DNB Asset Management AS Has $110.79 Million Stock Holdings in Match Group Inc. $MTCH

DNB Asset Management AS grew its holdings in Match Group Inc. (NASDAQ:MTCH) by 32.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,431,061 shares of the technology company’s stock after buying an additional 849,472 shares during the quarter. DNB Asset Management AS’s holdings in Match Group were worth $110,789,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MTCH. State Street Corp increased its position in shares of Match Group by 14.6% during the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after purchasing an additional 2,461,025 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Match Group by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock worth $385,590,000 after purchasing an additional 162,330 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Match Group by 1,163.7% during the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after purchasing an additional 5,652,174 shares in the last quarter. LSV Asset Management increased its position in shares of Match Group by 37.8% during the 3rd quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock worth $168,504,000 after purchasing an additional 1,307,949 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Match Group by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,125,373 shares of the technology company’s stock worth $110,403,000 after purchasing an additional 105,406 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity

In other news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the transaction, the director owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This trade represents a 24.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MTCH. JPMorgan Chase & Co. dropped their target price on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Truist Financial set a $37.00 target price on shares of Match Group in a research report on Wednesday, May 6th. UBS Group raised their price objective on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. TD Cowen raised their price objective on shares of Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, Citigroup raised their price objective on shares of Match Group from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $41.07.

Match Group Trading Down 0.9%

Shares of NASDAQ MTCH opened at $35.40 on Friday. The firm has a market capitalization of $8.26 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 0.57 and a beta of 1.36. Match Group Inc. has a 1 year low of $28.80 and a 1 year high of $39.20. The firm’s 50-day moving average is $33.32 and its 200-day moving average is $32.54.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s dividend payout ratio (DPR) is 30.53%.

Match Group Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.