Match Group Inc. $MTCH Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in Match Group Inc. (NASDAQ:MTCH) by 42.6% in the first quarter, Holdings Channel reports. The firm owned 105,184 shares of the technology company’s stock after selling 77,946 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Match Group were worth $3,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AQR Capital Management LLC grew its position in shares of Match Group by 1,163.7% in the third quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock valued at $216,791,000 after purchasing an additional 5,652,174 shares during the period. Norges Bank acquired a new position in shares of Match Group in the fourth quarter valued at approximately $112,641,000. Holocene Advisors LP increased its position in shares of Match Group by 2,474.5% during the third quarter. Holocene Advisors LP now owns 2,741,573 shares of the technology company’s stock worth $96,832,000 after acquiring an additional 2,635,085 shares during the period. State Street Corp raised its stake in shares of Match Group by 14.6% in the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock valued at $680,826,000 after acquiring an additional 2,461,025 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Match Group by 58.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,997,395 shares of the technology company’s stock valued at $96,786,000 after buying an additional 1,111,419 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTCH has been the subject of several analyst reports. Morgan Stanley increased their price objective on shares of Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Piper Sandler set a $51.00 price objective on Match Group in a report on Wednesday, May 6th. Royal Bank Of Canada upped their price target on Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Match Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $41.29.

Insider Buying and Selling at Match Group

In related news, Director Melissa Anne Brenner sold 5,141 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the sale, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. The trade was a 24.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.71% of the company’s stock.

Match Group Trading Up 3.2%

NASDAQ:MTCH traded up $1.22 on Tuesday, reaching $38.89. The stock had a trading volume of 941,541 shares, compared to its average volume of 4,443,814. The stock has a market cap of $9.07 billion, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 0.61 and a beta of 1.30. The company has a 50-day moving average of $36.05 and a 200 day moving average of $33.27. Match Group Inc. has a 12-month low of $28.81 and a 12-month high of $39.20.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.07. The company had revenue of $863.93 million for the quarter, compared to analysts’ expectations of $854.70 million. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $0.44 EPS. On average, equities analysts predict that Match Group Inc. will post 3.11 EPS for the current year.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. Match Group’s dividend payout ratio is currently 30.53%.

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.