Jupiter Asset Management Ltd. Grows Holdings in Match Group Inc. $MTCH

Jupiter Asset Management Ltd. boosted its position in Match Group Inc. (NASDAQ:MTCH) by 15,523.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 3,488,204 shares of the technology company’s stock after purchasing an additional 3,465,877 shares during the period. Match Group comprises 0.9% of Jupiter Asset Management Ltd.’s investment portfolio, making the stock its 15th biggest position. Jupiter Asset Management Ltd. owned approximately 1.39% of Match Group worth $107,751,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Match Group by 56.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock worth $31,000 after buying an additional 362 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Match Group during the first quarter valued at approximately $49,000. Summit Securities Group LLC bought a new stake in Match Group during the first quarter worth $54,000. Harbour Investments Inc. boosted its position in Match Group by 28.0% in the second quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after purchasing an additional 446 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Match Group by 18.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock valued at $77,000 after purchasing an additional 390 shares during the period. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Match Group

In other Match Group news, Director Ann Mcdaniel sold 5,423 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the transaction, the director owned 21,926 shares in the company, valued at $823,979.08. This trade represents a 19.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Philip D. Eigenmann sold 6,531 shares of Match Group stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total value of $245,043.12. Following the transaction, the chief accounting officer directly owned 23,240 shares of the company’s stock, valued at $871,964.80. The trade was a 21.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.64% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Susquehanna lifted their price objective on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research note on Wednesday, October 8th. Morgan Stanley decreased their price target on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday, October 20th. Finally, Evercore ISI lowered their price target on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a report on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.00.

Match Group Stock Down 1.1%

NASDAQ MTCH opened at $32.94 on Wednesday. The company’s 50 day moving average is $34.65 and its 200-day moving average is $33.28. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The firm has a market cap of $7.93 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.09). Match Group had a negative return on equity of 398.05% and a net margin of 15.59%.The business had revenue of $914.28 million during the quarter, compared to the consensus estimate of $882.09 million. During the same period last year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. Match Group has set its Q4 2025 guidance at EPS. Equities analysts expect that Match Group Inc. will post 2.44 EPS for the current year.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Tuesday, January 6th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 6th. Match Group’s dividend payout ratio (DPR) is presently 35.51%.

Match Group Company Profile

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.