Aware Super Pty Ltd as trustee of Aware Super Makes New Investment in Match Group, Inc. (NASDAQ:MTCH)

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 34,230 shares of the technology company’s stock, valued at approximately $1,120,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTCH. Pacer Advisors Inc. lifted its stake in 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 buying an additional 939,078 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Match Group by 25.3% in the 4th quarter. Invesco Ltd. now owns 5,827,217 shares of the technology company’s stock valued at $190,608,000 after purchasing an additional 1,174,889 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in 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 valued at $183,968,000 after buying an additional 2,952,470 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Match Group by 11.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 5,467,257 shares of the technology company’s stock valued at $178,834,000 after acquiring an additional 541,556 shares in the last quarter. Finally, Mawer Investment Management Ltd. boosted its position in shares of Match Group by 716.8% in the fourth quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company’s stock worth $171,889,000 after buying an additional 4,611,598 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction dated Friday, March 7th. The stock was 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 in the company, 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 can be accessed through this link. Insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MTCH. Morgan Stanley upped their target price on shares of Match Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Jefferies Financial Group reiterated 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. BTIG Research downgraded shares of Match Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Hsbc Global Res downgraded Match Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. Finally, Evercore ISI lowered shares of Match Group from an “outperform” rating to an “inline” rating and set a $35.00 price target on the stock. in a research note on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Match Group currently has an average rating of “Hold” and a consensus price target of $37.63.

Match Group Stock Up 1.5 %

MTCH opened at $29.08 on Wednesday. The business has a fifty day simple moving average of $31.37 and a 200-day simple moving average of $33.10. The firm has a market cap of $7.28 billion, a PE ratio of 14.40, a P/E/G ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $38.84.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share (EPS) 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, equities research analysts anticipate that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group’s dividend payout ratio (DPR) is 37.62%.

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.