18,469 Shares in Match Group Inc. $MTCH Bought by Caerus Investment Advisors LLC

Caerus Investment Advisors LLC bought a new stake in shares of Match Group Inc. (NASDAQ:MTCH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,469 shares of the technology company’s stock, valued at approximately $652,000.

Other hedge funds have also bought and sold shares of the company. Fieldview Capital Management LLC bought a new position in shares of Match Group in the third quarter worth about $1,803,000. CWM LLC grew its stake in shares of Match Group by 3,228.4% during the 3rd quarter. CWM LLC now owns 266,406 shares of the technology company’s stock valued at $9,409,000 after acquiring an additional 258,402 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Match Group by 611.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 116,535 shares of the technology company’s stock worth $3,857,000 after acquiring an additional 100,163 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Match Group by 71.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 31,228 shares of the technology company’s stock worth $965,000 after acquiring an additional 12,987 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Match Group during the 3rd quarter worth approximately $1,863,000. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $37.00 price target on shares of Match Group in a report on Wednesday, December 10th. TD Cowen decreased their price objective on shares of Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Morgan Stanley set a $35.00 target price on shares of Match Group in a research note on Wednesday, February 4th. Raymond James Financial reaffirmed a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th. Finally, Wall Street Zen raised Match Group from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $35.86.

Match Group Trading Up 2.6%

Shares of MTCH stock opened at $31.07 on Wednesday. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.49 and a beta of 1.30. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The stock’s 50-day moving average price is $31.20 and its 200-day moving average price is $32.95.

Match Group (NASDAQ:MTCH) last released its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.17). Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The firm had revenue of $878.01 million for the quarter, compared to analysts’ expectations of $872.86 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, research analysts predict that Match Group Inc. will post 2.44 EPS for the current fiscal year.

Match Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Match Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 7th. Match Group’s payout ratio is 31.93%.

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.