Trust Co. of Vermont Sells 2,107 Shares of Match Group, Inc. (NASDAQ:MTCH)

Trust Co. of Vermont lowered its stake in Match Group, Inc. (NASDAQ:MTCH) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,313 shares of the technology company’s stock after selling 2,107 shares during the period. Trust Co. of Vermont’s holdings in Match Group were worth $1,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MTCH. Commonwealth Equity Services LLC grew its holdings in shares of Match Group by 11.7% during the second quarter. Commonwealth Equity Services LLC now owns 9,993 shares of the technology company’s stock worth $304,000 after purchasing an additional 1,046 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Match Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,271,787 shares of the technology company’s stock worth $69,018,000 after acquiring an additional 977,090 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Match Group in the 2nd quarter valued at approximately $264,000. Amalgamated Bank raised its stake in shares of Match Group by 39.7% during the second quarter. Amalgamated Bank now owns 86,424 shares of the technology company’s stock valued at $2,626,000 after acquiring an additional 24,554 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Match Group by 5.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,747 shares of the technology company’s stock worth $463,000 after purchasing an additional 779 shares during the period. Institutional investors own 94.05% of the company’s stock.

Insiders Place Their Bets

In other Match Group news, Director Stephen Bailey sold 801 shares of the firm’s 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 sale, the director now directly owns 12,398 shares of the company’s stock, valued at $391,900.78. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MTCH. Evercore ISI cut their price objective on Match Group from $37.00 to $35.00 and set an “outperform” rating on the stock in a research note on Friday, December 13th. UBS Group decreased their target price on Match Group from $38.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price objective on shares of Match Group in a report on Monday, December 9th. Barclays cut their target price on Match Group from $55.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Finally, Wells Fargo & Company decreased their price target on shares of Match Group from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, December 12th. Fourteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.72.

Match Group Price Performance

Shares of Match Group stock opened at $32.74 on Friday. The firm has a market cap of $8.22 billion, a PE ratio of 14.62, a P/E/G ratio of 1.10 and a beta of 1.45. Match Group, Inc. has a 1 year low of $27.66 and a 1 year high of $39.91. The stock has a fifty day moving average price of $32.15 and a 200-day moving average price of $34.41.

Match Group announced that its Board of Directors has authorized a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to reacquire up to 19% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Monday, January 6th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $0.76 dividend on an annualized basis and a yield of 2.32%. Match Group’s dividend payout ratio (DPR) is presently 33.93%.

Match Group 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.