Barclays PLC Has $45.39 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Barclays PLC trimmed its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 60.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,199,586 shares of the technology company’s stock after selling 1,848,659 shares during the period. Barclays PLC owned approximately 0.47% of Match Group worth $45,392,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after acquiring an additional 605 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Match Group during the third quarter worth $31,000. Quarry LP lifted its stake in Match Group by 54.5% in the second quarter. Quarry LP now owns 1,307 shares of the technology company’s stock valued at $40,000 after buying an additional 461 shares during the period. Northwest & Ethical Investments L.P. bought a new position in Match Group during the third quarter worth about $57,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Match Group by 433.5% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after buying an additional 1,500 shares during the period. 94.05% of the stock is owned by institutional investors.

Match Group Price Performance

Match Group stock opened at $30.58 on Friday. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $42.42. The firm has a market capitalization of $7.68 billion, a PE ratio of 13.65, a P/E/G ratio of 1.18 and a beta of 1.47. The company’s 50-day moving average is $34.60 and its 200-day moving average is $34.13.

Match Group announced that its board has initiated a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to purchase up to 19% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, January 6th will be given a $0.19 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.49%.

Insider Buying and Selling at Match Group

In other news, Director Stephen Bailey sold 801 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total transaction of $25,319.61. Following the completion of the sale, the director now owns 12,398 shares in the company, valued at $391,900.78. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MTCH. KeyCorp cut their price target on shares of Match Group from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 12th. Bank of America increased their target price on shares of Match Group from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus cut their price objective on Match Group from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Thursday. StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Truist Financial lowered their price objective on shares of Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.27.

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.