180 Wealth Advisors LLC trimmed its position in Match Group, Inc. (NASDAQ:MTCH – Free Report) by 15.9% in the fourth quarter, Holdings Channel reports. The fund owned 26,967 shares of the technology company’s stock after selling 5,092 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Match Group were worth $882,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. Starboard Value LP bought a new position in Match Group during the 3rd quarter worth $361,605,000. Pacer Advisors Inc. raised its position in Match Group by 88.5% during the 2nd quarter. Pacer Advisors Inc. now owns 6,263,311 shares of the technology company’s stock worth $190,279,000 after purchasing an additional 2,940,667 shares during the last quarter. Marshall Wace LLP bought a new position in Match Group during the 2nd quarter worth $49,053,000. Retirement Systems of Alabama raised its position in Match Group by 2,732.1% during the 3rd quarter. Retirement Systems of Alabama now owns 1,659,718 shares of the technology company’s stock worth $62,804,000 after purchasing an additional 1,601,115 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Match Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock worth $69,018,000 after acquiring an additional 977,090 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.
Insider Transactions at Match Group
In other news, Director Stephen Bailey sold 801 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total value of $25,319.61. Following the transaction, the director now owns 12,398 shares in the company, valued at $391,900.78. The trade was a 6.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.77% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Match Group
Match Group Stock Performance
MTCH stock opened at $31.17 on Tuesday. Match Group, Inc. has a 52-week low of $27.66 and a 52-week high of $39.91. The business has a 50-day simple moving average of $32.30 and a two-hundred day simple moving average of $34.40. The company has a market capitalization of $7.83 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.45.
Match Group declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to reacquire up to 19% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
Match Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Monday, January 6th will be paid a $0.19 dividend. The ex-dividend date is Monday, January 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.44%. Match Group’s payout ratio is presently 33.93%.
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.
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