Nisa Investment Advisors LLC Purchases 22,165 Shares of Match Group Inc. $MTCH

Nisa Investment Advisors LLC lifted its position in Match Group Inc. (NASDAQ:MTCH) by 57.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 60,667 shares of the technology company’s stock after buying an additional 22,165 shares during the period. Nisa Investment Advisors LLC’s holdings in Match Group were worth $2,143,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its stake in Match Group by 8.2% in the second quarter. Smartleaf Asset Management LLC now owns 4,307 shares of the technology company’s stock valued at $133,000 after acquiring an additional 326 shares during the period. Bollard Group LLC grew its position in shares of Match Group by 0.7% in the 2nd quarter. Bollard Group LLC now owns 54,558 shares of the technology company’s stock valued at $1,685,000 after purchasing an additional 356 shares during the period. 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 worth $31,000 after purchasing an additional 362 shares in the last quarter. Parallel Advisors LLC raised its holdings in Match Group by 18.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,500 shares of the technology company’s stock worth $77,000 after buying an additional 390 shares during the period. Finally, Exencial Wealth Advisors LLC lifted its stake in Match Group by 2.8% in the second quarter. Exencial Wealth Advisors LLC now owns 16,159 shares of the technology company’s stock valued at $499,000 after buying an additional 439 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Match Group from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wall Street Zen lowered Match Group from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Wolfe Research set a $43.00 target price on Match Group and gave the company an “outperform” rating in a research note on Monday, January 5th. Raymond James Financial reaffirmed a “market perform” rating on shares of Match Group in a research note on Wednesday, December 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 price objective on shares of Match Group in a report on Wednesday, December 10th. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.38.

Match Group Stock Down 1.2%

NASDAQ:MTCH opened at $31.68 on Wednesday. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 0.60 and a beta of 1.33. The stock’s 50 day moving average price is $32.77 and its two-hundred day moving average price is $34.11.

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Shareholders of record on Tuesday, January 6th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, January 6th. Match Group’s dividend payout ratio is 35.51%.

Insider Buying and Selling

In other news, CEO Spencer M. Rascoff acquired 14,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of $31.84 per share, with a total value of $445,760.00. Following the transaction, the chief executive officer directly owned 165,128 shares in the company, valued at approximately $5,257,675.52. The trade was a 9.26% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

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.