19 hours Ago By Defense World Staff
Charles Schwab Investment Management Inc. boosted its position in shares of Match Group, Inc. (NASDAQ:MTCH – Free Report) by 2.
7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,667,907 shares of the technology company’s stock after purchasing an additional 69,947 shares during the period. Charles Schwab Investment Management Inc.
owned about 1.06% of Match Group worth $87,267,000 as of its most recent SEC filing. Several other hedge funds also recently added to or reduced their stakes in the company.
Unified Investment Management bought a new position in Match Group during the 4th quarter valued at about $872,000. SBI Securities Co. Ltd.
purchased a new stake in Match Group in the 4th quarter valued at about $116,000. Factorial Partners LLC boosted its position in Match Group by 11.1% in the 4th quarter.
Factorial Partners LLC now owns 155,000 shares of the technology company’s stock valued at $5,070,000 after buying an additional 15,500 shares during the period. Metis Global Partners LLC boosted its position in 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 buying an additional 318 shares during the period. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position in Match Group by 187.5% in the 4th quarter.
Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 5,750 shares of the technology company’s stock valued at $188,000 after buying an additional 3,750 shares during the period. 94.05% of the stock is currently owned by institutional investors.
Match Group Price PerformanceNASDAQ:MTCH opened at $32.03 on Tuesday. The firm has a market capitalization of $8.
02 billion, a P/E ratio of 15.86, a PEG ratio of 0.82 and a beta of 1.
45. Match Group, Inc. has a 1-year low of $27.
66 and a 1-year high of $38.84. The company’s fifty day moving average price is $33.
17 and its 200-day moving average price is $34.31. Match Group (NASDAQ:MTCH – Get Free Report) last released its quarterly earnings data on Tuesday, February 4th.
The technology company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.
22). Match Group had a negative return on equity of 574.22% and a net margin of 15.
84%. Equities analysts anticipate that Match Group, Inc. will post 2.
44 EPS for the current fiscal year. Match Group Dividend AnnouncementThe company also recently declared 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. The ex-dividend date is Thursday, April 3rd. This represents a $0.
76 annualized dividend and a yield of 2.37%. Match Group’s dividend payout ratio is presently 37.
62%. Match Group declared that its board has authorized a stock buyback program on Wednesday, December 11th that allows the company to repurchase $1.50 billion in outstanding shares.
This repurchase authorization allows the technology company to repurchase up to 19% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued. Analyst Ratings ChangesSeveral research firms have issued reports on MTCH.
BTIG Research cut shares of Match Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. UBS Group lowered 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. Truist Financial lowered their price objective on shares of Match Group from $35.00 to $34.
00 and set a “hold” rating for the company in a research report on Thursday, December 12th. Stifel Nicolaus lowered their price target on shares of Match Group from $36.00 to $35.
00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Finally, Hsbc Global Res cut shares of Match Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Sixteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company.
According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $37.68.
Read Our Latest Research Report on MTCHInsider Activity at Match GroupIn related news, President Gary Swidler sold 242,209 shares of the firm’s stock in a transaction on 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 sale, the president now owns 1,690 shares in the company, valued at approximately $55,533.40.
This trade represents a 99.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
0.77% of the stock is owned by company insiders. 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.Featured ArticlesFive stocks we like better than Match GroupThe 3 Best Blue-Chip Stocks to Buy NowHow to Protect Your Portfolio When Inflation Is Rising3 Ways To Invest In Coffee, Other Than Drinking It3 Tech Stocks Defying Sector Weakness and Thriving in 2025There Are Different Types of Stock To Invest InDespite Challenges Novo Nordisk Plans to Crush GLP-1 CompetitorsWant to see what other hedge funds are holding MTCH? Visit HoldingsChannel.
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