Hsbc Holdings PLC Has $30.41 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)

Hsbc Holdings PLC grew its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 92.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 928,976 shares of the technology company's stock after purchasing an additional 445,826 shares during the quarter. Hsbc Holdings PLC owned about 0.37% of Match Group worth $30,412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Wolf Hill Capital Management LP bought a new position in Match Group during the fourth quarter valued at about $44,514,000. Tower Research Capital LLC TRC lifted its position in Match Group by 198.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 18,252 shares of the technology company's stock worth $597,000 after buying an additional 12,137 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position 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 worth $50,000 after purchasing an additional 1,512 shares during the last quarter. Norinchukin Bank The increased its position in Match Group by 31.4% in the fourth quarter. Norinchukin Bank The now owns 19,285 shares of the technology company's stock worth $631,000 after purchasing an additional 4,605 shares during the period. Finally, Ossiam lifted its position in Match Group by 61.1% during the 4th quarter. Ossiam now owns 46,091 shares of the technology company's stock valued at $1,508,000 after purchasing an additional 17,488 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wells Fargo & Company decreased their price objective on Match Group from $32.00 to $31.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Citigroup reduced their price target on Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Hsbc Global Res cut Match Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays lowered their price target on Match Group from $53.00 to $52.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Finally, StockNews.com lowered shares of Match Group from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $36.44.

Insider Transactions at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the sale, the president now directly owns 1,690 shares in the company, valued at approximately $55,533.40. This trade represents a 99.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.77% of the stock is owned by corporate insiders.

Match Group Stock Up 2.0 %

Shares of MTCH stock traded up $0.60 on Thursday, reaching $30.26. The company had a trading volume of 2,386,865 shares, compared to its average volume of 4,924,263. The stock has a market capitalization of $7.58 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. The business's 50-day moving average is $30.37 and its 200 day moving average is $32.53. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84.

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

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, April 3rd. Match Group's dividend payout ratio is currently 37.62%.

Match Group Company 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.