Match Group Inc. $MTCH Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Match Group Inc. (NASDAQ:MTCH) by 3.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,119 shares of the technology company’s stock after selling 1,076 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Match Group were worth $869,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Applied Finance Capital Management LLC lifted its stake in 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 valued at $215,000 after purchasing an additional 334 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Match Group by 56.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after buying an additional 362 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Match Group by 18.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock valued at $77,000 after acquiring an additional 390 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Match Group by 14.1% during the 1st quarter. Assetmark Inc. now owns 3,464 shares of the technology company’s stock worth $108,000 after acquiring an additional 429 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Match Group by 28.0% during the 2nd quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock worth $63,000 after acquiring an additional 446 shares in the last quarter. Institutional investors own 94.05% of the company’s stock.

Match Group Price Performance

Shares of MTCH opened at $32.82 on Tuesday. The business’s 50-day moving average is $35.68 and its 200-day moving average is $32.99. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.65 and a beta of 1.38. Match Group Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.20.

Match Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were given a $0.19 dividend. The ex-dividend date was Friday, October 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%. Match Group’s dividend payout ratio is presently 37.44%.

Insiders Place Their Bets

In other Match Group news, CAO Philip D. Eigenmann sold 6,531 shares of Match Group 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 completion of the sale, the chief accounting officer owned 23,240 shares of the company’s stock, valued at $871,964.80. This trade represents a 21.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ann Mcdaniel sold 5,423 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total transaction of $203,796.34. Following the transaction, the director owned 21,926 shares in the company, valued at approximately $823,979.08. This represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,454 shares of company stock worth $907,839 in the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MTCH shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective 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. UBS Group lifted their target price on shares of Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Morgan Stanley cut their price target on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating on the stock in a report on Monday, October 20th. Finally, Evercore ISI upped their price target on shares of Match Group from $32.00 to $38.00 and gave the company an “in-line” rating in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.56.

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.