Patton Albertson Miller Group LLC lessened its holdings in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 40.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,256 shares of the technology company's stock after selling 55,998 shares during the period. Patton Albertson Miller Group LLC's holdings in Match Group were worth $2,598,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Match Group during the 1st quarter valued at approximately $37,000. Canada Post Corp Registered Pension Plan purchased a new position in Match Group in the fourth quarter worth $43,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Match Group by 30,240.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock valued at $50,000 after acquiring an additional 1,512 shares during the period. Mather Group LLC. boosted its position in shares of Match Group by 130.1% during the 1st quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock worth $79,000 after purchasing an additional 1,434 shares in the last quarter. Finally, CX Institutional acquired a new position in shares of Match Group during the 1st quarter worth $103,000. 94.05% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Match Group
In related news, CEO Spencer M. Rascoff bought 70,885 shares of the stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the purchase, the chief executive officer owned 137,478 shares in the company, valued at approximately $3,856,257.90. This represents a 106.45% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.64% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on MTCH. Morgan Stanley dropped their target price on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Evercore ISI reaffirmed a "cautious" rating and issued a $32.00 price objective on shares of Match Group in a research note on Wednesday, May 21st. Wall Street Zen downgraded Match Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Bank of America lowered their target price on Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, 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 research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $35.96.
Read Our Latest Research Report on MTCH
Match Group Stock Performance
Shares of NASDAQ MTCH traded up $1.15 during midday trading on Tuesday, reaching $33.82. 5,408,070 shares of the company's stock were exchanged, compared to its average volume of 4,667,916. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $38.84. The business's fifty day moving average price is $30.91 and its two-hundred day moving average price is $31.33. The stock has a market capitalization of $8.47 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34.
Match Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were issued a $0.19 dividend. The ex-dividend date was Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.25%. Match Group's dividend payout ratio (DPR) is presently 37.62%.
Match Group Company Profile
(
Free Report)
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.
Featured Articles

Before you consider Match Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Match Group wasn't on the list.
While Match Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.