Match Group Inc. (NASDAQ:MTCH) Stock Holdings Trimmed by Clark Estates Inc. NY

Key Points

• Clark Estates Inc. NY reduced its stake in Match Group Inc. by 20.1%, owning 64,800 shares valued at $2.02 million after selling 16,276 shares in the first quarter.
• Analysts have mixed ratings on Match Group, with Barclays lowering their price target from $52.00 to $46.00 while maintaining an "overweight" rating, and several others setting price targets between $29.00 and $36.16.
• Match Group's recent quarterly dividend was $0.19 per share, resulting in an annualized yield of 2.23%, with a payout ratio of 37.62%.

Clark Estates Inc. NY cut its position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 20.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,800 shares of the technology company's stock after selling 16,276 shares during the quarter. Clark Estates Inc. NY's holdings in Match Group were worth $2,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Starboard Value LP increased its position 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 purchasing an additional 5,100,824 shares in the last quarter. Norges Bank purchased a new stake in Match Group during the 4th quarter worth $112,176,000. Ameriprise Financial Inc. increased its holdings 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 valued at $343,427,000 after purchasing an additional 2,042,677 shares in the last quarter. Wolf Hill Capital Management LP purchased a new position in Match Group in the fourth quarter valued at about $44,514,000. Finally, Groupama Asset Managment purchased a new position in Match Group in the fourth quarter valued at about $41,663,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Match Group

In other news, CEO Spencer M. Rascoff acquired 70,885 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were acquired 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 directly owned 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company's stock.

Match Group Stock Performance

Shares of Match Group stock traded down $0.67 on Friday, reaching $33.60. 6,389,421 shares of the company were exchanged, compared to its average volume of 3,513,019. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 0.76 and a beta of 1.36. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $38.77. The company's 50-day moving average is $31.77 and its two-hundred day moving average is $31.46.

Match Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Analyst Upgrades and Downgrades

MTCH has been the subject of a number of recent research reports. Barclays lowered their target price on Match Group from $52.00 to $46.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. JPMorgan Chase & Co. lowered their price target on shares of Match Group from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday, May 9th. UBS Group lifted their target price on Match Group from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Stifel Nicolaus reduced their price target on Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Match Group presently has an average rating of "Hold" and a consensus target price of $36.06.

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.