Match Group Inc. $MTCH Shares Bought by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management increased its stake in Match Group by 20.5% to 203,062 shares (worth about $7.17 million), and overall institutional ownership is very high at 94.05% with other large buys from firms like Norges Bank and LSV Asset Management.
• Match Group missed quarterly EPS ($0.83 vs. $1.00) while revenue modestly beat estimates ($878.0M), and analysts remain mixed—consensus rating is "Hold" with a $35.86 price target after several recent rating/target changes.
• The company increased its quarterly dividend to $0.20 (annualized $0.80) for a ~2.6% yield, with an ex-dividend date of April 7 and payment on April 21.

Landscape Capital Management L.L.C. grew its stake in Match Group Inc. (NASDAQ:MTCH - Free Report) by 20.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 203,062 shares of the technology company's stock after buying an additional 34,513 shares during the quarter. Landscape Capital Management L.L.C. owned 0.08% of Match Group worth $7,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTCH. Norges Bank purchased a new stake in Match Group in the 2nd quarter worth approximately $134,429,000. LSV Asset Management lifted its stake in shares of Match Group by 106.2% in the 2nd quarter. LSV Asset Management now owns 3,462,831 shares of the technology company's stock valued at $106,967,000 after purchasing an additional 1,783,256 shares during the period. DNB Asset Management AS boosted its holdings in Match Group by 69.7% during the third quarter. DNB Asset Management AS now owns 2,581,589 shares of the technology company's stock worth $91,182,000 after buying an additional 1,060,038 shares in the last quarter. Callodine Capital Management LP grew its position in Match Group by 67.3% during the second quarter. Callodine Capital Management LP now owns 1,355,000 shares of the technology company's stock valued at $41,856,000 after buying an additional 545,000 shares during the period. Finally, Bank of America Corp DE increased its holdings in Match Group by 21.2% in the second quarter. Bank of America Corp DE now owns 2,908,669 shares of the technology company's stock valued at $89,849,000 after buying an additional 507,901 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on MTCH. Weiss Ratings restated a "hold (c)" rating on shares of Match Group in a research report on Thursday, January 22nd. Wall Street Zen raised Match Group from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. JPMorgan Chase & Co. reduced their target price on Match Group from $33.00 to $31.00 and set a "neutral" rating for the company in a research note on Wednesday, February 4th. Wolfe Research set a $43.00 price target on shares of Match Group and gave the company an "outperform" rating in a research note on Monday, January 5th. Finally, UBS Group set a $34.00 price objective on shares of Match Group in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Match Group presently has a consensus rating of "Hold" and a consensus price target of $35.86.

Match Group Stock Performance

Shares of NASDAQ:MTCH traded up $1.19 during trading on Friday, reaching $31.29. The stock had a trading volume of 630,307 shares, compared to its average volume of 4,232,683. The business has a fifty day moving average price of $31.29 and a 200-day moving average price of $33.15. The stock has a market cap of $7.39 billion, a PE ratio of 13.10, a PEG ratio of 0.50 and a beta of 1.30. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20.

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

Match Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th will be paid a $0.20 dividend. This is an increase from Match Group's previous quarterly dividend of $0.19. 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. Match Group's payout ratio is 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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