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

Savant Capital LLC cut its position in Match Group Inc. (NASDAQ:MTCH) by 93.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Bollard Group LLC lifted its position in Match Group by 0.6% during the third quarter. Bollard Group LLC now owns 54,875 shares of the technology company’s stock worth $1,938,000 after buying an additional 317 shares in the last quarter. True Wealth Design LLC lifted its position in Match Group by 12.8% during the fourth quarter. True Wealth Design LLC now owns 2,813 shares of the technology company’s stock worth $91,000 after buying an additional 320 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Match Group by 8.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock worth $133,000 after acquiring an additional 326 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Match Group by 2.8% during the 3rd quarter. Bessemer Group Inc. now owns 12,281 shares of the technology company’s stock worth $432,000 after acquiring an additional 333 shares during the period. Finally, Mather Group LLC. raised its holdings in shares of Match Group by 6.0% during the 4th quarter. Mather Group LLC. now owns 6,477 shares of the technology company’s stock worth $209,000 after acquiring an additional 364 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.

Match Group Stock Performance

MTCH stock opened at $34.42 on Monday. The company has a market capitalization of $8.03 billion, a PE ratio of 13.14, a P/E/G ratio of 0.55 and a beta of 1.33. Match Group Inc. has a 12-month low of $28.81 and a 12-month high of $39.20. The business’s fifty day moving average price is $34.77 and its 200 day moving average price is $32.86.

Match Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on MTCH shares. Piper Sandler set a $51.00 price target on Match Group in a report on Wednesday, May 6th. Truist Financial set a $37.00 price target on Match Group in a report on Wednesday, May 6th. TD Cowen lifted their price target on Match Group from $37.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, May 4th. UBS Group lifted their price target on Match Group from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Match Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.07.

Insider Activity

In related news, Director Melissa Anne Brenner sold 5,141 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the sale, the director owned 16,218 shares in the company, valued at approximately $582,874.92. The trade was a 24.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

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.