DNB Asset Management AS Boosts Stake in Match Group Inc. $MTCH

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DNB Asset Management AS significantly increased its stake in Match Group Inc. (NASDAQ:MTCH) by 69.7% in the third quarter, now owning 2,581,589 shares worth $91.18 million. Other institutional investors also adjusted their positions in MTCH, with hedge funds and institutional investors collectively owning 94.05% of the stock. Match Group recently declared an increased quarterly dividend of $0.20 per share, up from $0.19, and has received mixed analyst ratings with a consensus “Hold” and a price target of $35.86.

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