Match Group, Inc. (NASDAQ:MTCH) Shares Purchased by Comerica Bank

Comerica Bank boosted its position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 61.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,715 shares of the technology company's stock after buying an additional 20,740 shares during the period. Comerica Bank's holdings in Match Group were worth $1,790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of Match Group by 17.0% in the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock valued at $211,818,000 after acquiring an additional 939,078 shares during the period. Invesco Ltd. raised its holdings in shares of Match Group by 25.3% in the fourth quarter. Invesco Ltd. now owns 5,827,217 shares of the technology company's stock valued at $190,608,000 after buying an additional 1,174,889 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Match Group by 110.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock worth $183,968,000 after buying an additional 2,952,470 shares during the period. Edmond DE Rothschild Holding S.A. grew its holdings in shares of Match Group by 11.0% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 5,467,257 shares of the technology company's stock worth $178,834,000 after buying an additional 541,556 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its position in Match Group by 716.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock valued at $171,889,000 after acquiring an additional 4,611,598 shares during the period. Hedge funds and other institutional investors own 94.05% of the company's stock.

Match Group Stock Down 1.1 %

Shares of NASDAQ:MTCH opened at $27.18 on Friday. The company has a market capitalization of $6.81 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.82 and a beta of 1.42. The stock's fifty day simple moving average is $30.05 and its 200-day simple moving average is $32.12. Match Group, Inc. has a 52-week low of $26.39 and a 52-week high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings results 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%. On average, sell-side analysts anticipate that Match Group, Inc. will post 2.44 earnings per share for the current year.

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.76 annualized dividend and a yield of 2.80%. Match Group's payout ratio is currently 37.62%.

Analysts Set New Price Targets

MTCH has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on shares of Match Group from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Friday. HSBC cut shares of Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. StockNews.com upgraded shares of Match Group from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Citigroup reduced their price objective on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday. Fourteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $36.06.

Insider Buying and Selling at Match Group

In other news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction on Friday, March 7th. The stock was 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 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.77% of the stock is currently owned by insiders.

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.

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