180 Wealth Advisors LLC Sells 5,092 Shares of Match Group, Inc. (NASDAQ:MTCH)

180 Wealth Advisors LLC lessened its stake in shares of Match Group, Inc. (NASDAQ:MTCH) by 15.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,967 shares of the technology company’s stock after selling 5,092 shares during the period. 180 Wealth Advisors LLC’s holdings in Match Group were worth $882,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MTCH. Czech National Bank raised its stake in Match Group by 3.6% in the fourth quarter. Czech National Bank now owns 54,442 shares of the technology company’s stock valued at $1,781,000 after buying an additional 1,907 shares during the period. Nordea Investment Management AB raised its stake in Match Group by 56.8% in the fourth quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company’s stock valued at $78,733,000 after buying an additional 866,026 shares during the period. Everence Capital Management Inc. bought a new stake in Match Group in the fourth quarter valued at approximately $250,000. Retirement Systems of Alabama raised its stake in Match Group by 2,732.1% in the third quarter. Retirement Systems of Alabama now owns 1,659,718 shares of the technology company’s stock valued at $62,804,000 after buying an additional 1,601,115 shares during the period. Finally, Franklin Resources Inc. raised its stake in Match Group by 9.0% in the third quarter. Franklin Resources Inc. now owns 276,775 shares of the technology company’s stock valued at $10,459,000 after buying an additional 22,887 shares during the period. Institutional investors own 94.05% of the company’s stock.

Insider Buying and Selling at Match Group

In other news, Director Stephen Bailey sold 801 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $31.61, for a total value of $25,319.61. Following the completion of the transaction, the director now directly owns 12,398 shares in the company, valued at approximately $391,900.78. This represents a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Loop Capital dropped their price objective on Match Group from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, December 12th. StockNews.com lowered Match Group from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Stifel Nicolaus dropped their price objective on Match Group from $39.00 to $36.00 and set a “hold” rating on the stock in a research note on Thursday, December 12th. Jefferies Financial Group reiterated a “hold” rating and set a $32.00 target price (down previously from $40.00) on shares of Match Group in a research note on Tuesday, December 17th. Finally, Bank of America increased their target price on Match Group from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.72.

Match Group Stock Performance

Shares of MTCH stock opened at $31.17 on Tuesday. The stock’s fifty day moving average price is $32.30 and its two-hundred day moving average price is $34.40. The company has a market cap of $7.83 billion, a PE ratio of 13.92, a P/E/G ratio of 1.18 and a beta of 1.45. Match Group, Inc. has a fifty-two week low of $27.66 and a fifty-two week high of $39.91.

Match Group declared that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to purchase up to 19% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Monday, January 6th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, January 6th. Match Group’s dividend payout ratio is presently 33.93%.

About Match Group

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.