Match Group Inc. $MTCH Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in Match Group Inc. (NASDAQ:MTCH) by 15.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,552,520 shares of the technology company’s stock after selling 1,931,295 shares during the quarter. Ameriprise Financial Inc. owned approximately 4.47% of Match Group worth $372,715,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MTCH. AQR Capital Management LLC increased its position in shares of Match Group by 1,163.7% in the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock worth $216,791,000 after purchasing an additional 5,652,174 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Match Group by 7.8% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 5,852,947 shares of the technology company’s stock valued at $180,798,000 after acquiring an additional 424,232 shares during the period. Neuberger Berman Group LLC boosted its stake in Match Group by 7.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,287,202 shares of the technology company’s stock valued at $163,322,000 after purchasing an additional 349,963 shares during the period. LSV Asset Management boosted its position in shares of Match Group by 37.8% during the third quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock worth $168,504,000 after buying an additional 1,307,949 shares during the period. Finally, Norges Bank acquired a new position in Match Group during the 2nd quarter worth $134,429,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MTCH shares. Truist Financial reduced their price target on shares of Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a research note on Wednesday, February 4th. JPMorgan Chase & Co. decreased their price target on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Wall Street Zen raised Match Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 price objective on shares of Match Group in a research report on Wednesday, December 10th. Finally, UBS Group reissued a “neutral” rating on shares of Match Group in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.86.

Match Group Stock Performance

Match Group stock opened at $30.29 on Tuesday. The company has a 50 day moving average price of $31.23 and a 200 day moving average price of $33.00. Match Group Inc. has a 52 week low of $26.39 and a 52 week high of $39.20. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 0.50 and a beta of 1.30.

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

Match Group Increases Dividend

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

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.