Boston Partners Sells 21,203 Shares of Match Group, Inc. (NASDAQ:MTCH)

Boston Partners lessened its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,351,834 shares of the technology company's stock after selling 21,203 shares during the quarter. Boston Partners owned 0.54% of Match Group worth $44,217,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Metis Global Partners LLC increased its position in shares of Match Group by 3.0% during the fourth quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock worth $358,000 after acquiring an additional 318 shares in the last quarter. Cornerstone Investment Partners LLC increased its holdings in Match Group by 2.2% during the 4th quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock worth $520,000 after purchasing an additional 349 shares in the last quarter. Assetmark Inc. increased its holdings in Match Group by 14.2% during the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after purchasing an additional 378 shares in the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of Match Group by 17.2% in the third quarter. Prestige Wealth Management Group LLC now owns 5,128 shares of the technology company's stock worth $194,000 after purchasing an additional 753 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Match Group in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 94.05% of the company's stock.

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Insider Buying and Selling

In related news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the transaction, the president now directly owns 1,690 shares in the company, valued at approximately $55,533.40. The trade was a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.77% of the stock is owned by company insiders.

Match Group Stock Performance

NASDAQ MTCH traded up $1.17 on Monday, hitting $31.66. The stock had a trading volume of 3,982,032 shares, compared to its average volume of 4,686,589. The firm has a 50-day moving average of $32.92 and a 200-day moving average of $33.93. The company has a market capitalization of $7.93 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $38.84.

Match Group (NASDAQ:MTCH - Get Free Report) last posted its quarterly earnings data 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%. As a group, research analysts anticipate that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to reacquire up to 19% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Thursday, April 3rd. Match Group's dividend payout ratio (DPR) is 37.62%.

Analyst Ratings Changes

MTCH has been the topic of several analyst reports. Loop Capital cut their price target on shares of Match Group from $35.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, December 12th. Evercore ISI downgraded Match Group from an "outperform" rating to an "inline" rating and set a $35.00 target price on the stock. in a research note on Thursday, February 6th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $33.00 price target (down from $40.00) on shares of Match Group in a research report on Wednesday, December 18th. Royal Bank of Canada reissued an "outperform" rating and issued a $35.00 price objective on shares of Match Group in a research report on Monday, December 9th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $32.00 target price (down from $40.00) on shares of Match Group in a research report on Tuesday, December 17th. Sixteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Match Group currently has an average rating of "Hold" and an average price target of $37.68.

Match Group Company 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.