Chevy Chase Trust Holdings LLC Has $4.02 Million Position in Match Group Inc. $MTCH

Chevy Chase Trust Holdings LLC reduced its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,241 shares of the technology company’s stock after selling 1,443 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Match Group worth $4,023,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Applied Finance Capital Management LLC boosted its holdings in shares of Match Group by 5.1% during the first quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company’s stock worth $215,000 after purchasing an additional 334 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Match Group by 56.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock worth $31,000 after purchasing an additional 362 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Match Group by 18.5% during the second quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock worth $77,000 after purchasing an additional 390 shares during the period. Assetmark Inc. boosted its holdings in shares of Match Group by 14.1% during the first quarter. Assetmark Inc. now owns 3,464 shares of the technology company’s stock worth $108,000 after purchasing an additional 429 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of Match Group by 28.0% during the second quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after purchasing an additional 446 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stephen Bailey sold 12,500 shares of the business’s stock in a transaction 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 transaction, the director owned 8,058 shares of the company’s stock, valued at approximately $295,889.76. The trade was a 60.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Mcdaniel sold 5,423 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total transaction of $203,796.34. Following the transaction, the director directly owned 21,926 shares in the company, valued at $823,979.08. This trade represents a 19.83% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,454 shares of company stock valued at $907,839. 0.64% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on MTCH shares. Weiss Ratings restated a “hold (c)” rating on shares of Match Group in a report on Wednesday, October 8th. Evercore ISI lifted their target price on shares of Match Group from $32.00 to $38.00 and gave the company an “in-line” rating in a research note on Wednesday, August 6th. Morgan Stanley reduced their target price on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. lifted their target price on shares of Match Group from $28.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, UBS Group lifted their target price on shares of Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Five equities 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, the company currently has a consensus rating of “Hold” and a consensus price target of $35.56.

Match Group Stock Up 1.7%

NASDAQ:MTCH opened at $32.98 on Tuesday. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $39.20. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 0.64 and a beta of 1.38. The company’s 50 day moving average is $36.19 and its 200-day moving average is $32.82.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.3%. Match Group’s dividend payout ratio (DPR) is currently 37.44%.

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.