Match Group Inc. $MTCH Shares Sold by Joel Isaacson & Co. LLC

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

A number of other large investors have also modified their holdings of MTCH. Harbor Capital Advisors Inc. acquired a new stake in Match Group in the 3rd quarter worth approximately $25,000. Root Financial Partners LLC purchased a new stake in shares of Match Group during the third quarter valued at $27,000. Employees Retirement System of Texas purchased a new stake in Match Group during the 2nd quarter valued at about $28,000. Caldwell Trust Co acquired a new stake in shares of Match Group during the second quarter worth about $32,000. Finally, Quent Capital LLC acquired a new stake in Match Group during the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Trading Down 1.5%

Shares of MTCH stock opened at $30.85 on Wednesday. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $39.20. The business’s 50 day moving average is $32.61 and its two-hundred day moving average is $34.08. The company has a market capitalization of $7.28 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.59 and a beta of 1.33.

Match Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, January 6th. Match Group’s payout ratio is presently 35.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MTCH shares. Wolfe Research set a $43.00 price target on shares of Match Group and gave the company an “outperform” rating in a report on Monday, January 5th. Royal Bank Of Canada restated an “outperform” rating and issued a $37.00 target price on shares of Match Group in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research report on Wednesday, October 8th. Truist Financial decreased their price target on Match Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. Finally, Wall Street Zen cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Four investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $36.38.

Insider Buying and Selling

In related news, CEO Spencer M. Rascoff acquired 14,000 shares of Match Group stock in a transaction on Thursday, November 20th. The stock was bought at an average cost of $31.84 per share, for a total transaction of $445,760.00. Following the completion of the transaction, the chief executive officer owned 165,128 shares of the company’s stock, valued at approximately $5,257,675.52. The trade was a 9.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.64% of the company’s stock.

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.