Hsbc Holdings PLC Grows Stock Holdings in Match Group Inc. $MTCH

Hsbc Holdings PLC grew its holdings in Match Group Inc. (NASDAQ:MTCH) by 28.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 446,170 shares of the technology company’s stock after buying an additional 99,017 shares during the period. Hsbc Holdings PLC owned approximately 0.18% of Match Group worth $13,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its position in Match Group by 17.4% in the first quarter. Ameriprise Financial Inc. now owns 12,321,485 shares of the technology company’s stock worth $384,808,000 after acquiring an additional 1,822,362 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Match Group by 64.2% in the 1st quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company’s stock valued at $298,451,000 after purchasing an additional 3,738,509 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Match Group by 7.8% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 5,852,947 shares of the technology company’s stock worth $180,798,000 after purchasing an additional 424,232 shares during the period. Fuller & Thaler Asset Management Inc. increased its position 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 purchasing an additional 506,763 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Match Group during the 1st quarter valued at $142,281,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTCH has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Morgan Stanley cut their price target on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. Evercore ISI decreased their price objective on shares of 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, Susquehanna boosted their target price on Match Group from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.00.

Insider Buying and Selling

In other Match Group news, CEO Spencer M. Rascoff purchased 14,000 shares of Match Group stock in a transaction dated Thursday, November 20th. The stock was acquired at an average price of $31.84 per share, for a total transaction of $445,760.00. Following the acquisition, the chief executive officer owned 165,128 shares in the company, valued at $5,257,675.52. This trade represents a 9.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.64% of the company’s stock.

Match Group Price Performance

Shares of MTCH stock opened at $33.70 on Wednesday. The company has a market capitalization of $7.96 billion, a P/E ratio of 16.60, a P/E/G ratio of 0.63 and a beta of 1.41. The company’s 50-day simple moving average is $33.10 and its two-hundred day simple moving average is $33.62. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, January 6th. Match Group’s payout ratio is presently 35.51%.

Match Group 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.