Match Group, Inc. (NASDAQ:MTCH) Stock Holdings Boosted by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. boosted its stake in Match Group, Inc. (NASDAQ:MTCH) by 11.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,467,257 shares of the technology company’s stock after acquiring an additional 541,556 shares during the period. Match Group accounts for about 3.1% of Edmond DE Rothschild Holding S.A.’s holdings, making the stock its 8th biggest position. Edmond DE Rothschild Holding S.A. owned approximately 2.18% of Match Group worth $178,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Starboard Value LP acquired a new position in shares of Match Group in the third quarter valued at approximately $361,605,000. Paloma Partners Management Co raised its position in Match Group by 510.3% during the 3rd quarter. Paloma Partners Management Co now owns 65,086 shares of the technology company’s stock worth $2,463,000 after buying an additional 54,422 shares during the last quarter. Redwood Investment Management LLC acquired a new stake in shares of Match Group in the 3rd quarter worth $2,789,000. Nisa Investment Advisors LLC boosted its holdings in shares of Match Group by 94.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company’s stock valued at $1,947,000 after acquiring an additional 28,884 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Match Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company’s stock worth $211,818,000 after acquiring an additional 939,078 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MTCH. Truist Financial cut their target price on Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, December 12th. Morgan Stanley increased their price objective on Match Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Loop Capital decreased their target price 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. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price target (down previously from $40.00) on shares of Match Group in a report on Tuesday, December 17th. Finally, Wells Fargo & Company reduced their price objective on shares of Match Group from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, December 12th. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.68.

Match Group Price Performance

NASDAQ:MTCH opened at $30.63 on Monday. The firm has a market cap of $7.67 billion, a PE ratio of 15.16, a P/E/G 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 firm has a 50 day simple moving average of $32.86 and a 200-day simple moving average of $33.77.

Match Group (NASDAQ:MTCH) last posted 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, sell-side analysts expect that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group’s dividend payout ratio (DPR) is 37.62%.

Match Group announced that its board has initiated a share buyback plan on Wednesday, December 11th that permits the company to buyback $1.50 billion in 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 an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other 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 transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is currently owned by company 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.