Match Group Inc. $MTCH Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lessened its holdings in shares of Match Group Inc. (NASDAQ:MTCH) by 0.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,455,833 shares of the technology company’s stock after selling 32,371 shares during the quarter. Match Group makes up 1.0% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 15th largest holding. Jupiter Asset Management Ltd.’s holdings in Match Group were worth $122,060,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MTCH. Norges Bank bought a new position in shares of Match Group during the second quarter valued at approximately $134,429,000. LSV Asset Management boosted its position in Match Group by 106.2% during the 2nd 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 period. Callodine Capital Management LP grew its stake in Match Group by 67.3% during the 2nd quarter. Callodine Capital Management LP now owns 1,355,000 shares of the technology company’s stock worth $41,856,000 after buying an additional 545,000 shares during the last quarter. Bank of America Corp DE grew its stake in 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 buying an additional 507,901 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Match Group by 257.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 702,121 shares of the technology company’s stock worth $21,689,000 after buying an additional 505,870 shares during the period. Institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

NASDAQ MTCH opened at $30.69 on Friday. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $39.20. The business’s fifty day moving average is $31.74 and its two-hundred day moving average is $33.74. The stock has a market capitalization of $7.24 billion, a P/E ratio of 12.89, a P/E/G ratio of 0.58 and a beta of 1.32.

Match Group (NASDAQ:MTCH) last released 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). The company had revenue of $878.01 million for the quarter, compared to the consensus estimate of $872.86 million. Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. On average, research analysts forecast that Match Group Inc. will post 2.44 earnings per share for the current 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 paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.6%. This is an increase from Match Group’s previous quarterly dividend of $0.19. Match Group’s dividend payout ratio (DPR) is 31.93%.

Analyst Upgrades and Downgrades

MTCH has been the topic of several analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $37.00 price target on shares of Match Group in a research note on Wednesday, December 10th. UBS Group set a $34.00 price target on Match Group in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Match Group in a report on Thursday, January 22nd. TD Cowen decreased their target price on shares of Match Group from $40.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Match Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Match Group currently has an average rating of “Hold” and an average target price 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.