Hillsdale Investment Management Inc. Buys 900 Shares of Match Group, Inc. (NASDAQ:MTCH)

Hillsdale Investment Management Inc. lifted its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,650 shares of the technology company’s stock after purchasing an additional 900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Match Group were worth $708,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Match Group by 2.3% during the third quarter. State Street Corp now owns 17,672,611 shares of the technology company’s stock worth $668,732,000 after purchasing an additional 391,977 shares during the period. Starboard Value LP bought a new position in shares of Match Group during the third quarter worth approximately $361,605,000. Pacer Advisors Inc. increased its holdings in shares of Match Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company’s stock worth $211,818,000 after purchasing an additional 939,078 shares during the period. FMR LLC increased its holdings in shares of Match Group by 10.4% during the third quarter. FMR LLC now owns 5,540,916 shares of the technology company’s stock worth $209,668,000 after purchasing an additional 524,144 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Match Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company’s stock worth $87,267,000 after purchasing an additional 69,947 shares during the period. 94.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MTCH. New Street Research cut shares of Match Group from a “buy” rating to a “neutral” rating in a report on Monday, December 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price target on shares of Match Group in a research report on Monday, December 9th. UBS Group reduced their price target on shares of Match Group from $38.00 to $34.00 and set a “neutral” rating on the stock in a research report on Thursday, December 12th. Hsbc Global Res lowered shares of Match Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, BTIG Research lowered shares of Match Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Sixteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Match Group has an average rating of “Hold” and a consensus price target of $37.68.

Insider Buying and Selling at Match Group

In other news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction dated 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 completion of the transaction, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This trade represents a 99.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.77% of the company’s stock.

Match Group Stock Down 2.3 %

Shares of NASDAQ MTCH opened at $30.49 on Monday. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $38.84. The firm has a fifty day simple moving average of $32.92 and a 200 day simple moving average of $33.93. The company has a market capitalization of $7.64 billion, a PE ratio of 15.09, a P/E/G ratio of 0.82 and a beta of 1.45.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share for the quarter, missing the consensus estimate 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 analysts expect that Match Group, Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Dividend Announcement

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 $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, April 3rd. Match Group’s dividend payout ratio (DPR) is currently 37.62%.

Match Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the technology company to repurchase up to 19% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Match Group Company 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.