Joel Isaacson & Co. LLC Reduces Position in Match Group Inc. $MTCH

Joel Isaacson & Co. LLC reduced its holdings in Match Group Inc. (NASDAQ:MTCH) by 23.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,042 shares of the technology company’s stock after selling 29,256 shares during the period. Joel Isaacson & Co. LLC’s holdings in Match Group were worth $3,428,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of MTCH. Woodline Partners LP purchased a new position in Match Group in the 1st quarter worth approximately $662,000. Parallel Advisors LLC lifted its position in 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 buying an additional 390 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Match Group during the second quarter worth approximately $207,000. Wealth Enhancement Advisory Services LLC boosted its stake in Match Group by 20.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 16,372 shares of the technology company’s stock worth $533,000 after buying an additional 2,815 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in Match Group in the 2nd quarter valued at $510,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

Shares of MTCH opened at $30.85 on Wednesday. The firm has a 50-day simple moving average of $32.61 and a two-hundred day simple moving average of $34.08. The stock has a market cap of $7.28 billion, a PE ratio of 14.42, a P/E/G ratio of 0.59 and a beta of 1.33. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20.

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Stockholders of record on Tuesday, January 6th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, January 6th. Match Group’s dividend payout ratio (DPR) is currently 35.51%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James Financial reiterated a “market perform” rating on shares of Match Group in a report on Wednesday, December 10th. UBS Group set a $37.00 price objective on shares of Match Group in a research report on Tuesday, January 13th. Wells Fargo & Company decreased their target price on shares of Match Group from $35.00 to $33.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 price target on shares of Match Group in a research note on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.38.

Insider Buying and Selling at Match Group

In other news, CEO Spencer M. Rascoff acquired 14,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average price of $31.84 per share, for a total transaction of $445,760.00. Following the acquisition, the chief executive officer owned 165,128 shares of the company’s stock, valued at $5,257,675.52. This represents a 9.26% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.64% of the company’s stock.

About Match Group

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.