Match Group, Inc. (NASDAQ:MTCH) Stake Lessened by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. reduced its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 20.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,249,041 shares of the technology company's stock after selling 2,383,108 shares during the quarter. T. Rowe Price Investment Management Inc. owned 3.68% of Match Group worth $302,537,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Canada Post Corp Registered Pension Plan purchased a new position in shares of Match Group during the fourth quarter worth $43,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of 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 acquiring an additional 1,512 shares during the last quarter. Assetmark Inc. increased its position 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. Principal Securities Inc. increased its position in shares of Match Group by 420.3% during the 4th 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 last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Match Group in the 4th quarter valued at about $116,000. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on Match Group from $53.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. HSBC lowered shares of Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Bank of America lowered their target price on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on Match Group from $33.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus decreased their price target on Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Match Group has an average rating of "Hold" and a consensus price target of $36.44.

Match Group Trading Down 1.2 %

MTCH stock traded down $0.35 during mid-day trading on Tuesday, hitting $29.82. 853,822 shares of the company were exchanged, compared to its average volume of 4,922,013. The company has a market capitalization of $7.47 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a twelve month low of $26.39 and a twelve month high of $38.84. The firm has a fifty day simple moving average of $30.51 and a 200 day simple moving average of $32.57.

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

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were given a $0.19 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.55%. Match Group's dividend payout ratio is presently 37.62%.

Insider Activity at Match Group

In related news, President Gary Swidler sold 242,209 shares of Match Group 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 directly owns 1,690 shares in the company, valued at $55,533.40. This trade represents a 99.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.77% of the stock is currently owned by insiders.

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.