Marathon Trading Investment Management LLC Takes $670,000 Position in Match Group, Inc. (NASDAQ:MTCH)

Marathon Trading Investment Management LLC purchased a new position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,472 shares of the technology company's stock, valued at approximately $670,000.

A number of other institutional investors and hedge funds have also modified their holdings of MTCH. Starboard Value LP purchased a new stake in shares of Match Group in the third quarter valued at about $361,605,000. Versor Investments LP lifted its stake in Match Group by 301.7% in the 3rd quarter. Versor Investments LP now owns 48,200 shares of the technology company's stock valued at $1,824,000 after buying an additional 36,200 shares in the last quarter. Paloma Partners Management Co increased its position in Match Group by 510.3% during the third quarter. Paloma Partners Management Co now owns 65,086 shares of the technology company's stock worth $2,463,000 after buying an additional 54,422 shares in the last quarter. Aviance Capital Partners LLC acquired a new position in shares of Match Group in the third quarter worth $2,170,000. Finally, Mawer Investment Management Ltd. increased its position in Match Group by 71.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 643,335 shares of the technology company's stock worth $24,344,000 after purchasing an additional 267,890 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Match Group Stock Down 1.6 %

Match Group stock traded down $0.52 during midday trading on Wednesday, hitting $30.84. The company's stock had a trading volume of 1,412,613 shares, compared to its average volume of 4,988,167. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $38.84. The stock's 50-day moving average price is $33.14 and its 200-day moving average price is $34.27. The company has a market capitalization of $7.72 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 0.82 and a beta of 1.45.

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

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be paid 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 dividend yield of 2.46%. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Match Group announced that its Board of Directors has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to purchase up to 19% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MTCH. Loop Capital decreased their target price on Match Group from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Thursday, December 12th. UBS Group decreased their price objective on shares of Match Group from $38.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, December 12th. KeyCorp dropped their target price on Match Group from $45.00 to $43.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 12th. Hsbc Global Res lowered Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, StockNews.com lowered Match Group from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Sixteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Match Group presently has a consensus rating of "Hold" and a consensus price target of $37.68.

Insider Activity

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

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.