Inlight Wealth Management LLC Sells 1,614 Shares of Match Group Inc. $MTCH

Inlight Wealth Management LLC trimmed its position in shares of Match Group Inc. (NASDAQ:MTCH) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 66,247 shares of the technology company’s stock after selling 1,614 shares during the quarter. Match Group accounts for approximately 0.5% of Inlight Wealth Management LLC’s investment portfolio, making the stock its 29th largest holding. Inlight Wealth Management LLC’s holdings in Match Group were worth $2,046,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Applied Finance Capital Management LLC boosted its holdings in shares of Match Group by 5.1% in the 1st quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company’s stock worth $215,000 after acquiring an additional 334 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Match Group by 56.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after purchasing an additional 362 shares during the last quarter. Parallel Advisors LLC boosted its stake in Match Group by 18.5% in the second quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock worth $77,000 after purchasing an additional 390 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Match Group by 14.1% during the first quarter. Assetmark Inc. now owns 3,464 shares of the technology company’s stock worth $108,000 after purchasing an additional 429 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of Match Group by 2.7% during the first quarter. Penserra Capital Management LLC now owns 17,515 shares of the technology company’s stock worth $546,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity

In other Match Group news, CAO Philip D. Eigenmann sold 6,531 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total value of $245,043.12. Following the sale, the chief accounting officer owned 23,240 shares in the company, valued at approximately $871,964.80. The trade was a 21.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen Bailey sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $36.72, for a total value of $459,000.00. Following the transaction, the director directly owned 8,058 shares of the company’s stock, valued at approximately $295,889.76. This trade represents a 60.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,454 shares of company stock worth $907,839 over the last three months. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MTCH shares. Evercore ISI lifted their price target on Match Group from $32.00 to $38.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their target price on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Susquehanna upped their target price on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a report on Saturday, September 27th. Finally, Wells Fargo & Company boosted their price objective on shares of Match Group from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, June 27th. Five analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat, Match Group presently has an average rating of “Hold” and a consensus target price of $35.44.

Match Group Stock Down 1.3%

Shares of MTCH stock opened at $34.32 on Monday. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The firm has a fifty day moving average of $36.67 and a 200-day moving average of $32.69. The company has a market capitalization of $8.26 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.68 and a beta of 1.38.

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.2%. Match Group’s dividend payout ratio (DPR) is currently 37.44%.

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.