Voya Investment Management LLC Sells 16,457 Shares of Match Group Inc. $MTCH

Voya Investment Management LLC lessened its position in Match Group Inc. (NASDAQ:MTCH) by 24.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 51,470 shares of the technology company’s stock after selling 16,457 shares during the period. Voya Investment Management LLC’s holdings in Match Group were worth $1,818,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Employees Retirement System of Texas bought a new position in shares of Match Group in the 2nd quarter worth $28,000. MassMutual Private Wealth & Trust FSB increased its stake in Match Group by 56.0% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,008 shares of the technology company’s stock valued at $31,000 after purchasing an additional 362 shares in the last quarter. Caldwell Trust Co acquired a new position in Match Group during the second quarter worth $32,000. Harbour Investments Inc. lifted its stake in shares of Match Group by 28.0% in the second quarter. Harbour Investments Inc. now owns 2,039 shares of the technology company’s stock valued at $63,000 after buying an additional 446 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Match Group in the second quarter valued at $63,000. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial decreased their target price on shares of Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, November 5th. Wall Street Zen downgraded Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Match Group in a report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $37.00 target price on shares of Match Group in a report on Wednesday, December 10th. Finally, Evercore ISI cut their target price on Match Group from $38.00 to $35.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.42.

Match Group Stock Down 1.1%

Shares of NASDAQ MTCH opened at $32.54 on Monday. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20. The stock’s 50 day moving average price is $32.84 and its 200-day moving average price is $33.97. The company has a market capitalization of $7.68 billion, a PE ratio of 15.21, a PEG ratio of 0.71 and a beta of 1.34.

Match Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be given a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $0.76 annualized dividend and a yield of 2.3%. Match Group’s payout ratio is currently 35.51%.

Insider Transactions at Match Group

In other Match Group news, CEO Spencer M. Rascoff acquired 14,000 shares of Match Group stock in a transaction on Thursday, November 20th. The stock was purchased at an average price of $31.84 per share, for a total transaction of $445,760.00. Following the purchase, the chief executive officer directly owned 165,128 shares of the company’s stock, valued at $5,257,675.52. This trade represents a 9.26% 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. 0.64% of the stock is owned by company insiders.

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.