Nuveen Asset Management LLC Sells 947,388 Shares of Match Group, Inc. (NASDAQ:MTCH)

Nuveen Asset Management LLC trimmed its stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 16.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,986,481 shares of the technology company's stock after selling 947,388 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.99% of Match Group worth $163,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the business. Canada Post Corp Registered Pension Plan purchased a new position in Match Group during the fourth quarter valued at $43,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Match Group by 30,240.0% during 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 purchasing an additional 1,512 shares during the period. Assetmark Inc. lifted its position in shares of Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after acquiring an additional 378 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Match Group by 420.3% during the 4th quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock worth $107,000 after acquiring an additional 2,652 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Match Group during the 4th quarter worth approximately $116,000. Hedge funds and other institutional investors own 94.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MTCH shares. UBS Group cut their price objective on Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company lowered their target price on Match Group from $32.00 to $31.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. HSBC cut Match Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Evercore ISI lowered their target price on Match Group from $35.00 to $32.00 and set an "in-line" rating for the company in a report on Monday, May 12th. Finally, Barclays lowered their target price on Match Group from $52.00 to $46.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Sixteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Match Group has a consensus rating of "Hold" and an average target price of $35.91.

Match Group Stock Performance

Shares of NASDAQ:MTCH traded up $0.68 on Monday, hitting $29.93. 6,297,226 shares of the company's stock were exchanged, compared to its average volume of 4,911,822. 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 $7.50 billion, a PE ratio of 14.82, a P/E/G ratio of 0.82 and a beta of 1.42. The firm's 50-day moving average is $29.77 and its 200 day moving average is $31.77.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is 37.62%.

Insider Activity at Match Group

In other Match Group news, President Gary Swidler sold 242,209 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the sale, the president now owns 1,690 shares of the company's stock, valued at approximately $55,533.40. The trade was a 99.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Spencer M. Rascoff bought 70,885 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $28.05 per share, with a total value of $1,988,324.25. Following the transaction, the chief executive officer now directly owns 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 disclosure for this purchase can be found here. 0.64% of the stock is currently owned by company insiders.

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.