Match Group Inc. $MTCH Stock Position Lowered by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in Match Group Inc. (NASDAQ:MTCH) by 2.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,827,584 shares of the technology company’s stock after selling 43,490 shares during the period. Pacer Advisors Inc.’s holdings in Match Group were worth $59,013,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of Match Group in the third quarter valued at $28,000. Activest Wealth Management boosted its position in shares of Match Group by 6,523.1% in the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after buying an additional 848 shares during the period. Rossby Financial LCC grew its holdings in shares of 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 buying an additional 506 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Match Group by 53.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,028 shares of the technology company’s stock valued at $33,000 after buying an additional 356 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in Match Group during the fourth quarter valued at $38,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Price Performance

Shares of MTCH stock opened at $35.45 on Friday. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $39.20. The stock’s 50-day moving average is $35.56 and its two-hundred day moving average is $33.05. The firm has a market cap of $8.27 billion, a P/E ratio of 13.53, a PEG ratio of 0.57 and a beta of 1.33.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The company had revenue of $863.93 million during the quarter, compared to the consensus estimate of $854.70 million. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. As a group, research analysts expect that Match Group Inc. will post 3.11 EPS for the current year.

Match Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th will be given a dividend of $0.20 per share. 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 presently 30.53%.

Insiders Place Their Bets

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of Match Group stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the sale, the director directly owned 16,218 shares in the company, valued at $582,874.92. The trade was a 24.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MTCH shares. Piper Sandler set a $51.00 price objective on Match Group in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $43.00 price target on shares of Match Group in a research report on Wednesday, May 6th. UBS Group raised their price target on shares of Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley boosted their price objective on shares of Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Match Group presently has a consensus rating of “Hold” and an average target price of $41.07.

About Match Group

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.