Nissay Asset Management Corp Japan ADV Sells 717 Shares of Match Group, Inc. (NASDAQ:MTCH)

Nissay Asset Management Corp Japan ADV reduced its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 29,928 shares of the technology company’s stock after selling 717 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Match Group were worth $993,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MTCH. Empirical Asset Management LLC bought a new stake in shares of Match Group during the 4th quarter worth $240,000. Merit Financial Group LLC bought a new stake in shares of Match Group during the 4th quarter worth $227,000. Integrated Investment Consultants LLC bought a new stake in shares of Match Group during the 4th quarter worth $359,000. Penn Davis Mcfarland Inc. lifted its position in shares of Match Group by 1.8% during the 4th quarter. Penn Davis Mcfarland Inc. now owns 478,913 shares of the technology company’s stock worth $15,665,000 after buying an additional 8,414 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Match Group by 94.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company’s stock valued at $1,947,000 after purchasing an additional 28,884 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on MTCH. Bank of America dropped their target price on Match Group from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Barclays dropped their target price on Match Group from $52.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, May 9th. Stifel Nicolaus dropped their target price on Match Group from $35.00 to $29.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on Match Group from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 9th. Finally, Evercore ISI dropped their target price on Match Group from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Monday, May 12th. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.91.

Match Group Price Performance

NASDAQ MTCH opened at $29.25 on Monday. The business has a 50 day simple moving average of $29.77 and a 200 day simple moving average of $31.77. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84. The stock has a market capitalization of $7.33 billion, a P/E ratio of 14.48, a P/E/G ratio of 0.82 and a beta of 1.42.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.76 annualized dividend and a yield of 2.60%. Match Group’s dividend payout ratio is currently 37.62%.

Insider Buying and Selling

In other news, CEO Spencer M. Rascoff purchased 70,885 shares of the business’s stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $28.05 per share, for a total transaction of $1,988,324.25. Following the completion of the acquisition, the chief executive officer now owns 137,478 shares in the company, valued at approximately $3,856,257.90. The trade was a 106.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Gary Swidler sold 242,209 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.86, for a total value of $7,958,987.74. Following the completion of the transaction, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. The trade was a 99.31% decrease in their position. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.

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.