MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Position in Match Group, Inc. (NASDAQ:MTCH)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 168,264 shares of the technology company's stock after selling 71,819 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.07% of Match Group worth $5,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Invenomic Capital Management LP increased its holdings in Match Group by 189.7% in the 4th quarter. Invenomic Capital Management LP now owns 1,106,876 shares of the technology company's stock worth $36,206,000 after acquiring an additional 724,818 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Match Group by 2.9% in the 4th quarter. Janus Henderson Group PLC now owns 20,688 shares of the technology company's stock worth $677,000 after acquiring an additional 576 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Match Group by 4.5% in the 4th quarter. Ensign Peak Advisors Inc now owns 156,703 shares of the technology company's stock worth $5,126,000 after acquiring an additional 6,695 shares in the last quarter. First Manhattan CO. LLC. increased its holdings in Match Group by 1.9% in the 4th quarter. First Manhattan CO. LLC. now owns 3,466,894 shares of the technology company's stock worth $113,402,000 after acquiring an additional 63,238 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Match Group by 9.5% in the 4th quarter. Deutsche Bank AG now owns 1,971,988 shares of the technology company's stock worth $64,504,000 after acquiring an additional 170,627 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MTCH shares. Barclays cut their price target on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating for the company in a report on Friday, May 9th. HSBC lowered shares of Match Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped 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, May 9th. Hsbc Global Res lowered shares of Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, Evercore ISI reaffirmed a "cautious" rating and set a $32.00 target price on shares of Match Group in a report on Wednesday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $35.91.

Insider Buying and Selling at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction dated 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 transaction, the president now owns 1,690 shares of the company's stock, valued at $55,533.40. This represents a 99.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Spencer M. Rascoff purchased 70,885 shares of Match Group stock in a transaction dated Friday, May 9th. The shares were acquired at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the transaction, the chief executive officer now directly owns 137,478 shares of the company's stock, valued at approximately $3,856,257.90. This represents a 106.45% increase in their position. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by corporate insiders.

Match Group Stock Performance

Shares of MTCH stock traded down $0.24 on Friday, hitting $29.21. 3,248,511 shares of the stock traded hands, compared to its average volume of 4,919,370. The firm's 50-day moving average price is $29.63 and its two-hundred day moving average price is $31.55. The stock has a market capitalization of $7.32 billion, a PE ratio of 14.46, a PEG ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a twelve month low of $26.39 and a twelve month high of $38.84.

Match Group Dividend Announcement

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 given a $0.19 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.60%. Match Group's payout ratio is currently 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.