BI Asset Management Fondsmaeglerselskab A S Takes $1.43 Million Position in Match Group, Inc. (NASDAQ:MTCH)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 43,600 shares of the technology company's stock, valued at approximately $1,426,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Boyar Asset Management Inc. purchased a new stake in Match Group in the 3rd quarter valued at about $1,376,000. Franklin Resources Inc. increased its position in shares of Match Group by 9.0% during the third quarter. Franklin Resources Inc. now owns 276,775 shares of the technology company's stock valued at $10,459,000 after acquiring an additional 22,887 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of 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 during the period. Everence Capital Management Inc. acquired a new position in shares of Match Group in the 4th quarter worth approximately $250,000. Finally, Nordea Investment Management AB boosted its position in shares of Match Group by 56.8% during the 4th quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company's stock worth $78,733,000 after purchasing an additional 866,026 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price target on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Hsbc Global Res downgraded Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. HSBC cut Match Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. BTIG Research cut shares of Match Group from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Finally, 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. Fifteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Match Group has an average rating of "Hold" and an average price target of $36.58.

Match Group Price Performance

Shares of NASDAQ MTCH traded up $0.06 during midday trading on Monday, hitting $30.13. 468,067 shares of the company's stock were exchanged, compared to its average volume of 4,928,401. The firm's fifty day simple moving average is $30.60 and its 200-day simple moving average is $32.62. The company has a market cap of $7.54 billion, a PE ratio of 14.91, a P/E/G ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a twelve month low of $26.39 and a twelve month high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. Equities analysts anticipate 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. Investors of record on Thursday, April 3rd were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.52%. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Insider Buying and Selling at Match Group

In other news, President Gary Swidler sold 242,209 shares of Match Group 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 sale, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. The trade was a 99.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is currently owned by insiders.

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.