Cetera Investment Advisers Has $1.51 Million Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Cetera Investment Advisers reduced its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,196 shares of the technology company's stock after selling 11,884 shares during the period. Cetera Investment Advisers' holdings in Match Group were worth $1,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its position in shares of Match Group by 94.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 59,510 shares of the technology company's stock worth $1,947,000 after purchasing an additional 28,884 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Match Group by 17.0% in the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock worth $211,818,000 after purchasing an additional 939,078 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Match Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock worth $87,267,000 after acquiring an additional 69,947 shares in the last quarter. Truist Financial Corp bought a new position in Match Group during the fourth quarter worth about $250,000. Finally, AustralianSuper Pty Ltd lifted its holdings in Match Group by 149.4% during the fourth quarter. AustralianSuper Pty Ltd now owns 733,536 shares of the technology company's stock worth $23,994,000 after acquiring an additional 439,432 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Match Group Trading Down 0.8%

Shares of NASDAQ:MTCH traded down $0.24 during trading on Monday, hitting $29.21. 3,248,511 shares of the company were exchanged, compared to its average volume of 4,919,370. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $38.84. The firm has a fifty day moving average price of $29.59 and a two-hundred day moving average price of $31.54.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is 37.62%.

Analyst Ratings Changes

MTCH has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Hsbc Global Res lowered Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. HSBC lowered Match Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on Match Group from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, Evercore ISI restated a "cautious" rating and issued a $32.00 price target on shares of Match Group in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $35.91.

Insiders Place Their Bets

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

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.