a two-hundred day simple moving average of $32.57. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 14.76, a P/E/G ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last released 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%. Sell-side analysts forecast that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.55%. Match Group's dividend payout ratio is presently 37.62%.

Insider Transactions at Match Group

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 transaction of $7,958,987.74. Following the completion of the transaction, the president now owns 1,690 shares in the company, valued at $55,533.40. The trade was a 99.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.77% of the company's stock.

Match Group 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.