Match Group Inc. $MTCH Shares Sold by KBC Group NV

KBC Group NV trimmed its holdings in shares of Match Group Inc. (NASDAQ:MTCH) by 17.2% in the second quarter, Holdings Channel reports. The firm owned 465,310 shares of the technology company’s stock after selling 96,320 shares during the period. KBC Group NV’s holdings in Match Group were worth $14,373,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in shares of Match Group by 17.4% during the first quarter. Ameriprise Financial Inc. now owns 12,321,485 shares of the technology company’s stock worth $384,808,000 after purchasing an additional 1,822,362 shares in the last quarter. Invesco Ltd. grew its stake in shares of Match Group by 64.2% in the first quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company’s stock valued at $298,451,000 after buying an additional 3,738,509 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Match Group by 10.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 5,573,084 shares of the technology company’s stock valued at $173,880,000 after buying an additional 506,763 shares during the period. Nuveen LLC acquired a new position in Match Group during the 1st quarter worth approximately $142,281,000. Finally, Jupiter Asset Management Ltd. boosted its holdings in Match Group by 15,523.3% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 3,488,204 shares of the technology company’s stock worth $107,751,000 after acquiring an additional 3,465,877 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Price Performance

NASDAQ MTCH opened at $32.54 on Friday. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $39.20. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41. The company’s fifty day moving average price is $34.47 and its two-hundred day moving average price is $33.28.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Tuesday, January 6th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. Match Group’s dividend payout ratio (DPR) is presently 35.51%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Susquehanna lifted their price target on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Wall Street Zen upgraded shares of Match Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Evercore ISI lowered their target price on Match Group from $38.00 to $35.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Finally, UBS Group lifted their target price on Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Four research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat.com, Match Group presently has a consensus rating of “Hold” and a consensus target price of $35.00.

Insider Transactions at Match Group

In related news, CAO Philip D. Eigenmann sold 6,531 shares of Match Group stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total value of $245,043.12. Following the completion of the transaction, the chief accounting officer directly owned 23,240 shares in the company, valued at approximately $871,964.80. This trade represents a 21.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mcdaniel sold 5,423 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the sale, the director directly owned 21,926 shares of the company’s stock, valued at approximately $823,979.08. This represents a 19.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.64% of the stock is currently owned by company insiders.

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.