Vest Financial LLC Has $1.95 Million Holdings in Match Group Inc. $MTCH

Vest Financial LLC grew its stake in Match Group Inc. (NASDAQ:MTCH) by 652.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,322 shares of the technology company’s stock after buying an additional 52,309 shares during the quarter. Vest Financial LLC’s holdings in Match Group were worth $1,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MTCH. AQR Capital Management LLC boosted its holdings in shares of Match Group by 1,163.7% in 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 period. Holocene Advisors LP boosted its holdings in shares of Match Group by 2,474.5% in the third 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 boosted its holdings in shares of Match Group by 14.6% in 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 period. LSV Asset Management boosted its holdings in shares of Match Group by 37.8% in the third quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock valued at $168,504,000 after buying an additional 1,307,949 shares during the period. Finally, DNB Asset Management AS boosted its holdings in shares of Match Group by 69.7% in the third quarter. DNB Asset Management AS now owns 2,581,589 shares of the technology company’s stock valued at $91,182,000 after buying an additional 1,060,038 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MTCH. Weiss Ratings raised shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. cut their price objective on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Wolfe Research set a $43.00 price objective on shares of Match Group and gave the stock an “outperform” rating in a research report on Monday, January 5th. UBS Group reissued a “neutral” rating on shares of Match Group in a research report on Friday, March 13th. Finally, Wells Fargo & Company began coverage on shares of Match Group in a research report on Tuesday, April 7th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $36.42.

Match Group Trading Down 0.1%

NASDAQ MTCH opened at $36.97 on Thursday. The firm’s fifty day moving average price is $32.29 and its two-hundred day moving average price is $32.27. Match Group Inc. has a 1 year low of $26.80 and a 1 year high of $39.20. The firm has a market capitalization of $8.60 billion, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 0.60 and a beta of 1.30.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.17). Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The firm had revenue of $878.01 million for the quarter, compared to the consensus estimate of $872.86 million. During the same period last year, the company posted $0.59 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Match Group Inc. will post 3.05 EPS for the current fiscal year.

Match Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th were issued a $0.20 dividend. This is an increase from Match Group’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, April 7th. Match Group’s dividend payout ratio is presently 33.61%.

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.