Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in Match Group, Inc. (NASDAQ:MTCH) by 16.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,986,481 shares of the technology company’s stock after selling 947,388 shares during the period. Nuveen Asset Management LLC’s holdings in Match Group were worth $163,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTCH. Canada Post Corp Registered Pension Plan acquired a new position in shares of Match Group in the 4th quarter worth approximately $43,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake 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 worth $50,000 after purchasing an additional 1,512 shares during the last quarter. Assetmark Inc. boosted its holdings in Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock worth $99,000 after purchasing an additional 378 shares during the period. Principal Securities Inc. increased its stake in Match Group by 420.3% during the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company’s stock valued at $107,000 after purchasing an additional 2,652 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in Match Group during the fourth quarter valued at $116,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Buying and Selling at Match Group

In other news, CEO Spencer M. Rascoff bought 70,885 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the chief executive officer now directly owns 137,478 shares in the company, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary Swidler sold 242,209 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.86, for a total value of $7,958,987.74. Following the transaction, the president now directly 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 disclosure for this sale can be found here. 0.77% of the stock is owned by corporate insiders.

Match Group Stock Performance

Shares of MTCH opened at $28.98 on Friday. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84. The stock’s fifty day moving average is $29.81 and its 200-day moving average is $31.88. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42.

Match Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.62%. Match Group’s dividend payout ratio is presently 37.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target 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. JPMorgan Chase & Co. dropped their price objective on shares of Match Group from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. 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. Finally, Evercore ISI cut their price target on Match Group from $35.00 to $32.00 and set an “in-line” rating on the stock in a report on Monday. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.91.

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.