Generali Investments CEE investicni spolecnost a.s. Acquires New Shares in Match Group, Inc. (NASDAQ:MTCH)

Generali Investments CEE investicni spolecnost a.s. bought a new stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the technology company's stock, valued at approximately $327,000.

Several other large investors have also modified their holdings of MTCH. Venturi Wealth Management LLC grew its holdings in Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company's stock valued at $27,000 after buying an additional 605 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Match Group in the 3rd quarter valued at about $31,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of Match Group during the 3rd quarter worth about $57,000. Assetmark Inc. grew its holdings in shares of Match Group by 14.2% during the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after buying an additional 378 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of Match Group by 420.3% during the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock worth $107,000 after buying an additional 2,652 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

MTCH has been the subject of several analyst reports. Truist Financial cut their price target on Match Group from $35.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, December 12th. Hsbc Global Res cut shares of Match Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Stifel Nicolaus decreased their price target on shares of Match Group from $36.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 6th. Barclays decreased their target price on Match Group from $53.00 to $52.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, Bank of America lifted their price target on shares of Match Group from $35.00 to $36.00 and gave the company a "neutral" rating 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $37.68.

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Insider Activity at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.86, for a total value of $7,958,987.74. Following the transaction, the president now owns 1,690 shares of the company's stock, valued at approximately $55,533.40. This represents a 99.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.77% of the company's stock.

Match Group Stock Performance

Shares of MTCH stock traded down $0.33 during trading hours on Tuesday, hitting $31.70. 2,023,374 shares of the company were exchanged, compared to its average volume of 5,013,193. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 15.72, a P/E/G ratio of 0.82 and a beta of 1.45. Match Group, Inc. has a one year low of $27.66 and a one year high of $38.84. The business's 50-day simple moving average is $33.17 and its two-hundred day simple moving average is $34.31.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its earnings results on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing analysts' consensus estimates 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, analysts anticipate that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group's dividend payout ratio is presently 37.62%.

Match Group announced that its board has initiated a share buyback plan on Wednesday, December 11th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 19% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.