Cerity Partners LLC Cuts Stock Holdings in Match Group Inc. (NASDAQ:MTCH)

Cerity Partners LLC lessened its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 49.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,532 shares of the technology company's stock after selling 32,503 shares during the quarter. Cerity Partners LLC's holdings in Match Group were worth $1,046,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MTCH. Raymond James Financial Inc. bought a new position in shares of Match Group in the fourth quarter worth about $4,951,000. Commonwealth Equity Services LLC boosted its stake in shares of Match Group by 133.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 36,183 shares of the technology company's stock valued at $1,184,000 after purchasing an additional 20,713 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Match Group by 10.1% in the 4th quarter. TD Private Client Wealth LLC now owns 7,172 shares of the technology company's stock valued at $235,000 after purchasing an additional 657 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Match Group in the 4th quarter valued at approximately $2,515,000. Finally, Prestige Wealth Management Group LLC boosted its stake in shares of Match Group by 12.8% in the 4th quarter. Prestige Wealth Management Group LLC now owns 5,785 shares of the technology company's stock valued at $189,000 after purchasing an additional 657 shares in the last quarter. Institutional investors own 94.05% of the company's stock.

Match Group Stock Up 1.4%

NASDAQ:MTCH traded up $0.48 during trading hours on Friday, hitting $34.56. 3,734,251 shares of the company traded hands, compared to its average volume of 3,528,715. The company has a market cap of $8.65 billion, a PE ratio of 17.11, a PEG ratio of 0.76 and a beta of 1.34. Match Group Inc. has a one year low of $26.39 and a one year high of $38.84. The firm's 50-day simple moving average is $31.39 and its 200-day simple moving average is $31.38.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.20%. The ex-dividend date was Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is currently 37.62%.

Insiders Place Their Bets

In other news, CEO Spencer M. Rascoff acquired 70,885 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the acquisition, the chief executive officer owned 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.64% of the company's stock.

Analyst Ratings Changes

MTCH has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price target 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. Morgan Stanley reduced their price target on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Citigroup dropped their price objective on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Bank of America dropped their price objective on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $36.16.

About Match Group

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.