Match Group, Inc. (NASDAQ:MTCH) Shares Sold by Oak Thistle LLC

Oak Thistle LLC decreased its position in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 68.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,603 shares of the technology company's stock after selling 16,801 shares during the period. Oak Thistle LLC's holdings in Match Group were worth $249,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Starboard Value LP purchased a new position in Match Group during the third quarter worth $361,605,000. Versor Investments LP increased its position in Match Group by 301.7% during the 3rd quarter. Versor Investments LP now owns 48,200 shares of the technology company's stock worth $1,824,000 after purchasing an additional 36,200 shares in the last quarter. Paloma Partners Management Co raised its stake in Match Group by 510.3% in the 3rd quarter. Paloma Partners Management Co now owns 65,086 shares of the technology company's stock valued at $2,463,000 after purchasing an additional 54,422 shares during the last quarter. Aviance Capital Partners LLC purchased a new position in Match Group in the 3rd quarter valued at about $2,170,000. Finally, Mawer Investment Management Ltd. boosted its stake in shares of Match Group by 71.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 643,335 shares of the technology company's stock worth $24,344,000 after purchasing an additional 267,890 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Activity

In related news, Director Stephen Bailey sold 801 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 12,398 shares of the company's stock, valued at $391,900.78. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTCH. StockNews.com downgraded shares of Match Group from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Piper Sandler reissued an "overweight" rating and set a $40.00 price target on shares of Match Group in a research note on Thursday, December 12th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $32.00 price objective (down previously from $40.00) on shares of Match Group in a research report on Tuesday, December 17th. New Street Research downgraded Match Group from a "buy" rating to a "neutral" rating in a research report on Monday, December 16th. Finally, UBS Group lowered their price target on Match Group from $38.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, December 12th. Fourteen investment 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.72.

Match Group Stock Up 0.1 %

Shares of Match Group stock traded up $0.02 during trading hours on Friday, hitting $32.74. 4,687,219 shares of the company's stock traded hands, compared to its average volume of 3,637,489. Match Group, Inc. has a twelve month low of $27.66 and a twelve month high of $39.91. The company has a market cap of $8.22 billion, a PE ratio of 14.62, a PEG ratio of 1.10 and a beta of 1.45. The stock has a 50 day simple moving average of $32.15 and a 200-day simple moving average of $34.41.

Match Group announced that its board has initiated a stock buyback plan on Wednesday, December 11th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 19% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Match Group Dividend Announcement

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 given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, January 6th. Match Group's payout ratio is 33.93%.

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.