Match Group Inc. $MTCH Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 93.0% in the 4th quarter, HoldingsChannel reports. The firm owned 6,418 shares of the technology company’s stock after selling 85,082 shares during the period. Savant Capital LLC’s holdings in Match Group were worth $207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTCH. Woodline Partners LP acquired a new position in Match Group during the 1st quarter worth $662,000. Northwestern Mutual Wealth Management Co. grew its stake in Match Group by 20.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,260 shares of the technology company’s stock worth $162,000 after purchasing an additional 891 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Match Group by 45.9% during the 2nd quarter. First Trust Advisors LP now owns 649,721 shares of the technology company’s stock worth $20,070,000 after acquiring an additional 204,472 shares in the last quarter. Amundi boosted its position in shares of Match Group by 1,477.6% during the 2nd quarter. Amundi now owns 358,709 shares of the technology company’s stock worth $11,637,000 after acquiring an additional 335,971 shares in the last quarter. Finally, Cresset Asset Management LLC acquired a new position in shares of Match Group during the 2nd quarter worth about $298,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Price Performance

Shares of NASDAQ MTCH opened at $34.42 on Monday. The stock has a market cap of $8.03 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.55 and a beta of 1.33. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $39.20. The business has a 50-day moving average price of $34.77 and a 200 day moving average price of $32.86.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 annualized dividend and a yield of 2.3%. Match Group’s dividend payout ratio is currently 30.53%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MTCH. Truist Financial set a $37.00 price objective on Match Group in a research report on Wednesday, May 6th. TD Cowen upped their price objective on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. UBS Group upped their price objective on Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Barclays upped their price objective on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Piper Sandler set a $51.00 price objective on Match Group in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.07.

Insider Buying and Selling

In other Match Group news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the completion of the sale, the director directly owned 16,218 shares of the company’s stock, valued at $582,874.92. This represents a 24.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Match Group Profile

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.