KBC Group NV Has $11.23 Million Stake in Match Group Inc. $MTCH

KBC Group NV lowered its position in shares of Match Group Inc. (NASDAQ:MTCH) by 13.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 365,758 shares of the technology company’s stock after selling 56,563 shares during the period. KBC Group NV’s holdings in Match Group were worth $11,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management raised its position in Match Group by 6,523.1% in the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock valued at $28,000 after purchasing an additional 848 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of Match Group in the third quarter valued at approximately $28,000. Whittier Trust Co. raised its holdings in Match Group by 91.3% in the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock valued at $29,000 after buying an additional 431 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Match Group by 53.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after buying an additional 356 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in Match Group during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Transactions at Match Group

In related news, Director Melissa Anne Brenner sold 5,141 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the completion of the transaction, the director directly owned 16,218 shares in the company, valued at $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.71% of the company’s stock.

Match Group Trading Down 1.9%

Shares of NASDAQ:MTCH opened at $38.03 on Thursday. Match Group Inc. has a 1-year low of $28.81 and a 1-year high of $41.03. The stock’s fifty day simple moving average is $36.63 and its two-hundred day simple moving average is $33.85. The stock has a market cap of $8.87 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 0.62 and a beta of 1.30.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The business had revenue of $863.93 million during the quarter, compared to the consensus estimate of $854.70 million. During the same quarter last year, the company earned $0.44 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts forecast that Match Group Inc. will post 3.11 earnings per share for the current fiscal year.

Match Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, July 7th. Match Group’s dividend payout ratio (DPR) is 30.53%.

Wall Street Analysts Forecast Growth

MTCH has been the subject of several analyst reports. TD Cowen raised their price target on shares of Match Group from $37.00 to $44.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Morgan Stanley increased their price objective on Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Wall Street Zen raised Match Group from a “hold” rating to a “buy” rating in a research note on Sunday, April 26th. Royal Bank Of Canada raised their price objective on Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Barclays lifted their price objective on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Match Group presently has an average rating of “Hold” and a consensus price target of $41.29.

About Match Group

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.