Swedbank AB Acquires 148,700 Shares of Match Group Inc. $MTCH

Swedbank AB increased its holdings in Match Group Inc. (NASDAQ:MTCH) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 816,800 shares of the technology company’s stock after purchasing an additional 148,700 shares during the quarter. Swedbank AB owned approximately 0.35% of Match Group worth $26,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of MTCH. Jefferies Financial Group Inc. bought a new stake in Match Group during the 4th quarter valued at approximately $10,356,000. EverSource Wealth Advisors LLC boosted its position in Match Group by 17.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 11,303 shares of the technology company’s stock valued at $365,000 after acquiring an additional 1,688 shares in the last quarter. LSV Asset Management boosted its position in Match Group by 18.3% during the 4th quarter. LSV Asset Management now owns 5,644,584 shares of the technology company’s stock valued at $182,264,000 after acquiring an additional 873,804 shares in the last quarter. Evoke Wealth LLC boosted its position in Match Group by 14.3% during the 4th quarter. Evoke Wealth LLC now owns 6,548 shares of the technology company’s stock valued at $211,000 after acquiring an additional 818 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in Match Group by 511.9% during the 4th quarter. Global Retirement Partners LLC now owns 6,468 shares of the technology company’s stock valued at $209,000 after acquiring an additional 5,411 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Morgan Stanley lifted their price objective on Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Wall Street Zen raised Match Group from a “hold” rating to a “buy” rating in a research report on Sunday, April 26th. Weiss Ratings upgraded shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Piper Sandler set a $51.00 target price on shares of Match Group in a research note on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their target price on shares of Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Match Group presently has an average rating of “Hold” and an average price target of $41.07.

Match Group Price Performance

NASDAQ:MTCH opened at $35.80 on Tuesday. The firm has a market capitalization of $8.35 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 0.57 and a beta of 1.36. Match Group Inc. has a one year low of $28.81 and a one year high of $39.20. The business has a fifty day moving average price of $33.92 and a 200-day moving average price of $32.68.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 annualized dividend and a yield of 2.2%. Match Group’s dividend payout ratio is currently 30.53%.

Insiders Place Their Bets

In related news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the transaction, the director owned 16,218 shares of the company’s stock, valued at approximately $582,874.92. This represents a 24.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

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.