489,601 Shares in Match Group Inc. $MTCH Purchased by Deutsche Bank AG

Deutsche Bank AG acquired a new position in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 489,601 shares of the technology company's stock, valued at approximately $18,629,000. Deutsche Bank AG owned about 0.21% of Match Group at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Match Group by 14.6% during the 3rd quarter. State Street Corp now owns 19,275,943 shares of the technology company's stock worth $680,826,000 after buying an additional 2,461,025 shares during the period. Ameriprise Financial Inc. lifted its holdings in Match Group by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 12,483,815 shares of the technology company's stock valued at $385,590,000 after buying an additional 162,330 shares during the period. Starboard Value LP lifted its holdings in Match Group by 2.9% in the fourth quarter. Starboard Value LP now owns 11,395,379 shares of the technology company's stock valued at $367,957,000 after buying an additional 325,000 shares during the period. Invesco Ltd. lifted its holdings in Match Group by 9.8% in the fourth quarter. Invesco Ltd. now owns 9,799,389 shares of the technology company's stock valued at $316,422,000 after buying an additional 872,524 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Match Group by 32.8% in the fourth quarter. AQR Capital Management LLC now owns 8,149,868 shares of the technology company's stock valued at $261,692,000 after acquiring an additional 2,011,970 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Glenn Schiffman purchased 3,000 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $36.63 per share, with a total value of $109,890.00. Following the acquisition, the director directly owned 56,370 shares of the company's stock, valued at approximately $2,064,833.10. This represents a 5.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.71% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Match Group from $38.00 to $41.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 7th. Morgan Stanley set a $40.00 price target on Match Group in a research note on Wednesday, August 5th. Zacks Research upgraded Match Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Citigroup lifted their price objective on Match Group from $33.00 to $39.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 6th. Finally, Susquehanna reiterated a "positive" rating on shares of Match Group in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Match Group currently has an average rating of "Moderate Buy" and an average price target of $41.54.

Match Group Price Performance

Shares of NASDAQ:MTCH opened at $40.87 on Friday. The firm's 50 day simple moving average is $38.01 and its 200 day simple moving average is $34.88. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $41.40. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 0.60 and a beta of 1.30.

Match Group (NASDAQ:MTCH - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. Match Group had a net margin of 20.17% and a negative return on equity of 324.82%. The firm had revenue of $853.11 million during the quarter, compared to analysts' expectations of $857.77 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. The business's revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts expect that Match Group Inc. will post 3.31 earnings per share for the current year.

Match Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Monday, October 5th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. Match Group's payout ratio is 28.27%.

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.

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