Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC cut its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,690 shares of the technology company’s stock after selling 2,615 shares during the period. Krilogy Financial LLC’s holdings in Match Group were worth $873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the company. Venturi Wealth Management LLC increased its stake in shares of Match Group by 617.3% during the third quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company’s stock worth $27,000 after purchasing an additional 605 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Match Group in the 3rd quarter worth approximately $31,000. Quarry LP lifted its holdings in shares of Match Group by 54.5% in the 2nd quarter. Quarry LP now owns 1,307 shares of the technology company’s stock worth $40,000 after acquiring an additional 461 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Match Group in the 3rd quarter worth approximately $57,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Match Group by 433.5% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,846 shares of the technology company’s stock worth $70,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insiders Place Their Bets

In other news, Director Stephen Bailey sold 801 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the transaction, the director now directly owns 12,398 shares in the company, valued at approximately $391,900.78. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.77% of the stock is owned by insiders.

Match Group Stock Performance

Shares of MTCH stock opened at $32.74 on Monday. Match Group, Inc. has a one year low of $27.66 and a one year high of $39.91. The company has a 50 day moving average price of $32.15 and a 200 day moving average price of $34.44. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.10 and a beta of 1.45.

Match Group declared that its board has approved a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 19% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Match Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Monday, January 6th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, January 6th. This represents a $0.76 annualized dividend and a yield of 2.32%. Match Group’s dividend payout ratio is currently 33.93%.

Analysts Set New Price Targets

Several brokerages have recently commented on MTCH. Wells Fargo & Company decreased their price objective on shares of Match Group from $33.00 to $32.00 and set an “equal weight” rating on the stock in a report on Thursday, December 12th. Stifel Nicolaus reduced their target price on shares of Match Group from $39.00 to $36.00 and set a “hold” rating on the stock in a report on Thursday, December 12th. New Street Research lowered shares of Match Group from a “buy” rating to a “neutral” rating in a report on Monday, December 16th. Piper Sandler reiterated an “overweight” rating and set a $40.00 target price on shares of Match Group in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Fourteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.72.

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.