Nisa Investment Advisors LLC Lowers Stock Holdings in Match Group Inc. $MTCH

Nisa Investment Advisors LLC lowered its stake in Match Group Inc. (NASDAQ:MTCH) by 45.8% during the fourth quarter, HoldingsChannel reports. The firm owned 32,900 shares of the technology company’s stock after selling 27,767 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Match Group were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of MTCH. AQR Capital Management LLC grew its position in Match Group by 1,163.7% in the 3rd quarter. AQR Capital Management LLC now owns 6,137,898 shares of the technology company’s stock valued at $216,791,000 after buying an additional 5,652,174 shares during the last quarter. Holocene Advisors LP increased its stake in Match Group by 2,474.5% in the 3rd quarter. Holocene Advisors LP now owns 2,741,573 shares of the technology company’s stock valued at $96,832,000 after buying an additional 2,635,085 shares during the period. State Street Corp raised its position in Match Group by 14.6% during the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after buying an additional 2,461,025 shares during the last quarter. LSV Asset Management raised its position in Match Group by 37.8% during the 3rd quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock worth $168,504,000 after buying an additional 1,307,949 shares during the last quarter. Finally, DNB Asset Management AS lifted its stake in shares of Match Group by 69.7% in the 3rd quarter. DNB Asset Management AS now owns 2,581,589 shares of the technology company’s stock worth $91,182,000 after acquiring an additional 1,060,038 shares during the period. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $31.44 on Friday. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20. The firm has a market capitalization of $7.31 billion, a P/E ratio of 13.21, a PEG ratio of 0.51 and a beta of 1.30. The company’s fifty day moving average is $30.97 and its two-hundred day moving average is $32.36.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.17). Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The company had revenue of $878.01 million during the quarter, compared to analysts’ expectations of $872.86 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Match Group Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, April 7th. This is an increase from Match Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.5%. Match Group’s dividend payout ratio (DPR) is currently 33.61%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Match Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Truist Financial cut their price target on shares of Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Match Group in a report on Thursday, January 22nd. Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 target price on shares of Match Group in a research report on Wednesday, December 10th. Finally, TD Cowen cut their target price on Match Group from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Match Group has an average rating of “Hold” and a consensus price target of $35.86.

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.