Secured Retirement Advisors LLC Takes Position in Match Group, Inc. (NASDAQ:MTCH)

Secured Retirement Advisors LLC acquired a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 21,802 shares of the technology company’s stock, valued at approximately $713,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Empirical Finance LLC increased its position in Match Group by 1.5% in the 3rd quarter. Empirical Finance LLC now owns 25,952 shares of the technology company’s stock valued at $982,000 after acquiring an additional 384 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Match Group by 1.5% during the third quarter. State of Alaska Department of Revenue now owns 29,955 shares of the technology company’s stock valued at $1,133,000 after purchasing an additional 455 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after purchasing an additional 605 shares in the last quarter. River Global Investors LLP raised its position in Match Group by 0.9% in the 3rd quarter. River Global Investors LLP now owns 82,382 shares of the technology company’s stock worth $3,119,000 after purchasing an additional 732 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its holdings in Match Group by 17.2% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 5,128 shares of the technology company’s stock worth $194,000 after buying an additional 753 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Stock Up 2.0 %

Shares of MTCH stock opened at $34.69 on Friday. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $38.84. The firm has a fifty day moving average of $33.13 and a 200-day moving average of $34.68. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.14 and a beta of 1.45.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. On average, equities analysts expect that Match Group, Inc. will post 2.49 EPS for the current year.

Match Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.19%. Match Group’s dividend payout ratio is currently 37.62%.

Match Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to buy up to 19% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

MTCH has been the subject of a number of recent research reports. Truist Financial dropped their target price on Match Group from $35.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, December 12th. Evercore ISI downgraded shares of Match Group from an “outperform” rating to an “inline” rating and set a $35.00 target price on the stock. in a research report on Thursday, February 6th. Barclays reduced their target price on shares of Match Group from $53.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company cut their price objective on shares of Match Group from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Thursday, December 12th. Finally, New Street Research cut shares of Match Group from a “buy” rating to a “neutral” rating in a research note on Monday, December 16th. Sixteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.68.

Insider Activity

In related news, Director Stephen Bailey sold 801 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the transaction, the director now owns 12,398 shares of the company’s stock, valued at approximately $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is owned by corporate insiders.

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.