Match Group Inc. $MTCH Holdings Raised by Barclays PLC

Key Points

• Barclays PLC increased its stake in Match Group by 9.4% in Q3 to 1,469,706 shares — about $51.9 million, representing roughly 0.61% of the company.
• Match Group reported EPS of $0.83, missing the $1.00 estimate while revenue of $878.0 million slightly beat expectations; analysts' consensus is an average "Hold" with a mean price target of $35.86 (five Buys, eleven Holds).
• The company raised its quarterly dividend to $0.20 (annualized $0.80), implying a dividend yield of about 2.6%.

Barclays PLC boosted its stake in Match Group Inc. (NASDAQ:MTCH - Free Report) by 9.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,469,706 shares of the technology company's stock after buying an additional 126,331 shares during the period. Barclays PLC owned 0.61% of Match Group worth $51,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTCH. Harbor Capital Advisors Inc. bought a new stake in Match Group during the third quarter worth approximately $25,000. Root Financial Partners LLC bought a new position in Match Group during the third quarter valued at about $27,000. Employees Retirement System of Texas acquired a new position in Match Group during the second quarter worth about $28,000. Rossby Financial LCC raised its position in Match Group by 126.5% in the third quarter. Rossby Financial LCC now owns 906 shares of the technology company's stock worth $31,000 after acquiring an additional 506 shares in the last quarter. Finally, Caldwell Trust Co acquired a new stake in Match Group in the 2nd quarter valued at about $32,000. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTCH has been the subject of several recent research reports. Wolfe Research set a $43.00 target price on shares of Match Group and gave the company an "outperform" rating in a research note on Monday, January 5th. TD Cowen decreased their target price on Match Group from $40.00 to $37.00 and set a "buy" rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada restated an "outperform" rating and set a $37.00 price objective on shares of Match Group in a report on Wednesday, December 10th. Wall Street Zen raised shares of Match Group from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. Finally, UBS Group set a $34.00 target price on shares of Match Group in a research note on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Match Group currently has an average rating of "Hold" and an average price target of $35.86.

Match Group Stock Performance

Shares of MTCH opened at $31.11 on Tuesday. The company's 50 day moving average price is $31.40 and its 200 day moving average price is $33.23. Match Group Inc. has a 52 week low of $26.39 and a 52 week high of $39.20. The company has a market capitalization of $7.34 billion, a PE ratio of 13.07, a PEG ratio of 0.49 and a beta of 1.30.

Match Group (NASDAQ:MTCH - Get Free Report) last released its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.00 by ($0.17). Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The company had revenue of $878.01 million during the quarter, compared to analysts' expectations of $872.86 million. During the same quarter in the previous year, the company earned $0.59 EPS. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Match Group Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, April 7th. This is a positive change from Match Group's previous quarterly dividend of $0.19. Match Group's dividend payout ratio (DPR) is presently 31.93%.

Match Group Profile

Match Group, Inc NASDAQ: MTCH is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.

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