Match Group Inc. $MTCH Stock Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in shares of Match Group Inc. (NASDAQ:MTCH) by 19.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,938 shares of the technology company’s stock after selling 19,165 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Match Group were worth $3,089,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Match Group by 1.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 192,919 shares of the technology company’s stock worth $7,746,000 after purchasing an additional 3,028 shares in the last quarter. 55 North Private Wealth LLC grew its position in Match Group by 10.7% in the 3rd quarter. 55 North Private Wealth LLC now owns 6,299 shares of the technology company’s stock valued at $253,000 after purchasing an additional 607 shares during the period. IFP Advisors Inc increased its stake in Match Group by 76.7% during the 3rd quarter. IFP Advisors Inc now owns 6,905 shares of the technology company’s stock valued at $277,000 after purchasing an additional 2,997 shares in the last quarter. WealthPlan Investment Management LLC bought a new stake in Match Group during the 3rd quarter valued at $211,000. Finally, RHS Financial LLC bought a new stake in Match Group during the 3rd quarter valued at $356,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Glenn Schiffman bought 3,000 shares of Match Group stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of $36.63 per share, for a total transaction of $109,890.00. Following the purchase, the director directly owned 56,370 shares in the company, valued at $2,064,833.10. The trade was a 5.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Stephen Bailey sold 4,760 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $42.26, for a total transaction of $201,157.60. Following the completion of the sale, the director owned 11,742 shares of the company’s stock, valued at approximately $496,216.92. The trade was a 28.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 23,291 shares of company stock valued at $976,478 in the last 90 days. Insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Match Group from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Truist Financial lifted their price objective on shares of Match Group from $37.00 to $41.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on shares of Match Group in a research report on Monday, August 24th. They set a “neutral” rating and a $43.00 target price for the company. Morgan Stanley set a $40.00 target price on shares of Match Group in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company upped their target price on shares of Match Group from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.85.

Match Group Stock Down 0.4%

MTCH stock opened at $45.73 on Friday. Match Group Inc. has a twelve month low of $28.81 and a twelve month high of $46.67. The stock’s 50 day moving average is $41.91 and its 200-day moving average is $38.43. The firm has a market capitalization of $10.50 billion, a PE ratio of 16.16, a P/E/G ratio of 0.68 and a beta of 1.43.

Match Group (NASDAQ:MTCH) last announced its earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. Match Group had a negative return on equity of 324.82% and a net margin of 20.17%. The company had revenue of $853.11 million for the quarter, compared to analysts’ expectations of $857.77 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Match Group’s quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Match Group Inc. will post 3.31 earnings per share for the current fiscal year.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Monday, October 5th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, October 5th. This represents a $0.80 annualized dividend and a yield of 1.7%. Match Group’s dividend payout ratio (DPR) is 28.27%.

Match Group Company Profile

Match Group, Inc is a global provider of online dating and social discovery services. The company operates a portfolio of dating applications and websites designed to help people form relationships, including Tinder, Hinge, Match, Meetic, OkCupid, Plenty of Fish, BLK, Chispa and The League.

Its platforms serve users across a broad range of geographies and relationship preferences. Match Group generates revenue primarily through paid subscriptions, premium features, à la carte purchases and advertising.