Match Group Inc. (NASDAQ:MTCH) Shares Sold by National Bank of Canada FI

Key Points

• National Bank of Canada FI has reduced its holdings in Match Group Inc. by 16.3%, selling 19,007 shares, and now owns 97,272 shares valued at approximately $3,035,000.
• The company's quarterly dividend of $0.19 will be paid on October 17, representing a 2.0% dividend yield and a payout ratio of 37.44%.
• Wall Street analysts have mixed views on Match Group's stock, with prices targets varying from $30.00 to $45.00 and an average rating categorized mostly as "Hold".

National Bank of Canada FI trimmed its stake in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,272 shares of the technology company's stock after selling 19,007 shares during the period. National Bank of Canada FI's holdings in Match Group were worth $3,035,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. 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. increased its stake 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 worth $343,427,000 after purchasing an additional 2,042,677 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake 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 worth $165,719,000 after purchasing an additional 487,903 shares in the last quarter. First Manhattan CO. LLC. increased its stake 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 worth $113,402,000 after purchasing an additional 63,238 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Match Group by 3.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,765,162 shares of the technology company's stock worth $86,273,000 after purchasing an additional 97,255 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Match Group

In other Match Group news, Director Stephen Bailey sold 12,500 shares of the business's stock in a transaction on Thursday, August 7th. The shares were 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 in the company, valued at $295,889.76. The trade was a 60.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.64% of the company's stock.

Match Group Stock Performance

Shares of NASDAQ:MTCH traded down $0.38 during midday trading on Friday, hitting $38.28. 3,219,524 shares of the company's stock traded hands, compared to its average volume of 5,100,994. The company has a market cap of $9.59 billion, a PE ratio of 18.86, a P/E/G ratio of 0.76 and a beta of 1.36. The firm's fifty day moving average price is $33.05 and its two-hundred day moving average price is $31.67. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20.

Match Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MTCH. JPMorgan Chase & Co. raised their price objective on shares of Match Group from $28.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Evercore ISI raised their price objective on shares of Match Group from $32.00 to $38.00 and gave the stock an "in-line" rating in a research note on Wednesday, August 6th. 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 research note 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 research note on Monday, April 21st. Finally, Wall Street Zen cut shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Sixteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Match Group currently has an average rating of "Hold" and a consensus price target of $35.44.

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.