Match Group, Inc. (NASDAQ:MTCH) Holdings Raised by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 577,211 shares of the technology company’s stock after acquiring an additional 74,132 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.23% of Match Group worth $18,881,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTCH. Itau Unibanco Holding S.A. acquired a new stake in shares of Match Group during the third quarter worth $31,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of Match Group during the 3rd quarter worth approximately $57,000. Assetmark Inc. lifted its stake in Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock valued at $99,000 after buying an additional 378 shares during the last quarter. Principal Securities Inc. grew its position 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 acquiring an additional 2,652 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Match Group by 126.3% in the 3rd quarter. Quarry LP now owns 2,958 shares of the technology company’s stock worth $112,000 after acquiring an additional 1,651 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on MTCH shares. Jefferies Financial Group restated a “hold” rating and issued a $32.00 target price (down previously from $40.00) on shares of Match Group in a research report on Tuesday, December 17th. Wells Fargo & Company decreased their target price 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, December 12th. Loop Capital dropped their price target on shares of Match Group from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, December 12th. New Street Research lowered Match Group from a “buy” rating to a “neutral” rating in a research note on Monday, December 16th. Finally, Truist Financial dropped their target price on shares of Match Group from $35.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, December 12th. Sixteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Match Group presently has an average rating of “Hold” and an average price target of $37.68.

Insider Buying and Selling at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the firm’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 completion of the sale, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. This trade represents a 99.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.77% of the company’s stock.

Match Group Trading Up 0.0 %

Shares of NASDAQ:MTCH opened at $31.84 on Friday. The firm has a market capitalization of $7.97 billion, a PE ratio of 15.76, a PEG ratio of 0.82 and a beta of 1.45. Match Group, Inc. has a 1-year low of $27.66 and a 1-year high of $38.84. The business’s 50 day moving average is $32.90 and its 200-day moving average is $33.83.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates 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 predict that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.39%. Match Group’s dividend payout ratio is 37.62%.

Match Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 19% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

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.