Match Group, Inc. (NASDAQ:MTCH) Stake Decreased by Glenview Trust co

Glenview Trust co lessened its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 34.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 42,300 shares of the technology company’s stock after selling 21,951 shares during the quarter. Glenview Trust co’s holdings in Match Group were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MTCH. Starboard Value LP bought a new stake in shares of Match Group during the third quarter valued at approximately $361,605,000. Retirement Systems of Alabama raised its holdings in shares of Match Group by 2,732.1% during the third quarter. Retirement Systems of Alabama now owns 1,659,718 shares of the technology company’s stock valued at $62,804,000 after buying an additional 1,601,115 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Match Group during the fourth quarter valued at approximately $45,768,000. Seizert Capital Partners LLC raised its holdings in shares of Match Group by 468.6% during the fourth quarter. Seizert Capital Partners LLC now owns 1,481,967 shares of the technology company’s stock valued at $48,475,000 after buying an additional 1,221,347 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Match Group by 3,325.7% during the fourth quarter. KBC Group NV now owns 1,122,906 shares of the technology company’s stock valued at $36,730,000 after buying an additional 1,090,127 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Loop Capital cut 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. Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price objective on shares of Match Group in a research note on Monday, December 9th. Evercore ISI lowered shares of Match Group from an “outperform” rating to an “inline” rating and set a $35.00 price objective on the stock. in a research note on Thursday, February 6th. Jefferies Financial Group reiterated a “hold” rating and set a $32.00 price objective (down previously from $40.00) on shares of Match Group in a research note on Tuesday, December 17th. Finally, Morgan Stanley raised their price objective on shares of Match Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.68.

Insider Buying and Selling at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of Match Group 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 completion of the sale, the president now owns 1,690 shares of the company’s stock, valued at $55,533.40. This trade represents a 99.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.77% of the company’s stock.

Match Group Stock Performance

NASDAQ MTCH opened at $30.94 on Monday. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $38.84. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.82 and a beta of 1.45. The firm’s 50 day moving average price is $33.02 and its two-hundred day moving average price is $34.13.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data 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 negative return on equity of 574.22% and a net margin of 15.84%. On average, research analysts forecast that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, April 3rd. Match Group’s dividend payout ratio (DPR) is currently 37.62%.

Match Group announced that its Board of Directors has initiated a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to buy up to 19% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.