Freestone Grove Partners LP Invests $510,000 in Match Group, Inc. (NASDAQ:MTCH)

Freestone Grove Partners LP acquired a new stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,587 shares of the technology company's stock, valued at approximately $510,000.

Other hedge funds have also recently bought and sold shares of the company. Canada Post Corp Registered Pension Plan acquired a new position in shares of Match Group during the 4th quarter worth about $43,000. Kayne Anderson Rudnick Investment Management LLC grew 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 valued at $50,000 after buying an additional 1,512 shares during the last quarter. Assetmark Inc. raised its holdings in Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after acquiring an additional 378 shares during the period. Principal Securities Inc. increased its stake in shares of Match Group by 420.3% during the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock worth $107,000 after purchasing an additional 2,652 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Match Group during the fourth quarter worth $116,000. 94.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 sale, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. This represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by insiders.

Match Group Stock Up 0.9 %

NASDAQ MTCH opened at $30.69 on Friday. The stock's 50-day simple moving average is $30.28 and its two-hundred day simple moving average is $32.39. Match Group, Inc. has a twelve month low of $26.39 and a twelve month high of $38.84. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 0.82 and a beta of 1.42.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a negative return on equity of 574.22% and a net margin of 15.84%. On average, equities analysts expect that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, April 3rd. Match Group's payout ratio is currently 37.62%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. HSBC downgraded Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Morgan Stanley decreased their price target on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Citigroup lowered their price target on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, UBS Group dropped their price objective on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $36.44.

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.

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