BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $934,000 Stake in Match Group Inc. $MTCH

BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Match Group Inc. (NASDAQ:MTCH) by 180.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,447 shares of the technology company’s stock after purchasing an additional 17,019 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Match Group were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Match Group in the 2nd quarter valued at about $134,429,000. Jupiter Asset Management Ltd. boosted its position in Match Group by 15,523.3% during the second quarter. Jupiter Asset Management Ltd. now owns 3,488,204 shares of the technology company’s stock valued at $107,751,000 after purchasing an additional 3,465,877 shares during the last quarter. LSV Asset Management boosted its position in Match Group by 106.2% during the second quarter. LSV Asset Management now owns 3,462,831 shares of the technology company’s stock valued at $106,967,000 after purchasing an additional 1,783,256 shares during the last quarter. Callodine Capital Management LP grew its stake in Match Group by 67.3% in the second quarter. Callodine Capital Management LP now owns 1,355,000 shares of the technology company’s stock valued at $41,856,000 after purchasing an additional 545,000 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Match Group by 21.2% during the 2nd quarter. Bank of America Corp DE now owns 2,908,669 shares of the technology company’s stock worth $89,849,000 after purchasing an additional 507,901 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Match Group Stock Up 1.4%

Shares of MTCH stock opened at $30.69 on Friday. The firm has a 50 day moving average price of $31.74 and a two-hundred day moving average price of $33.74. The company has a market capitalization of $7.24 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.58 and a beta of 1.32. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20.

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

Match Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, April 7th. Match Group’s payout ratio is 31.93%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MTCH shares. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a report on Thursday, January 22nd. Raymond James Financial reaffirmed a “market perform” rating on shares of Match Group in a research report on Wednesday, December 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 price objective on shares of Match Group in a research report on Wednesday, December 10th. Evercore cut their target price 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, UBS Group set a $34.00 price target on Match Group in a report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $35.86.

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.