Match Group, Inc. (NASDAQ:MTCH) Shares Acquired by Comerica Bank

Comerica Bank increased its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 61.0% in the fourth quarter, Holdings Channel reports. The firm owned 54,715 shares of the technology company’s stock after acquiring an additional 20,740 shares during the period. Comerica Bank’s holdings in Match Group were worth $1,790,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Match Group in the fourth quarter worth $43,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Match Group by 30,240.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,512 shares in the last quarter. Assetmark Inc. raised its position in Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock valued at $99,000 after purchasing an additional 378 shares during the period. Principal Securities Inc. lifted its stake in shares of Match Group by 420.3% during the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company’s stock worth $107,000 after purchasing an additional 2,652 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Match Group in the fourth quarter worth about $116,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

MTCH has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Match Group from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday. Evercore ISI lowered shares of Match Group from an “outperform” rating to an “inline” rating and set a $35.00 price target for the company. in a report on Thursday, February 6th. Barclays dropped their price target on shares of Match Group from $52.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday. Bank of America decreased their price objective on shares of Match Group from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Finally, Morgan Stanley dropped their target price on Match Group from $33.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 17th. Fourteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.06.

Match Group Trading Down 1.1 %

Shares of NASDAQ MTCH opened at $27.18 on Friday. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. The stock’s 50 day simple moving average is $30.05 and its 200 day simple moving average is $32.12. Match Group, Inc. has a 12-month low of $26.39 and a 12-month high of $38.84.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a negative return on equity of 574.22% and a net margin of 15.84%. As a group, equities analysts forecast that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.80%. The ex-dividend date is Thursday, July 3rd. Match Group’s dividend payout ratio (DPR) is 37.62%.

Insider Buying and Selling at Match Group

In related news, President Gary Swidler sold 242,209 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the transaction, the president now directly owns 1,690 shares of the company’s stock, valued at $55,533.40. This represents a 99.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.77% of the stock is owned by company insiders.

About Match Group

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.