Match Group, Inc. (NASDAQ:MTCH) Stock Position Lifted by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. grew its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 17.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,862 shares of the technology company's stock after purchasing an additional 10,091 shares during the quarter. Match Group comprises approximately 1.2% of Intrepid Capital Management Inc.'s portfolio, making the stock its 24th largest holding. Intrepid Capital Management Inc.'s holdings in Match Group were worth $2,252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Itau Unibanco Holding S.A. acquired a new position in shares of Match Group during the 3rd quarter valued at about $31,000. Quarry LP raised its stake in Match Group by 126.3% during the third quarter. Quarry LP now owns 2,958 shares of the technology company's stock worth $112,000 after purchasing an additional 1,651 shares during the period. Assetmark Inc. boosted its holdings in Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after purchasing an additional 378 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Match Group by 420.3% in the 4th quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock valued at $107,000 after buying an additional 2,652 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Match Group during the 4th quarter worth approximately $116,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several brokerages have weighed in on MTCH. Wells Fargo & Company lowered their target price on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a research note on Thursday, December 12th. Jefferies Financial Group reaffirmed a "hold" rating and set a $32.00 price objective (down previously from $40.00) on shares of Match Group in a research report on Tuesday, December 17th. Hsbc Global Res lowered Match Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Truist Financial lowered their price target 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. Finally, Bank of America lifted their price objective on Match Group from $35.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Sixteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $37.68.

Insider Buying and Selling at Match Group

In related news, President Gary Swidler sold 242,209 shares of Match Group 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 sale, the president now 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is currently owned by corporate insiders.

Match Group Stock Down 4.1 %

Shares of NASDAQ MTCH traded down $1.29 during trading on Thursday, reaching $30.18. 7,911,671 shares of the stock were exchanged, compared to its average volume of 4,911,685. The business's 50-day moving average price is $32.71 and its 200 day moving average price is $33.68. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49. Match Group, Inc. has a twelve month low of $27.66 and a twelve month 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 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, sell-side analysts expect that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.52%. Match Group's dividend payout ratio is presently 37.62%.

Match Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to purchase up to 19% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are 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.