Nissay Asset Management Corp Japan ADV Sells 717 Shares of Match Group, Inc. (NASDAQ:MTCH)

Nissay Asset Management Corp Japan ADV decreased its position in Match Group, Inc. (NASDAQ:MTCH) by 2.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 29,928 shares of the technology company’s stock after selling 717 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Match Group were worth $993,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Metis Global Partners LLC lifted its stake in Match Group by 3.0% in the 4th quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company’s stock valued at $358,000 after acquiring an additional 318 shares in the last quarter. Cornerstone Investment Partners LLC lifted its stake in Match Group by 2.2% in the 4th quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company’s stock valued at $520,000 after acquiring an additional 349 shares in the last quarter. Assetmark Inc. lifted its stake in Match Group by 14.2% in the 4th 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. Ontario Teachers Pension Plan Board lifted its stake in Match Group by 1.8% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 23,149 shares of the technology company’s stock valued at $757,000 after acquiring an additional 415 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Match Group by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 74,762 shares of the technology company’s stock valued at $2,445,000 after acquiring an additional 478 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Analyst Ratings Changes

MTCH has been the topic of several research reports. Wells Fargo & Company cut their target price on Match Group from $32.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 9th. UBS Group lowered their price target 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. JPMorgan Chase & Co. lowered their price target on Match Group from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, May 9th. Bank of America lowered their price target on Match Group from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st. Finally, Hsbc Global Res lowered Match Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Match Group presently has an average rating of “Hold” and a consensus price target of $35.91.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $29.25 on Monday. The stock’s fifty day moving average price is $29.77 and its two-hundred day moving average price is $31.77. Match Group, Inc. has a one year low of $26.39 and a one year high of $38.84. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 14.48, a P/E/G ratio of 0.82 and a beta of 1.42.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, July 3rd. Match Group’s dividend payout ratio is 37.62%.

Insider Buying and Selling at Match Group

In other news, President Gary Swidler sold 242,209 shares of the company’s stock in a transaction on 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 directly owns 1,690 shares in the company, valued at approximately $55,533.40. This represents a 99.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Spencer M. Rascoff bought 70,885 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were bought at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the completion of the transaction, the chief executive officer now owns 137,478 shares in the company, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.64% of the company’s stock.

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.