Raymond James Financial Inc. bought a new stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 151,365 shares of the technology company's stock, valued at approximately $4,951,000. Raymond James Financial Inc. owned 0.06% of Match Group as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in MTCH. Assetmark Inc. raised its holdings in shares of 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 buying an additional 378 shares during the last quarter. Principal Securities Inc. boosted its position in Match Group by 420.3% during the 4th 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 period. SBI Securities Co. Ltd. bought a new position in shares of Match Group in the fourth quarter worth $116,000. Blue Trust Inc. increased its holdings in shares of Match Group by 96.4% during the fourth quarter. Blue Trust Inc. now owns 5,071 shares of the technology company's stock valued at $166,000 after purchasing an additional 2,489 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Match Group by 432.3% during the fourth quarter. Allworth Financial LP now owns 5,387 shares of the technology company's stock valued at $175,000 after purchasing an additional 4,375 shares in the last quarter. 94.05% of the stock is owned by institutional investors.
Insider Transactions at Match Group
In other news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.86, for a total value of $7,958,987.74. Following the sale, the president now directly owns 1,690 shares in the company, valued at approximately $55,533.40. This represents a 99.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.77% of the stock is owned by insiders.
Match Group Stock Performance
Shares of NASDAQ:MTCH traded up $0.97 during midday trading on Thursday, hitting $30.63. The company's stock had a trading volume of 1,675,374 shares, compared to its average volume of 4,921,512. Match Group, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $38.84. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.82 and a beta of 1.49. The stock's 50 day simple moving average is $30.37 and its 200 day simple moving average is $32.53.
Match Group (NASDAQ:MTCH - Get Free Report) last issued its quarterly 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, analysts anticipate that Match Group, Inc. will post 2.44 EPS for the current year.
Match Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, April 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. StockNews.com cut shares of Match Group from a "buy" rating to a "hold" rating in a report on Friday, April 25th. Bank of America lowered their price target on Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Citigroup dropped their price objective on Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. dropped their price target on shares of Match Group from $33.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Finally, Stifel Nicolaus reduced their price objective on shares of Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $36.44.
View Our Latest Research Report on MTCH
About Match Group
(
Free Report)
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.
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