MetLife Investment Management LLC Has $2.18 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

MetLife Investment Management LLC decreased its stake in Match Group, Inc. (NASDAQ:MTCH) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,560 shares of the technology company’s stock after selling 479 shares during the quarter. MetLife Investment Management LLC’s holdings in Match Group were worth $2,177,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MTCH. Canada Post Corp Registered Pension Plan bought a new position in Match Group in the 4th quarter valued at $43,000. Assetmark Inc. raised its position in Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock valued at $99,000 after purchasing an additional 378 shares during the last quarter. Principal Securities Inc. raised its position in Match Group by 420.3% in the 4th quarter. Principal Securities Inc. now owns 3,283 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,652 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Match Group in the 4th quarter valued at $116,000. Finally, Blue Trust Inc. raised its position in Match Group by 96.4% in the 4th quarter. Blue Trust Inc. now owns 5,071 shares of the technology company’s stock valued at $166,000 after purchasing an additional 2,489 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

MTCH has been the subject of several research analyst reports. Evercore ISI downgraded Match Group from an “outperform” rating to an “inline” rating and set a $35.00 price objective for the company. in a research report on Thursday, February 6th. Stifel Nicolaus dropped their target price on Match Group from $35.00 to $29.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on Match Group from $33.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company dropped their target price on Match Group from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Finally, HSBC downgraded Match Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Match Group currently has an average rating of “Hold” and a consensus price target of $36.58.

Match Group Trading Up 0.3 %

Shares of NASDAQ MTCH opened at $30.17 on Tuesday. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a 12 month low of $26.39 and a 12 month high of $38.84. The stock has a 50-day moving average price of $30.51 and a two-hundred day moving average price of $32.57.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a negative return on equity of 574.22% and a net margin of 15.84%. On average, sell-side analysts predict that Match Group, Inc. will post 2.44 earnings per share for the current year.

Match Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.52%. The ex-dividend date was Thursday, April 3rd. Match Group’s payout ratio is 37.62%.

Insider Activity

In other Match Group news, President Gary Swidler sold 242,209 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the sale, the president now directly owns 1,690 shares of the company’s stock, valued at $55,533.40. The trade was a 99.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.77% of the stock is currently owned by insiders.

Match Group Company 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.