Dimensional Fund Advisors LP Buys 324,813 Shares of Match Group, Inc. (NASDAQ:MTCH)

Dimensional Fund Advisors LP lifted its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,662,515 shares of the technology company's stock after acquiring an additional 324,813 shares during the period. Dimensional Fund Advisors LP owned 1.06% of Match Group worth $87,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTCH. Nisa Investment Advisors LLC lifted its stake in shares of Match Group by 94.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company's stock worth $1,947,000 after acquiring an additional 28,884 shares during the period. Pacer Advisors Inc. boosted its holdings in Match Group by 17.0% in the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock valued at $211,818,000 after purchasing an additional 939,078 shares in the last quarter. Nordea Investment Management AB increased its position in 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. Penn Davis Mcfarland Inc. increased its position in Match Group by 1.8% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 478,913 shares of the technology company's stock worth $15,665,000 after purchasing an additional 8,414 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Match Group by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock worth $87,267,000 after buying an additional 69,947 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Match Group

In related news, President Gary Swidler sold 242,209 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the sale, the president now owns 1,690 shares of the company's stock, valued at $55,533.40. This trade represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.77% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on MTCH. HSBC cut shares of Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Citigroup cut their price target on Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Friday, April 25th. BTIG Research lowered shares of Match Group from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. StockNews.com downgraded Match Group from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Finally, Evercore ISI cut Match Group from an "outperform" rating to an "inline" rating and set a $35.00 target price for the company. in a report on Thursday, February 6th. 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $36.44.

Match Group Trading Up 0.9 %

MTCH stock traded up $0.28 during trading on Friday, hitting $30.69. 3,805,909 shares of the stock traded hands, compared to its average volume of 4,948,421. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84. The company has a 50 day simple moving average of $30.32 and a 200 day simple moving average of $32.48.

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

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, April 3rd. Match Group's dividend payout ratio is presently 37.62%.

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.