Jump Financial LLC Takes $592,000 Position in Match Group, Inc. (NASDAQ:MTCH)

Jump Financial LLC acquired a new position in Match Group, Inc. (NASDAQ:MTCH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,111 shares of the technology company's stock, valued at approximately $592,000.

Several other large investors also recently bought and sold shares of the company. Metis Global Partners LLC lifted its stake in shares of Match Group by 3.0% in the fourth quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock worth $358,000 after buying an additional 318 shares in the last quarter. Cornerstone Investment Partners LLC lifted its stake in Match Group by 2.2% in the 4th quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock worth $520,000 after purchasing an additional 349 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Match Group by 14.2% during the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after purchasing an additional 378 shares during the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of Match Group by 1.8% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 23,149 shares of the technology company's stock valued at $757,000 after purchasing an additional 415 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Match Group by 0.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 74,762 shares of the technology company's stock valued at $2,445,000 after purchasing an additional 478 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Match Group

In related news, President Gary Swidler sold 242,209 shares of the business's stock in a transaction on 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 completion of the sale, the president now directly owns 1,690 shares of the company's stock, valued at $55,533.40. The trade was a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.77% of the company's stock.

Match Group Price Performance

Shares of Match Group stock traded down $0.44 during trading on Tuesday, hitting $29.73. 509,629 shares of the stock were exchanged, compared to its average volume of 4,920,565. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. The firm's 50-day moving average price is $30.51 and its 200 day moving average price is $32.57. Match Group, Inc. has a 12-month low of $26.39 and a 12-month high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 earnings per share (EPS) 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%. As a group, research analysts forecast that Match Group, Inc. will post 2.44 earnings per share for the current 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 issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.56%. Match Group's payout ratio is currently 37.62%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MTCH shares. UBS Group reduced their price target on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday. Stifel Nicolaus decreased their price target on Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. BTIG Research downgraded Match Group from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Barclays decreased their target price on shares of 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, Morgan Stanley dropped their price target on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Fifteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Match Group presently has an average rating of "Hold" and an average target price of $36.44.

About Match Group

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.