D.A. Davidson & CO. Has $1.02 Million Stock Position in Match Group, Inc. (NASDAQ:MTCH)

D.A. Davidson & CO. reduced its position in Match Group, Inc. (NASDAQ:MTCH) by 74.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,044 shares of the technology company’s stock after selling 91,795 shares during the quarter. D.A. Davidson & CO.’s holdings in Match Group were worth $1,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in shares of Match Group by 617.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock valued at $27,000 after buying 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 approximately $31,000. Northwest & Ethical Investments L.P. bought a new stake in Match Group in the third quarter worth approximately $57,000. Solstein Capital LLC acquired a new position in shares of Match Group during the 3rd quarter worth $87,000. Finally, Blue Trust Inc. raised its holdings in shares of Match Group by 1,003.4% during the 3rd quarter. Blue Trust Inc. now owns 2,582 shares of the technology company’s stock valued at $98,000 after purchasing an additional 2,348 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Match Group Trading Down 3.2 %

Shares of NASDAQ:MTCH opened at $32.77 on Monday. The firm has a market capitalization of $8.23 billion, a PE ratio of 16.22, 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 business’s 50 day moving average is $33.35 and its 200-day moving average is $34.59.

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 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, sell-side analysts predict that Match Group, Inc. will post 2.44 EPS for the current year.

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 paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.32%. Match Group’s payout ratio is currently 37.62%.

Match Group declared that its Board of Directors has approved a share 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 buy up to 19% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have commented on MTCH. StockNews.com downgraded shares of Match Group from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada reissued an “outperform” rating and set a $35.00 price objective on shares of Match Group in a report on Monday, December 9th. HSBC downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Morgan Stanley upped their target price on Match Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, New Street Research lowered shares of Match Group from a “buy” rating to a “neutral” rating in a research report on Monday, December 16th. Sixteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.