BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases New Position in Match Group Inc. $MTCH

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Match Group Inc. (NASDAQ:MTCH) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 9,428 shares of the technology company’s stock, valued at approximately $291,000.

Several other large investors have also added to or reduced their stakes in MTCH. MassMutual Private Wealth & Trust FSB increased its stake in 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 valued at $31,000 after buying an additional 362 shares during the last quarter. SVB Wealth LLC purchased a new stake in Match Group in the 1st quarter valued at about $49,000. Summit Securities Group LLC purchased a new stake in Match Group in the 1st quarter valued at about $54,000. Harbour Investments Inc. increased its stake in Match Group by 28.0% in the 2nd quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock valued at $63,000 after buying an additional 446 shares during the last quarter. Finally, Parallel Advisors LLC increased 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 buying an additional 390 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Match Group

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

Wall Street Analysts Forecast Growth

MTCH has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research note on Wednesday, October 8th. Truist Financial decreased their price objective on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday. Morgan Stanley decreased their price objective 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. Evercore ISI decreased their price objective on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating for the company in a research note on Wednesday. Finally, UBS Group increased their price objective on shares of Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Five analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $35.50.

Match Group Trading Up 5.2%

Shares of NASDAQ MTCH opened at $33.19 on Thursday. The stock has a fifty day simple moving average of $34.99 and a two-hundred day simple moving average of $33.17. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 6th. Match Group’s dividend payout ratio is 35.51%.

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.