Match Group Inc. $MTCH Stock Holdings Boosted by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. increased its position in Match Group Inc. (NASDAQ:MTCH) by 9.0% during the fourth quarter, Holdings Channel reports. The fund owned 525,373 shares of the technology company’s stock after purchasing an additional 43,313 shares during the quarter. Match Group comprises approximately 1.6% of Penn Davis Mcfarland Inc.’s investment portfolio, making the stock its 21st largest position. Penn Davis Mcfarland Inc.’s holdings in Match Group were worth $16,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fieldview Capital Management LLC bought a new stake in Match Group during the 3rd quarter valued at $1,803,000. CWM LLC grew its stake in shares of Match Group by 3,228.4% in the third quarter. CWM LLC now owns 266,406 shares of the technology company’s stock worth $9,409,000 after purchasing an additional 258,402 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Match Group by 611.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 116,535 shares of the technology company’s stock valued at $3,857,000 after purchasing an additional 100,163 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of Match Group during the third quarter valued at $1,863,000. Finally, GSA Capital Partners LLP raised its stake in shares of Match Group by 327.7% during the third quarter. GSA Capital Partners LLP now owns 50,252 shares of the technology company’s stock valued at $1,775,000 after purchasing an additional 38,502 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Performance

NASDAQ MTCH opened at $31.14 on Thursday. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $39.20. The business’s fifty day moving average is $30.97 and its two-hundred day moving average is $32.44. The stock has a market capitalization of $7.24 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.50 and a beta of 1.30.

Match Group (NASDAQ:MTCH) last released its quarterly earnings data 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). The company had revenue of $878.01 million for the quarter, compared to the consensus estimate of $872.86 million. Match Group had a negative return on equity of 289.29% and a net margin of 17.59%.The business’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 earnings per share. On average, research analysts forecast that Match Group Inc. will post 2.44 earnings per share for the current year.

Match Group Increases Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on MTCH shares. JPMorgan Chase & Co. reduced their price objective on shares of Match Group from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Raymond James Financial restated a “market perform” rating on shares of Match Group in a research report on Wednesday, December 10th. UBS Group reaffirmed a “neutral” rating on shares of Match Group in a research note on Friday, March 13th. TD Cowen decreased their price objective on shares of Match Group from $40.00 to $37.00 and set a “buy” rating for the company in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $37.00 price objective on shares of Match Group in a research note on Wednesday, December 10th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.86.

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.