Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Match Group Inc. $MTCH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Match Group by 24.6% in Q4, selling 84,682 shares and now owning 259,733 shares worth $8.383 million (about 0.11% of the company).
• Several analysts have trimmed targets (e.g., Truist $34, TD Cowen $37, JPMorgan $31) and the consensus rating is Hold with an average price target of $36.42.
• Match Group missed EPS expectations (reported $0.83 vs. $1.00 consensus) while revenue rose 2.1% to $878.01 million, and the company increased its quarterly dividend to $0.20 (annualized $0.80, ~2.2% yield).

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Match Group Inc. (NASDAQ:MTCH - Free Report) by 24.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,733 shares of the technology company's stock after selling 84,682 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of Match Group worth $8,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Fieldview Capital Management LLC purchased a new stake in Match Group during the 3rd quarter valued at about $1,803,000. CWM LLC lifted its holdings in shares of Match Group by 3,228.4% during the third quarter. CWM LLC now owns 266,406 shares of the technology company's stock worth $9,409,000 after purchasing an additional 258,402 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Match Group by 611.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 116,535 shares of the technology company's stock valued at $3,857,000 after buying an additional 100,163 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Match Group by 327.7% in the 3rd quarter. GSA Capital Partners LLP now owns 50,252 shares of the technology company's stock worth $1,775,000 after buying an additional 38,502 shares during the period. Finally, Picton Mahoney Asset Management acquired a new position in Match Group in the 3rd quarter worth approximately $1,863,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on MTCH shares. Truist Financial decreased their price objective on shares of Match Group from $35.00 to $34.00 and set a "hold" rating for the company in a research note on Wednesday, February 4th. TD Cowen cut their price objective on shares of Match Group from $40.00 to $37.00 and set a "buy" rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley set a $35.00 target price on shares of Match Group in a report on Wednesday, February 4th. UBS Group restated a "neutral" rating on shares of Match Group in a research report on Friday, March 13th. Finally, JPMorgan Chase & Co. cut their price target on Match Group from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 4th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $36.42.

Match Group Stock Performance

Match Group stock opened at $36.75 on Monday. The firm has a market cap of $8.55 billion, a PE ratio of 15.44, a P/E/G ratio of 0.60 and a beta of 1.30. Match Group Inc. has a 12 month low of $26.80 and a 12 month high of $39.20. The stock's 50 day simple moving average is $31.89 and its two-hundred day simple moving average is $32.17.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.17). Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The firm had revenue of $878.01 million for the quarter, compared to analysts' expectations of $872.86 million. During the same period last year, the firm earned $0.59 earnings per share. Match Group's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts forecast that Match Group Inc. will post 3.04 EPS for the current year.

Match Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, April 7th. This is an increase from Match Group's previous quarterly dividend of $0.19. Match Group's dividend payout ratio is currently 33.61%.

About Match Group

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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