Aquatic Capital Management LLC Buys New Position in Match Group Inc. $MTCH

Aquatic Capital Management LLC bought a new stake in Match Group Inc. (NASDAQ:MTCH) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 143,489 shares of the technology company’s stock, valued at approximately $5,068,000. Aquatic Capital Management LLC owned approximately 0.06% of Match Group at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Match Group by 8.2% during the second quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after buying an additional 326 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Match Group by 2.8% during the third quarter. Bessemer Group Inc. now owns 12,281 shares of the technology company’s stock valued at $432,000 after buying an additional 333 shares during the period. Bollard Group LLC lifted its stake in shares of Match Group by 0.7% during the second quarter. Bollard Group LLC now owns 54,558 shares of the technology company’s stock valued at $1,685,000 after buying an additional 356 shares during the period. Rossby Financial LCC boosted its position in Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock worth $31,000 after acquiring an additional 506 shares during the last quarter. Finally, Huntington National Bank boosted its position in Match Group by 35.8% during the third quarter. Huntington National Bank now owns 1,984 shares of the technology company’s stock worth $70,000 after acquiring an additional 523 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on MTCH. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a report on Thursday, January 22nd. Wolfe Research set a $43.00 price objective on Match Group and gave the stock an “outperform” rating in a report on Monday, January 5th. JPMorgan Chase & Co. lowered their price objective on 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 dropped their target price on Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a research note on Wednesday, February 4th. Finally, TD Cowen reduced their target price on Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.86.

Match Group Stock Down 1.6%

Shares of MTCH opened at $30.29 on Tuesday. Match Group Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.20. The company’s fifty day moving average is $31.23 and its two-hundred day moving average is $33.00. The firm has a market cap of $7.15 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.50 and a beta of 1.30.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). The firm had revenue of $878.01 million for the quarter, compared to analyst estimates of $872.86 million. Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The company’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. As a group, equities research analysts anticipate that Match Group Inc. will post 2.44 earnings per share for the current year.

Match Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be paid a dividend of $0.20 per share. This is a boost from Match Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, April 7th. Match Group’s payout ratio is currently 31.93%.

Match Group Company 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.