Match Group Inc. $MTCH Stock Holdings Lessened by Empowered Funds LLC

Empowered Funds LLC reduced its holdings in Match Group Inc. (NASDAQ:MTCH) by 1.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 246,974 shares of the technology company’s stock after selling 3,557 shares during the quarter. Empowered Funds LLC’s holdings in Match Group were worth $7,706,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MTCH. Stratos Wealth Partners LTD. increased its holdings in shares of Match Group by 5.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 19,671 shares of the technology company’s stock worth $614,000 after acquiring an additional 939 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Match Group by 7.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,132 shares of the technology company’s stock worth $1,015,000 after acquiring an additional 2,429 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Match Group by 34.0% in the 1st quarter. QRG Capital Management Inc. now owns 15,897 shares of the technology company’s stock worth $496,000 after acquiring an additional 4,035 shares during the period. GAMMA Investing LLC increased its holdings in shares of Match Group by 79.2% in the 1st quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company’s stock worth $289,000 after acquiring an additional 4,090 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Match Group by 9.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 553,599 shares of the technology company’s stock worth $17,272,000 after acquiring an additional 47,137 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Match Group news, Director Ann Mcdaniel sold 5,423 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the transaction, the director directly owned 21,926 shares in the company, valued at $823,979.08. This trade represents a 19.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen Bailey sold 12,500 shares of the firm’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $36.72, for a total transaction of $459,000.00. Following the completion of the transaction, the director owned 8,058 shares of the company’s stock, valued at approximately $295,889.76. The trade was a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,454 shares of company stock worth $907,839 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on MTCH shares. JPMorgan Chase & Co. raised their target price on shares of Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Wells Fargo & Company raised their target price on shares of Match Group from $31.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, June 27th. Wall Street Zen cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th. UBS Group lifted their price objective on shares of Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Susquehanna lifted their price objective on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.44.

Match Group Price Performance

Shares of MTCH opened at $37.90 on Thursday. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20. The company has a 50-day moving average of $35.39 and a two-hundred day moving average of $32.07. The stock has a market cap of $9.12 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 0.76 and a beta of 1.36.

Match Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, October 3rd. Match Group’s dividend payout ratio (DPR) is presently 37.44%.

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.