16,173 Shares in Match Group Inc. $MTCH Purchased by Sigma Planning Corp

Sigma Planning Corp acquired a new position in Match Group Inc. (NASDAQ:MTCH) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,173 shares of the technology company’s stock, valued at approximately $649,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTCH. Whittier Trust Co. increased its holdings in shares of Match Group by 91.3% during the 1st quarter. Whittier Trust Co. now owns 903 shares of the technology company’s stock valued at $29,000 after purchasing an additional 431 shares in the last quarter. Eastern Bank purchased a new stake in Match Group during the third quarter worth $31,000. Elevation Wealth Partners LLC boosted its holdings in Match Group by 1,319.4% during the second quarter. Elevation Wealth Partners LLC now owns 951 shares of the technology company’s stock worth $36,000 after buying an additional 884 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in Match Group during the second quarter valued at $76,000. Finally, Parallel Advisors LLC grew its position in Match Group by 31.4% during the first quarter. Parallel Advisors LLC now owns 3,385 shares of the technology company’s stock valued at $104,000 after buying an additional 808 shares during the period. Institutional investors and hedge funds own 94.05% of the company’s stock.

Insider Activity

In other news, Director Glenn Schiffman bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $36.63 per share, with a total value of $109,890.00. Following the transaction, the director directly owned 56,370 shares in the company, valued at $2,064,833.10. This trade represents a 5.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ann Mcdaniel sold 3,531 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $42.43, for a total transaction of $149,820.33. Following the transaction, the director owned 26,839 shares in the company, valued at approximately $1,138,778.77. This trade represents a 11.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 23,291 shares of company stock valued at $976,478. 0.71% of the stock is currently owned by company insiders.

Match Group Stock Performance

Shares of MTCH opened at $41.41 on Friday. The stock has a 50-day simple moving average of $42.25 and a 200-day simple moving average of $36.49. The stock has a market capitalization of $9.51 billion, a PE ratio of 14.22, a PEG ratio of 0.64 and a beta of 1.43. Match Group Inc. has a 1 year low of $28.81 and a 1 year high of $46.67.

Match Group (NASDAQ:MTCH) last released its earnings results on Tuesday, August 4th. The technology company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The firm had revenue of $853.11 million for the quarter, compared to analyst estimates of $857.77 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. Analysts predict that Match Group Inc. will post 3.31 EPS for the current year.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Monday, October 5th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.9%. Match Group’s dividend payout ratio is currently 28.27%.

Analyst Ratings Changes

A number of research firms have weighed in on MTCH. Susquehanna restated a “positive” rating on shares of Match Group in a research report on Wednesday, August 5th. Wells Fargo & Company decreased their price objective on shares of Match Group from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Wednesday. TD Cowen lifted their price objective on Match Group from $45.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday. Wall Street Zen cut shares of Match Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Morgan Stanley set a $40.00 price target on shares of Match Group in a research note on Wednesday, August 5th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.23.

About Match Group

Match Group, Inc is a global provider of online dating and social discovery services. The company operates a portfolio of dating applications and websites designed to help people form relationships, including Tinder, Hinge, Match, Meetic, OkCupid, Plenty of Fish, BLK, Chispa and The League.

Its platforms serve users across a broad range of geographies and relationship preferences. Match Group generates revenue primarily through paid subscriptions, premium features, à la carte purchases and advertising.