Cetera Investment Advisers Decreases Holdings in Match Group Inc. (NASDAQ:MTCH)

Cetera Investment Advisers lowered its position in Match Group Inc. (NASDAQ:MTCH - Free Report) by 29.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 32,764 shares of the technology company's stock after selling 13,432 shares during the period. Cetera Investment Advisers' holdings in Match Group were worth $1,022,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Starboard Value LP lifted its position in shares of Match Group by 53.4% during the 4th quarter. Starboard Value LP now owns 14,656,970 shares of the technology company's stock valued at $479,429,000 after acquiring an additional 5,100,824 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Match Group by 24.2% during the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock valued at $343,427,000 after acquiring an additional 2,042,677 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of Match Group by 10.7% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,066,321 shares of the technology company's stock valued at $165,719,000 after acquiring an additional 487,903 shares during the period. First Manhattan CO. LLC. lifted its position in shares of Match Group by 1.9% during the 4th quarter. First Manhattan CO. LLC. now owns 3,466,894 shares of the technology company's stock valued at $113,402,000 after acquiring an additional 63,238 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Match Group by 13.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,662,515 shares of the technology company's stock valued at $87,092,000 after acquiring an additional 324,813 shares during the period. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Susquehanna boosted their target price on shares of Match Group from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. Citigroup decreased their price target on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. UBS Group boosted their price target on shares of Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Finally, Evercore ISI boosted their price target on shares of Match Group from $32.00 to $38.00 and gave the company an "in-line" rating in a research note on Wednesday, August 6th. Sixteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Match Group has a consensus rating of "Hold" and an average target price of $35.44.

Match Group Stock Performance

Match Group stock traded down $0.38 during mid-day trading on Friday, hitting $38.28. 3,219,524 shares of the company traded hands, compared to its average volume of 5,100,994. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.36. The stock has a fifty day moving average price of $33.05 and a 200-day moving average price of $31.67.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 3rd. Match Group's dividend payout ratio is currently 37.44%.

Insider Buying and Selling

In related news, Director Stephen Bailey sold 12,500 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $36.72, for a total value of $459,000.00. Following the transaction, the director owned 8,058 shares of the company's stock, valued at $295,889.76. This represents a 60.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by corporate 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.