11,790 Shares in Match Group, Inc. (NASDAQ:MTCH) Purchased by Advyzon Investment Management LLC

Advyzon Investment Management LLC acquired a new position in Match Group, Inc. (NASDAQ:MTCH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,790 shares of the technology company's stock, valued at approximately $386,000.

Several other large investors have also recently modified their holdings of the company. State Street Corp raised its stake in Match Group by 2.3% in the third quarter. State Street Corp now owns 17,672,611 shares of the technology company's stock valued at $668,732,000 after buying an additional 391,977 shares during the last quarter. Starboard Value LP purchased a new position in shares of Match Group in the 3rd quarter valued at approximately $361,605,000. Pacer Advisors Inc. boosted its stake in Match Group by 17.0% in the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock worth $211,818,000 after purchasing an additional 939,078 shares in the last quarter. FMR LLC grew its position in Match Group by 10.4% during the 3rd quarter. FMR LLC now owns 5,540,916 shares of the technology company's stock worth $209,668,000 after purchasing an additional 524,144 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in Match Group by 56.8% during the 4th quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company's stock worth $78,733,000 after purchasing an additional 866,026 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MTCH shares. New Street Research downgraded shares of Match Group from a "buy" rating to a "neutral" rating in a research note on Monday, December 16th. Piper Sandler reaffirmed an "overweight" rating and set a $40.00 price target on shares of Match Group in a research report on Thursday, December 12th. Barclays cut their price objective on Match Group from $53.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, February 6th. Hsbc Global Res cut Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Loop Capital dropped their target price on Match Group from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, December 12th. Sixteen 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 stock has a consensus rating of "Hold" and a consensus target price of $37.68.

Match Group Price Performance

Match Group stock traded down $1.10 during midday trading on Friday, reaching $32.77. The company had a trading volume of 3,272,464 shares, compared to its average volume of 4,491,525. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $38.84. The company has a market capitalization of $8.23 billion, a P/E ratio of 16.22, a P/E/G ratio of 0.83 and a beta of 1.45. The firm's fifty day simple moving average is $33.32 and its 200-day simple moving average is $34.62.

Match Group (NASDAQ:MTCH - Get Free Report) last released its earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share 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, analysts expect that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group's payout ratio is 37.62%.

Match Group declared that its board has authorized a share repurchase program on Wednesday, December 11th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the technology company to repurchase up to 19% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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.