Nykredit A S Invests $488,000 in Match Group Inc. $MTCH

Nykredit A S purchased a new stake in shares of Match Group Inc. (NASDAQ:MTCH) during the 2nd quarter, Holdings Channel reports. The fund purchased 12,817 shares of the technology company’s stock, valued at approximately $488,000.

Several other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in Match Group during the 3rd quarter worth about $28,000. Whittier Trust Co. grew its position in shares of Match Group by 91.3% during the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock worth $29,000 after buying an additional 431 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Match Group by 53.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock worth $33,000 after buying an additional 356 shares during the period. Elevation Wealth Partners LLC lifted its holdings in Match Group by 1,319.4% in the second quarter. Elevation Wealth Partners LLC now owns 951 shares of the technology company’s stock valued at $36,000 after buying an additional 884 shares during the period. Finally, Root Financial Partners LLC raised its position in shares of Match Group by 63.9% during the 4th quarter. Root Financial Partners LLC now owns 1,254 shares of the technology company’s stock valued at $40,000 after acquiring an additional 489 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Activity at Match Group

In related news, Director Ann Mcdaniel sold 3,531 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $42.43, for a total value of $149,820.33. Following the sale, the director owned 26,839 shares of the company’s stock, valued at $1,138,778.77. The trade was a 11.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen Bailey sold 4,760 shares of Match Group stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $42.26, for a total value of $201,157.60. Following the completion of the transaction, the director directly owned 11,742 shares in the company, valued at approximately $496,216.92. This represents a 28.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 23,291 shares of company stock worth $976,478. Corporate insiders own 0.71% of the company’s stock.

Match Group Stock Performance

Shares of MTCH opened at $41.15 on Wednesday. Match Group Inc. has a 52 week low of $28.81 and a 52 week high of $43.47. The firm’s 50-day simple moving average is $39.36 and its 200 day simple moving average is $35.83. The firm has a market cap of $9.45 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%.The business had revenue of $853.11 million during the quarter, compared to analysts’ expectations of $857.77 million. During the same period in the previous year, the company posted $0.49 earnings per share. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Match Group Inc. will post 3.31 earnings per share for the current year.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Monday, October 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, October 5th. Match Group’s dividend payout ratio is currently 28.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MTCH shares. Susquehanna reiterated a “positive” rating on shares of Match Group in a report on Wednesday, August 5th. Truist Financial lifted their price target on shares of Match Group from $37.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Weiss Ratings raised Match Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Zacks Research raised Match Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen lowered Match Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Match Group has a consensus rating of “Moderate Buy” and an average price target of $42.46.

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.