Nisa Investment Advisors LLC Grows Position in Match Group Inc. (NASDAQ:MTCH)

Nisa Investment Advisors LLC grew its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 16.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,003 shares of the technology company's stock after purchasing an additional 9,493 shares during the period. Nisa Investment Advisors LLC's holdings in Match Group were worth $2,153,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Match Group in the 4th quarter worth about $704,000. Raymond James Financial Inc. purchased a new stake in shares of Match Group during the 4th quarter valued at about $4,951,000. Daiwa Securities Group Inc. grew its stake in shares of Match Group by 5.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 32,834 shares of the technology company's stock worth $1,074,000 after acquiring an additional 1,589 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Match Group by 35.6% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 110,271 shares of the technology company's stock worth $3,616,000 after acquiring an additional 28,944 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Match Group by 133.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 36,183 shares of the technology company's stock valued at $1,184,000 after purchasing an additional 20,713 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analysts Set New Price Targets

MTCH has been the subject of a number of research analyst reports. Evercore ISI reaffirmed a "cautious" rating and issued a $32.00 target price on shares of Match Group in a research report on Wednesday, May 21st. Bank of America dropped their price target on Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. UBS Group reduced their price objective on Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Barclays lowered their target price on Match Group from $52.00 to $46.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. cut their price target on Match Group from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $35.96.

Match Group Stock Down 0.7%

MTCH stock traded down $0.24 during trading on Monday, reaching $32.25. The company's stock had a trading volume of 3,676,611 shares, compared to its average volume of 4,797,306. The company's fifty day moving average is $30.59 and its 200-day moving average is $31.35. Match Group Inc. has a 1 year low of $26.39 and a 1 year high of $38.84. The company has a market capitalization of $8.08 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Insider Buying and Selling at Match Group

In related news, CEO Spencer M. Rascoff purchased 70,885 shares of Match Group stock in a transaction on Friday, May 9th. The shares were bought at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the acquisition, the chief executive officer owned 137,478 shares in the company, valued at approximately $3,856,257.90. The trade was a 106.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.