21,802 Shares in Match Group, Inc. (NASDAQ:MTCH) Bought by Secured Retirement Advisors LLC

Secured Retirement Advisors 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 filing with the Securities and Exchange Commission. The firm purchased 21,802 shares of the technology company's stock, valued at approximately $713,000.

A number of other hedge funds have also added to or reduced their stakes in MTCH. Allworth Financial LP lifted its holdings in shares of Match Group by 432.3% in the fourth quarter. Allworth Financial LP now owns 5,387 shares of the technology company's stock worth $175,000 after acquiring an additional 4,375 shares during the last quarter. Principal Securities Inc. boosted its position in Match Group by 420.3% in the fourth 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 in the last quarter. Blue Trust Inc. grew its stake in shares of Match Group by 113.2% during the fourth quarter. Blue Trust Inc. now owns 5,504 shares of the technology company's stock worth $180,000 after buying an additional 2,922 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Match Group by 149.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 733,536 shares of the technology company's stock worth $23,994,000 after buying an additional 439,432 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new position in shares of Match Group during the fourth quarter worth $2,070,000. 94.05% of the stock is owned by institutional investors.

Insider Transactions at Match Group

In other news, Director Stephen Bailey sold 801 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the sale, the director now owns 12,398 shares in the company, valued at $391,900.78. This represents a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.77% of the company's stock.

Match Group Stock Performance

Shares of NASDAQ MTCH traded down $0.76 during midday trading on Wednesday, hitting $34.47. 5,878,488 shares of the stock traded hands, compared to its average volume of 4,523,718. Match Group, Inc. has a one year low of $27.66 and a one year high of $38.84. The business has a 50 day moving average price of $33.20 and a two-hundred day moving average price of $34.63. The company has a market cap of $8.66 billion, a PE ratio of 17.06, a P/E/G ratio of 0.84 and a beta of 1.45.

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

Match Group declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 19% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Match Group Announces Dividend

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 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 yield of 2.20%. Match Group's dividend payout ratio (DPR) is currently 37.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Evercore ISI lowered Match Group from an "outperform" rating to an "inline" rating and set a $35.00 price objective on the stock. in a research report on Thursday, February 6th. Piper Sandler reiterated an "overweight" rating and issued a $40.00 price objective on shares of Match Group in a report on Thursday, December 12th. UBS Group reduced their target price on shares of Match Group from $38.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $33.00 price target (down previously from $40.00) on shares of Match Group in a research note on Wednesday, December 18th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $35.00 price objective on shares of Match Group in a research note on Monday, December 9th. Sixteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $37.68.

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.