Robeco Institutional Asset Management B.V. Grows Position in Match Group Inc. $MTCH

Robeco Institutional Asset Management B.V. boosted its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 625,638 shares of the technology company’s stock after purchasing an additional 115,852 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Match Group were worth $20,202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MTCH. Harbor Capital Advisors Inc. purchased a new position in Match Group during the third quarter valued at $25,000. Root Financial Partners LLC purchased a new position in Match Group during the third quarter valued at $27,000. Advisory Services Network LLC purchased a new position in Match Group during the third quarter valued at $28,000. Rossby Financial LCC lifted its position in Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after purchasing an additional 506 shares in the last quarter. Finally, Caldwell Trust Co purchased a new position in Match Group during the second quarter valued at $32,000. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Stock Up 1.2%

Shares of Match Group stock opened at $33.59 on Wednesday. The stock’s 50-day simple moving average is $31.17 and its 200-day simple moving average is $32.10. Match Group Inc. has a 52 week low of $26.80 and a 52 week high of $39.20. The company has a market capitalization of $7.81 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.54 and a beta of 1.30.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.83 EPS for the quarter, missing the consensus estimate 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 business had revenue of $878.01 million during the quarter, compared to analysts’ expectations of $872.86 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Match Group’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts expect that Match Group Inc. will post 2.44 earnings per share for the current year.

Match Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.4%. This is a positive change from Match Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 7th. Match Group’s payout ratio is presently 33.61%.

Analyst Ratings Changes

Several equities analysts have recently commented on MTCH shares. Wells Fargo & Company started coverage on 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. Wolfe Research set a $43.00 price objective on Match Group and gave the company an “outperform” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. lowered their price objective on Match Group from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a research report on Thursday, January 22nd. Finally, Morgan Stanley set a $35.00 price objective on Match Group in a research report on Wednesday, February 4th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.64.

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.