Joel Isaacson & Co. LLC Sells 350 Shares of Match Group Inc. $MTCH

Joel Isaacson & Co. LLC lessened its holdings in Match Group Inc. (NASDAQ:MTCH) by 0.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,298 shares of the technology company’s stock after selling 350 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Match Group were worth $3,901,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MTCH. Wealth Enhancement Advisory Services LLC grew its stake in shares of Match Group by 159.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,736 shares of the technology company’s stock worth $580,000 after buying an additional 10,891 shares during the last quarter. NBC Securities Inc. bought a new stake in Match Group in the first quarter worth $37,000. Pallas Capital Advisors LLC grew its stake in shares of Match Group by 21.1% in the first quarter. Pallas Capital Advisors LLC now owns 16,350 shares of the technology company’s stock worth $510,000 after acquiring an additional 2,851 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Match Group by 79.2% during the first quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company’s stock valued at $289,000 after acquiring an additional 4,090 shares in the last quarter. Finally, Abacus FCF Advisors LLC increased its holdings in shares of Match Group by 130.8% during the first quarter. Abacus FCF Advisors LLC now owns 134,934 shares of the technology company’s stock valued at $4,210,000 after acquiring an additional 76,465 shares in the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Match Group

In other news, CAO Philip D. Eigenmann sold 6,531 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total transaction of $245,043.12. Following the sale, the chief accounting officer directly owned 23,240 shares in the company, valued at $871,964.80. This trade represents a 21.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mcdaniel sold 5,423 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the sale, the director owned 21,926 shares of the company’s stock, valued at $823,979.08. The trade was a 19.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,454 shares of company stock worth $907,839. 0.64% of the stock is owned by company insiders.

Match Group Stock Performance

Shares of Match Group stock opened at $34.00 on Tuesday. The stock has a market cap of $8.18 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.68 and a beta of 1.38. The stock’s fifty day moving average is $36.67 and its 200 day moving average is $32.71. Match Group Inc. has a one year low of $26.39 and a one year high of $39.20.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, October 3rd. Match Group’s payout ratio is presently 37.44%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MTCH shares. Susquehanna upped their price target on shares of Match Group from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Match Group from $28.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a report on Saturday, September 27th. Wells Fargo & Company boosted their price objective on shares of Match Group from $31.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, June 27th. Finally, Evercore ISI increased their target price on Match Group from $32.00 to $38.00 and gave the company an “in-line” rating in a research note on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat, Match Group currently has an average rating of “Hold” and a consensus price target of $35.44.

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.