Groupama Asset Managment Has $785,000 Holdings in Match Group Inc. $MTCH

Key Points

• Groupama Asset Managment reduced its stake in Match Group Inc. by 98%, selling 1,248,090 shares and retaining only 25,618 shares, with holdings valued at $785,000.
• Match Group recently announced a quarterly dividend of $0.19 per share, with a payout ratio of 37.44%, reflecting an annualized yield of 2.1% for shareholders of record.
• The stock trades at a market capitalization of $8.91 billion, with analysts offering a **consensus rating** of "Hold" and an average target price of $35.44.

Groupama Asset Managment decreased its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 98.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,618 shares of the technology company's stock after selling 1,248,090 shares during the quarter. Groupama Asset Managment's holdings in Match Group were worth $785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTCH. NBC Securities Inc. acquired a new position in Match Group in the 1st quarter worth approximately $37,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Match Group by 30,240.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock worth $50,000 after purchasing an additional 1,512 shares during the period. Summit Securities Group LLC acquired a new position in Match Group in the 1st quarter worth approximately $54,000. Mather Group LLC. boosted its stake in Match Group by 130.1% in the 1st quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock worth $79,000 after purchasing an additional 1,434 shares during the period. Finally, CX Institutional acquired a new position in Match Group in the 1st quarter worth approximately $103,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Stock Up 1.4%

Shares of NASDAQ:MTCH traded up $0.51 during trading on Friday, reaching $37.30. 3,896,474 shares of the company traded hands, compared to its average volume of 5,153,445. The firm has a fifty day simple moving average of $33.67 and a 200 day simple moving average of $31.74. The firm has a market cap of $8.98 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 0.74 and a beta of 1.36. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20.

Match Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, October 3rd. Match Group's payout ratio is presently 37.44%.

Insider Activity

In related news, Director Stephen Bailey sold 12,500 shares of Match Group stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $36.72, for a total value of $459,000.00. Following the completion of the sale, the director owned 8,058 shares of the company's stock, valued at approximately $295,889.76. The trade was a 60.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MTCH. Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Susquehanna raised their price objective on shares of Match Group from $40.00 to $45.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Match Group from $28.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. UBS Group lifted their target price on shares of Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Citigroup decreased their target price on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Five analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $35.44.

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.