Elo Mutual Pension Insurance Co Has $1.44 Million Stock Holdings in Match Group Inc. $MTCH

Elo Mutual Pension Insurance Co lowered its stake in Match Group Inc. (NASDAQ:MTCH) by 25.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,749 shares of the technology company’s stock after selling 15,696 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Match Group were worth $1,444,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MTCH. Edmond DE Rothschild Holding S.A. increased its position in shares of Match Group by 7.8% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 5,852,947 shares of the technology company’s stock worth $180,798,000 after purchasing an additional 424,232 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Match Group by 4.3% in the 2nd quarter. Prudential Financial Inc. now owns 147,188 shares of the technology company’s stock valued at $4,547,000 after buying an additional 6,021 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Match Group by 359.3% in the second quarter. American Century Companies Inc. now owns 208,497 shares of the technology company’s stock valued at $6,440,000 after buying an additional 163,105 shares in the last quarter. Rhumbline Advisers increased its holdings in Match Group by 1.8% during the second quarter. Rhumbline Advisers now owns 505,136 shares of the technology company’s stock worth $15,604,000 after buying an additional 9,022 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in Match Group during the second quarter worth $333,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Down 0.5%

Match Group stock opened at $33.22 on Friday. The company’s 50-day moving average price is $33.32 and its two-hundred day moving average price is $33.46. The stock has a market cap of $7.84 billion, a P/E ratio of 16.36, a P/E/G ratio of 0.63 and a beta of 1.41. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 6th. Match Group’s dividend payout ratio (DPR) is presently 35.51%.

Insider Activity at Match Group

In related news, CAO Philip D. Eigenmann sold 6,531 shares of the business’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total value of $245,043.12. Following the completion of the sale, the chief accounting officer directly owned 23,240 shares in the company, valued at $871,964.80. The trade was a 21.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Spencer M. Rascoff acquired 14,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was purchased at an average cost of $31.84 per share, for a total transaction of $445,760.00. Following the completion of the acquisition, the chief executive officer owned 165,128 shares in the company, valued at approximately $5,257,675.52. This represents a 9.26% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Match Group from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Evercore ISI cut their target price on shares of Match Group from $38.00 to $35.00 and set an “in-line” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen upgraded Match Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Susquehanna boosted their price target on Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Finally, Morgan Stanley cut their price objective on Match Group from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, Match Group presently has a consensus rating of “Hold” and a consensus price target of $35.00.

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.