Wick Capital Partners LLC Purchases Shares of 15,155 Match Group Inc. $MTCH

Wick Capital Partners LLC acquired a new stake in shares of Match Group Inc. (NASDAQ:MTCH) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 15,155 shares of the technology company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MTCH. Invesco Ltd. boosted its holdings in Match Group by 9.8% in the fourth quarter. Invesco Ltd. now owns 9,799,389 shares of the technology company’s stock valued at $316,422,000 after acquiring an additional 872,524 shares during the last quarter. Corient Private Wealth LLC grew its position in Match Group by 133.8% during the fourth quarter. Corient Private Wealth LLC now owns 66,319 shares of the technology company’s stock valued at $2,141,000 after acquiring an additional 37,957 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Match Group by 43.6% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 156,038 shares of the technology company’s stock worth $5,038,000 after acquiring an additional 47,353 shares during the last quarter. Vident Advisory LLC increased its stake in Match Group by 5.0% during the fourth quarter. Vident Advisory LLC now owns 23,584 shares of the technology company’s stock worth $762,000 after acquiring an additional 1,117 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in Match Group during the fourth quarter worth about $342,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $35.94, for a total value of $184,767.54. Following the completion of the transaction, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. This represents a 24.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.71% of the company’s stock.

Match Group Stock Performance

MTCH stock opened at $35.45 on Friday. The firm has a market cap of $8.27 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.56 and a beta of 1.33. Match Group Inc. has a 1 year low of $28.81 and a 1 year high of $39.20. The stock has a 50-day simple moving average of $35.50 and a 200-day simple moving average of $33.03.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The firm had revenue of $863.93 million for the quarter, compared to analyst estimates of $854.70 million. Match Group had a negative return on equity of 307.45% and a net margin of 18.83%.Match Group’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. On average, equities research analysts predict that Match Group Inc. will post 3.11 EPS for the current year.

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, July 7th. Match Group’s payout ratio is presently 30.53%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays lifted their price objective on Match Group from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of Match Group from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Truist Financial set a $37.00 price target on shares of Match Group in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $43.00 price objective on shares of Match Group in a research note on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Match Group has a consensus rating of “Hold” and a consensus price target of $41.07.

Key Match Group News

Here are the key news stories impacting Match Group this week:

• Neutral Sentiment: At Match Group’s June 16 annual meeting, shareholders elected four directors and approved incentive proposals, but rejected the executive pay package, highlighting ongoing investor focus on governance and compensation. Match Group shareholders reject executive pay, approve incentives
• Neutral Sentiment: A MarketWatch note said Match Group stock underperformed Wednesday versus competitors, reinforcing the idea that investors are cautious about the name relative to peers. Match Group Inc. stock underperforms Wednesday when compared to competitors
• Neutral Sentiment: GuruFocus also noted the shares fell 3.4% in the latest session and described the stock as potentially undervalued, which may attract value-oriented buyers but does not by itself change the near-term story. Match Group Inc (MTCH) Stock Down 3.4% — Now Undervalued? GF Score: 82/100

Match Group Company Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.