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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
DNB Asset Management AS Boosts Stake in Match Group Inc. $MTCH
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.