BNP Paribas Financial Markets Decreases Stock Holdings in Match Group Inc. $MTCH

BNP Paribas Financial Markets trimmed its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 19.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 871,204 shares of the technology company’s stock after selling 208,002 shares during the period. BNP Paribas Financial Markets owned approximately 0.37% of Match Group worth $28,131,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MTCH. State Street Corp increased its holdings in Match Group by 14.6% during the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock valued at $680,826,000 after buying an additional 2,461,025 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Match Group by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company’s stock valued at $385,590,000 after buying an additional 162,330 shares during the last quarter. AQR Capital Management LLC increased its holdings in Match Group by 1,163.7% during the third 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. LSV Asset Management increased its holdings in Match Group by 18.3% during the fourth quarter. LSV Asset Management now owns 5,644,584 shares of the technology company’s stock valued at $182,264,000 after buying an additional 873,804 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in Match Group by 14.9% during the fourth quarter. Jupiter Asset Management Ltd. now owns 3,971,583 shares of the technology company’s stock valued at $128,242,000 after buying an additional 515,750 shares during the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Stock Up 1.3%

MTCH stock opened at $34.76 on Friday. Match Group Inc. has a 52 week low of $28.81 and a 52 week high of $39.20. The company has a fifty day simple moving average of $34.69 and a two-hundred day simple moving average of $32.84. The firm has a market capitalization of $8.11 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 0.55 and a beta of 1.33.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s dividend payout ratio (DPR) is currently 30.53%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company upped their target price on shares of Match Group from $30.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Match Group in a report on Wednesday, May 6th. Barclays upped their target price on shares of Match Group from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Truist Financial set a $37.00 target price on shares of Match Group in a report on Wednesday, May 6th. Finally, TD Cowen increased their price objective on shares of Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Match Group presently has an average rating of “Hold” and an average price target of $41.07.

Insider Buying and Selling

In related news, Director Melissa Anne Brenner sold 5,141 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the transaction, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. This trade represents a 24.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.64% of the stock is owned by corporate insiders.

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.