Match Group, Inc. (NASDAQ:MTCH) Shares Bought by TD Private Client Wealth LLC

TD Private Client Wealth LLC lifted its position in shares of Match Group, Inc. (NASDAQ:MTCH) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,172 shares of the technology company’s stock after acquiring an additional 657 shares during the quarter. TD Private Client Wealth LLC’s holdings in Match Group were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MTCH. Itau Unibanco Holding S.A. purchased a new stake in Match Group during the third quarter worth $31,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of Match Group in the 3rd quarter worth about $57,000. Quarry LP grew its stake in Match Group by 126.3% in the 3rd quarter. Quarry LP now owns 2,958 shares of the technology company’s stock valued at $112,000 after acquiring an additional 1,651 shares during the last quarter. Assetmark Inc. increased its holdings in Match Group by 14.2% during the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock valued at $99,000 after acquiring an additional 378 shares in the last quarter. Finally, Principal Securities Inc. raised its position in Match Group by 420.3% during the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company’s stock worth $107,000 after acquiring an additional 2,652 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Up 3.8 %

NASDAQ:MTCH opened at $31.66 on Tuesday. The company has a market cap of $7.93 billion, a PE ratio of 15.67, a P/E/G ratio of 0.82 and a beta of 1.45. The business’s 50 day moving average is $32.93 and its two-hundred day moving average is $33.89. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $38.84.

Match Group (NASDAQ:MTCH) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 earnings per share (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, sell-side analysts expect that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group declared that its board has approved a stock repurchase program on Wednesday, December 11th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to buy up to 19% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, April 3rd. Match Group’s dividend payout ratio is presently 37.62%.

Insider Buying and Selling

In related 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 completion of the transaction, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This represents a 99.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MTCH. Bank of America raised their price objective on shares of Match Group from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Hsbc Global Res downgraded Match Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI downgraded Match Group from an “outperform” rating to an “inline” rating and set a $35.00 price target for the company. in a research report on Thursday, February 6th. Loop Capital dropped their price objective on shares of Match Group from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, December 12th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $32.00 price objective (down from $40.00) on shares of Match Group in a research report on Tuesday, December 17th. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $37.68.

About Match Group

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.