Inlight Wealth Management LLC Takes $2.47 Million Position in Match Group, Inc. (NASDAQ:MTCH)

Inlight Wealth Management LLC acquired a new stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 75,443 shares of the technology company's stock, valued at approximately $2,468,000. Match Group comprises 0.8% of Inlight Wealth Management LLC's investment portfolio, making the stock its 28th largest holding.

Several other hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. boosted its holdings in Match Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock valued at $211,818,000 after acquiring an additional 939,078 shares during the period. Invesco Ltd. lifted its holdings in shares of Match Group by 25.3% during the fourth quarter. Invesco Ltd. now owns 5,827,217 shares of the technology company's stock worth $190,608,000 after buying an additional 1,174,889 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Match Group by 110.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock worth $183,968,000 after acquiring an additional 2,952,470 shares during the period. Edmond DE Rothschild Holding S.A. raised its stake in Match Group by 11.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 5,467,257 shares of the technology company's stock valued at $178,834,000 after purchasing an additional 541,556 shares during the last quarter. Finally, Mawer Investment Management Ltd. grew its position in Match Group by 716.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock worth $171,889,000 after purchasing an additional 4,611,598 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Down 1.5 %

Match Group stock traded down $0.45 during midday trading on Wednesday, hitting $28.63. 1,070,137 shares of the stock were exchanged, compared to its average volume of 5,063,493. Match Group, Inc. has a 52 week low of $26.39 and a 52 week high of $38.84. The stock has a market capitalization of $7.17 billion, a PE ratio of 14.17, a P/E/G ratio of 0.82 and a beta of 1.49. The company has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $33.10.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings data 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, equities research analysts anticipate that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 yield of 2.65%. The ex-dividend date is Thursday, April 3rd. Match Group's payout ratio is currently 37.62%.

Insider Buying and Selling

In other Match Group news, President Gary Swidler sold 242,209 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This trade represents a 99.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.77% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MTCH. HSBC cut shares of Match Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $33.00 target price (down from $40.00) on shares of Match Group in a research note on Wednesday, December 18th. Evercore ISI downgraded shares of Match Group from an "outperform" rating to an "inline" rating and set a $35.00 price target on the stock. in a research note on Thursday, February 6th. Stifel Nicolaus dropped their price objective on shares of Match Group from $36.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 6th. Finally, Barclays lowered 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. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $37.63.

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.