Mitsubishi UFJ Trust & Banking Corp Trims Position in Match Group Inc. $MTCH

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Match Group Inc. (NASDAQ:MTCH) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 821,653 shares of the technology company’s stock after selling 36,856 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Match Group were worth $26,531,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in 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 worth $216,791,000 after purchasing an additional 5,652,174 shares during the period. Holocene Advisors LP grew its stake in 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 worth $96,832,000 after purchasing an additional 2,635,085 shares during the period. State Street Corp grew its stake in Match Group by 14.6% in the third quarter. State Street Corp now owns 19,275,943 shares of the technology company’s stock worth $680,826,000 after purchasing an additional 2,461,025 shares during the period. LSV Asset Management grew its stake in Match Group by 37.8% in the third quarter. LSV Asset Management now owns 4,770,780 shares of the technology company’s stock worth $168,504,000 after purchasing an additional 1,307,949 shares during the period. Finally, DNB Asset Management AS grew its stake in 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 worth $91,182,000 after purchasing an additional 1,060,038 shares during the period. 94.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on MTCH. Truist Financial reduced their price target on Match Group from $35.00 to $34.00 and set a “hold” rating on the stock in a research note on Wednesday, February 4th. Wolfe Research set a $43.00 price target on Match Group and gave the stock an “outperform” rating in a research note on Monday, January 5th. Weiss Ratings raised Match Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Wall Street Zen raised Match Group from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, TD Cowen reduced their price target on Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Five analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Match Group has a consensus rating of “Hold” and an average target price of $36.42.

Match Group Trading Down 0.1%

NASDAQ MTCH opened at $36.97 on Thursday. Match Group Inc. has a 12 month low of $26.80 and a 12 month high of $39.20. The stock has a market cap of $8.60 billion, a P/E ratio of 15.53, a P/E/G ratio of 0.60 and a beta of 1.30. The stock’s fifty day moving average price is $32.29 and its 200-day moving average price is $32.27.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, February 3rd. The technology company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $878.01 million during the quarter, compared to analysts’ expectations of $872.86 million. During the same period in the prior year, the company posted $0.59 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. As a group, analysts forecast that Match Group Inc. will post 3.05 earnings per share for the current fiscal year.

Match Group Increases Dividend

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

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.