Securian Asset Management Inc. Decreases Stock Holdings in Match Group Inc. $MTCH

Securian Asset Management Inc. lowered its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,820 shares of the technology company’s stock after selling 393 shares during the period. Securian Asset Management Inc.’s holdings in Match Group were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its holdings in Match Group by 11.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 156,451 shares of the technology company’s stock worth $4,753,000 after buying an additional 16,361 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Match Group in the second quarter valued at about $2,938,000. Foster & Motley Inc. purchased a new stake in shares of Match Group in the second quarter valued at about $772,000. Arista Wealth Management LLC purchased a new stake in shares of Match Group in the second quarter valued at about $321,000. Finally, Empirical Asset Management LLC lifted its holdings in shares of Match Group by 28.6% in the second quarter. Empirical Asset Management LLC now owns 20,230 shares of the technology company’s stock valued at $625,000 after purchasing an additional 4,505 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen Bailey sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $36.72, for a total transaction of $459,000.00. Following the completion of the transaction, the director owned 8,058 shares of the company’s stock, valued at approximately $295,889.76. This represents a 60.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Philip D. Eigenmann sold 6,531 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total transaction of $245,043.12. Following the transaction, the chief accounting officer directly owned 23,240 shares of the company’s stock, valued at $871,964.80. This trade represents a 21.94% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,454 shares of company stock valued at $907,839. Insiders own 0.64% of the company’s stock.

Match Group Price Performance

NASDAQ:MTCH opened at $32.62 on Friday. The firm has a 50 day simple moving average of $35.78 and a 200-day simple moving average of $32.90. The firm has a market cap of $7.85 billion, a PE ratio of 16.07, a P/E/G ratio of 0.65 and a beta of 1.38. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.76 annualized dividend and a yield of 2.3%. Match Group’s dividend payout ratio is 37.44%.

Analyst Ratings Changes

Several analysts have issued reports on MTCH shares. UBS Group upped their price target on shares of Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Evercore ISI upped their price target on shares of Match Group from $32.00 to $38.00 and gave the company an “in-line” rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Susquehanna upped their price target on shares of Match Group from $40.00 to $45.00 and gave the company a “positive” rating in a report on Thursday, August 7th. Finally, Morgan Stanley cut their price objective on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday. Five research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.56.

Match Group Company 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.