146,265 Shares in Match Group, Inc. (NASDAQ:MTCH) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in Match Group, Inc. (NASDAQ:MTCH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 146,265 shares of the technology company's stock, valued at approximately $4,784,000. New Age Alpha Advisors LLC owned about 0.06% of Match Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Metis Global Partners LLC raised its stake in shares of Match Group by 3.0% in the 4th quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock valued at $358,000 after acquiring an additional 318 shares in the last quarter. Cornerstone Investment Partners LLC grew its holdings in Match Group by 2.2% during the fourth quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock valued at $520,000 after purchasing an additional 349 shares during the last quarter. Assetmark Inc. grew its holdings in Match Group by 14.2% during the fourth 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. TD Private Client Wealth LLC lifted its stake in shares of Match Group by 10.1% in the fourth quarter. TD Private Client Wealth LLC now owns 7,172 shares of the technology company's stock worth $235,000 after buying an additional 657 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its holdings in shares of Match Group by 12.8% during the 4th quarter. Prestige Wealth Management Group LLC now owns 5,785 shares of the technology company's stock worth $189,000 after buying an additional 657 shares during the period. Institutional investors own 94.05% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on MTCH shares. New Street Research downgraded shares of Match Group from a "buy" rating to a "neutral" rating in a report on Monday, December 16th. Morgan Stanley increased their target price on Match Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Loop Capital dropped their price target on Match Group from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Thursday, December 12th. Hsbc Global Res downgraded shares of Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, Evercore ISI cut shares of Match Group from an "outperform" rating to an "inline" rating and set a $35.00 target price for the company. in a research note on Thursday, February 6th. Sixteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average 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 on Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.77% of the stock is owned by insiders.

Match Group Trading Up 0.2 %

NASDAQ MTCH traded up $0.07 during trading hours on Wednesday, reaching $31.48. 806,557 shares of the company's stock were exchanged, compared to its average volume of 4,966,777. The firm has a fifty day moving average of $32.80 and a 200-day moving average of $33.72. Match Group, Inc. has a one year low of $27.66 and a one year high of $38.84. The stock has a market cap of $7.88 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.82 and a beta of 1.49.

Match Group (NASDAQ:MTCH - Get Free Report) last announced 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 negative return on equity of 574.22% and a net margin of 15.84%. As a group, research analysts forecast that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.41%. Match Group's payout ratio is 37.62%.

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