Jupiter Asset Management Ltd. Grows Stake in Match Group Inc. $MTCH

Jupiter Asset Management Ltd. increased its holdings in Match Group Inc. (NASDAQ:MTCH) by 15,523.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,488,204 shares of the technology company’s stock after buying an additional 3,465,877 shares during the period. Match Group accounts for approximately 0.9% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 15th largest holding. Jupiter Asset Management Ltd.’s holdings in Match Group were worth $107,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC bought a new position in Match Group in the 1st quarter worth about $142,281,000. Invesco Ltd. grew its holdings in shares of Match Group by 64.2% during the first quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company’s stock worth $298,451,000 after purchasing an additional 3,738,509 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Match Group in the first quarter worth approximately $77,783,000. Ameriprise Financial Inc. increased its position in shares of Match Group by 17.4% in the first quarter. Ameriprise Financial Inc. now owns 12,321,485 shares of the technology company’s stock worth $384,808,000 after purchasing an additional 1,822,362 shares during the last quarter. Finally, LSV Asset Management raised its stake in Match Group by 126.1% in the first quarter. LSV Asset Management now owns 1,679,575 shares of the technology company’s stock valued at $52,403,000 after purchasing an additional 936,753 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Match Group from a “hold” rating to a “buy” rating in a research note on Saturday. Truist Financial dropped their price objective on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, August 6th. Finally, Evercore ISI dropped their price target on Match Group from $38.00 to $35.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Four equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Insider Buying and Selling

In other news, CAO Philip D. Eigenmann sold 6,531 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total value of $245,043.12. Following the transaction, the chief accounting officer owned 23,240 shares in the company, valued at approximately $871,964.80. This trade represents a 21.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mcdaniel sold 5,423 shares of Match Group stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total transaction of $203,796.34. Following the completion of the transaction, the director directly owned 21,926 shares in the company, valued at approximately $823,979.08. The trade was a 19.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.64% of the stock is owned by insiders.

Match Group Stock Down 1.1%

Match Group stock opened at $32.94 on Wednesday. The company has a market capitalization of $7.93 billion, a PE ratio of 16.23, a P/E/G ratio of 0.63 and a beta of 1.41. The firm has a fifty day simple moving average of $34.65 and a two-hundred day simple moving average of $33.28. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.09). The company had revenue of $914.28 million for the quarter, compared to the consensus estimate of $882.09 million. Match Group had a net margin of 15.59% and a negative return on equity of 398.05%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.51 earnings per share. Match Group has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Match Group Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date is Tuesday, January 6th. Match Group’s dividend payout ratio (DPR) is presently 35.51%.

Match Group Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.