Wealth Enhancement Advisory Services LLC Has $5.93 Million Holdings in Match Group Inc. $MTCH

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Match Group Inc. (NASDAQ:MTCH) by 55.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,949 shares of the technology company’s stock after buying an additional 64,414 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.08% of Match Group worth $5,931,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Bollard Group LLC boosted its stake in shares of Match Group by 0.6% during the 3rd quarter. Bollard Group LLC now owns 54,875 shares of the technology company’s stock worth $1,938,000 after acquiring an additional 317 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Match Group by 8.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock valued at $133,000 after acquiring an additional 326 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Match Group by 2.8% in the 3rd quarter. Bessemer Group Inc. now owns 12,281 shares of the technology company’s stock valued at $432,000 after acquiring an additional 333 shares in the last quarter. Everhart Financial Group Inc. lifted its holdings in Match Group by 5.5% in the 4th quarter. Everhart Financial Group Inc. now owns 9,379 shares of the technology company’s stock worth $303,000 after purchasing an additional 493 shares during the last quarter. Finally, Rossby Financial LCC boosted its position in Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock worth $31,000 after purchasing an additional 506 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. TD Cowen lowered their price target on Match Group from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. JPMorgan Chase & Co. decreased 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 reaffirmed a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th. Truist Financial lowered their target price on shares of Match Group from $35.00 to $34.00 and set a “hold” rating on the stock in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 target price on shares of Match Group in a report on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.86.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $29.74 on Monday. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $39.20. The company has a market cap of $6.92 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.48 and a beta of 1.30. The business’s 50 day moving average is $30.99 and its two-hundred day moving average is $32.55.

Match Group (NASDAQ:MTCH) last posted 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). Match Group had a net margin of 17.59% and a negative return on equity of 289.29%. The business had revenue of $878.01 million during the quarter, compared to the consensus estimate of $872.86 million. During the same period in the prior year, the company posted $0.59 earnings per share. The firm’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts expect that Match Group Inc. will post 2.44 earnings per share for the current fiscal year.

Match Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 21st. Shareholders of record on Tuesday, April 7th will be given a $0.20 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $0.80 annualized dividend and a yield of 2.7%. This is a positive change from Match Group’s previous quarterly dividend of $0.19. Match Group’s dividend payout ratio (DPR) is 31.93%.

Match Group 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.