Match Group, Inc. (NASDAQ:MTCH) Shares Sold by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,869 shares of the technology company's stock after selling 18,098 shares during the period. 180 Wealth Advisors LLC's holdings in Match Group were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Starboard Value LP increased its stake in Match Group by 53.4% during the 4th quarter. Starboard Value LP now owns 14,656,970 shares of the technology company's stock worth $479,429,000 after buying an additional 5,100,824 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in Match Group by 716.8% during the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock worth $171,889,000 after purchasing an additional 4,611,598 shares during the last quarter. Norges Bank purchased a new position in shares of Match Group in the fourth quarter worth about $112,176,000. Arrowstreet Capital Limited Partnership grew its stake in Match Group by 110.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock valued at $183,968,000 after acquiring an additional 2,952,470 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Match Group by 24.2% in the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock worth $343,427,000 after purchasing an additional 2,042,677 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTCH. 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 report on Wednesday, April 23rd. Bank of America dropped their price target on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Evercore ISI reiterated a "cautious" rating and issued a $32.00 price objective on shares of Match Group in a report on Wednesday, May 21st. Morgan Stanley reduced their target price on Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Finally, Barclays cut their price objective 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. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $35.91.

Match Group Stock Performance

Shares of NASDAQ:MTCH traded up $0.46 during trading hours on Thursday, reaching $31.50. The stock had a trading volume of 3,746,975 shares, compared to its average volume of 4,879,788. The stock has a market capitalization of $7.89 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 0.82 and a beta of 1.42. The firm's 50 day moving average is $29.46 and its 200-day moving average is $31.50. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is 37.62%.

Insider Transactions at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the transaction, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This represents a 99.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Spencer M. Rascoff purchased 70,885 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $28.05 per share, for a total transaction of $1,988,324.25. Following the purchase, the chief executive officer now directly owns 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.64% of the company's stock.

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.