Generali Investments Towarzystwo Funduszy Inwestycyjnych Buys 3,750 Shares of Match Group, Inc. (NASDAQ:MTCH)

Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in Match Group, Inc. (NASDAQ:MTCH) by 187.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,750 shares of the technology company’s stock after acquiring an additional 3,750 shares during the quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Match Group were worth $188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of 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 during the last quarter. Itau Unibanco Holding S.A. bought a new position in Match Group in the 3rd quarter valued at approximately $31,000. Northwest & Ethical Investments L.P. bought a new position in Match Group in the 3rd quarter valued at approximately $57,000. Solstein Capital LLC bought a new position in Match Group in the 3rd quarter valued at approximately $87,000. Finally, Principal Securities Inc. raised its holdings in Match Group by 420.3% in the 4th quarter. Principal Securities Inc. now owns 3,283 shares of the technology company’s stock valued at $107,000 after buying an additional 2,652 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Trading Down 2.2 %

NASDAQ MTCH opened at $31.88 on Friday. The company has a fifty day simple moving average of $33.41 and a 200 day simple moving average of $34.53. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $38.84. The company has a market cap of $8.00 billion, a P/E ratio of 15.78, a PEG 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 (EPS) 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%. Sell-side analysts predict that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 19% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Match Group Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, April 3rd. Match Group’s dividend payout ratio (DPR) is presently 37.62%.

Wall Street Analysts Forecast Growth

MTCH has been the subject of a number of research reports. BTIG Research lowered shares of Match Group from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. 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 report on Thursday, February 6th. Susquehanna dropped their price objective on shares of Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a report on Friday, November 8th. Hsbc Global Res lowered shares of Match Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, UBS Group decreased their target price on shares of Match Group from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Sixteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Match Group currently has an average rating of “Hold” and an average price target of $37.68.

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.