Metis Global Partners LLC Buys 318 Shares of Match Group, Inc. (NASDAQ:MTCH)

Metis Global Partners LLC grew its stake in Match Group, Inc. (NASDAQ:MTCH) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 10,956 shares of the technology company’s stock after purchasing an additional 318 shares during the quarter. Metis Global Partners LLC’s holdings in Match Group were worth $358,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in Match Group by 617.3% in the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after acquiring an additional 605 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Match Group in the third quarter worth $31,000. Northwest & Ethical Investments L.P. bought a new stake in Match Group in the third quarter worth $57,000. Principal Securities Inc. boosted its holdings in Match Group by 420.3% in 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 in the last quarter. Finally, Quarry LP boosted its holdings in Match Group by 126.3% in the third quarter. Quarry LP now owns 2,958 shares of the technology company’s stock worth $112,000 after acquiring an additional 1,651 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Match Group Stock Up 2.6 %

Shares of MTCH opened at $31.51 on Thursday. The business has a 50-day simple moving average of $33.24 and a two-hundred day simple moving average of $34.43. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 0.82 and a beta of 1.45. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $38.84.

Match Group (NASDAQ:MTCH) last issued 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 negative return on equity of 574.22% and a net margin of 15.84%. On average, equities analysts anticipate that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to reacquire up to 19% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Match Group Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, April 3rd. Match Group’s dividend payout ratio is currently 37.62%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. HSBC downgraded Match Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Loop Capital lowered their price target on Match Group from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, December 12th. Stifel Nicolaus lowered their price target on Match Group from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. Hsbc Global Res downgraded Match Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Barclays lowered their price target on Match Group from $53.00 to $52.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Sixteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Match Group has an average rating of “Hold” and an average 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.