Cohen Capital Management Inc. Has $2.45 Million Stake in Match Group, Inc. (NASDAQ:MTCH)

Cohen Capital Management Inc. lessened its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 74,968 shares of the technology company’s stock after selling 1,989 shares during the period. Cohen Capital Management Inc.’s holdings in Match Group were worth $2,452,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in Match Group by 617.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after buying an additional 605 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in shares of Match Group in the third quarter worth $31,000. Northwest & Ethical Investments L.P. bought a new position in Match Group during the third quarter worth $57,000. Solstein Capital LLC acquired a new position in Match Group during the 3rd quarter valued at $87,000. Finally, Blue Trust Inc. boosted its holdings in Match Group by 1,003.4% in 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 during the period. Institutional investors own 94.05% of the company’s stock.

Analyst Upgrades and Downgrades

MTCH has been the topic of several research reports. Morgan Stanley boosted their price objective on shares of Match Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. New Street Research cut Match Group from a “buy” rating to a “neutral” rating in a report on Monday, December 16th. Susquehanna reduced their price objective on Match Group from $45.00 to $40.00 and set a “positive” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group restated a “hold” rating and set a $32.00 price objective (down from $40.00) on shares of Match Group in a research report on Tuesday, December 17th. Finally, Stifel Nicolaus reduced their target price on Match Group from $36.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday, February 6th. Sixteen research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Match Group presently has a consensus rating of “Hold” and a consensus target price of $37.68.

Match Group Trading Down 3.2 %

NASDAQ:MTCH opened at $32.77 on Friday. The stock has a market capitalization of $8.23 billion, a P/E ratio of 16.22, a price-to-earnings-growth 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 firm has a 50 day moving average of $33.35 and a 200-day moving average of $34.60.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data 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%. As a group, analysts forecast that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 19% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Match Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.32%. Match Group’s dividend payout ratio (DPR) is 37.62%.

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.