Joel Isaacson & Co. LLC Grows Holdings in Match Group Inc. (NASDAQ:MTCH)

Joel Isaacson & Co. LLC grew its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 22.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 126,648 shares of the technology company's stock after purchasing an additional 22,958 shares during the quarter. Joel Isaacson & Co. LLC owned about 0.05% of Match Group worth $3,951,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. NBC Securities Inc. bought a new stake in Match Group in the first quarter valued at about $37,000. Canada Post Corp Registered Pension Plan bought a new position in Match Group during the 4th quarter worth about $43,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in Match Group by 30,240.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock worth $50,000 after buying an additional 1,512 shares in the last quarter. Assetmark Inc. grew its position in shares of Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after acquiring an additional 378 shares during the period. Finally, CX Institutional bought a new stake in shares of Match Group in the 1st quarter valued at about $103,000. 94.05% of the stock is currently owned by institutional investors.

Match Group Stock Up 0.1%

Shares of NASDAQ MTCH traded up $0.04 during trading on Monday, reaching $30.89. The company had a trading volume of 3,362,615 shares, compared to its average volume of 4,828,082. The stock has a market cap of $7.74 billion, a P/E ratio of 15.29, a PEG ratio of 0.70 and a beta of 1.35. The company's fifty day moving average price is $30.10 and its 200-day moving average price is $31.36. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $38.84.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, July 3rd. Match Group's dividend payout ratio is presently 37.62%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen cut Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Stifel Nicolaus decreased their price objective on shares of Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Bank of America cut their target price 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. Morgan Stanley decreased 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. Finally, Evercore ISI reissued a "cautious" rating and issued a $32.00 price target on shares of Match Group in a report on Wednesday, May 21st. One equities research 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 has a consensus rating of "Hold" and an average target price of $35.96.

Insider Buying and Selling

In related news, CEO Spencer M. Rascoff acquired 70,885 shares of the company's stock in a transaction dated 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 completion of the acquisition, the chief executive officer owned 137,478 shares of the company's stock, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.