805,703 Shares in Match Group, Inc. (NASDAQ:MTCH) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets bought a new stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 805,703 shares of the technology company's stock, valued at approximately $26,355,000. BNP Paribas Financial Markets owned 0.32% of Match Group as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MTCH. Canada Post Corp Registered Pension Plan purchased a new position in shares of Match Group during the fourth quarter worth about $43,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Match Group by 30,240.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock worth $50,000 after buying an additional 1,512 shares during the last quarter. Assetmark Inc. grew its stake in Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after acquiring an additional 378 shares during the last quarter. Principal Securities Inc. grew its position 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 valued at $107,000 after purchasing an additional 2,652 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Match Group during the fourth quarter worth $116,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Insider Buying and Selling

In other 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 directly 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.77% of the stock is owned by company insiders.

Match Group Stock Performance

Shares of NASDAQ MTCH traded down $0.29 during trading on Friday, reaching $27.18. The stock had a trading volume of 9,455,923 shares, compared to its average volume of 4,901,541. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84. The firm's 50 day moving average price is $30.05 and its two-hundred day moving average price is $32.08. The stock has a market cap of $6.81 billion, a PE ratio of 13.46, a P/E/G ratio of 0.82 and a beta of 1.42.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.80%. Match Group's payout ratio is currently 37.62%.

Wall Street Analysts Forecast Growth

MTCH has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Morgan Stanley lowered their price target on Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. UBS Group cut their price objective on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. JPMorgan Chase & Co. lowered their target price on shares of Match Group from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday. Finally, Citigroup cut their price target on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday. Fourteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $36.06.

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.