ASR Vermogensbeheer N.V. Purchases Shares of 11,243 Match Group Inc. (NASDAQ:MTCH)

Key Points

• ASR Vermogensbeheer N.V. acquired 11,243 shares of Match Group Inc. for approximately $351,000 in the first quarter, indicating a growing interest from institutional investors.
• Match Group announced a quarterly dividend of $0.19 per share, payable on October 17th, reflecting an annualized dividend of $0.76 and a yield of 2.1%.
• Recent analyst ratings show a trend of neutral ratings for Match Group, with target price adjustments ranging from $28.00 to $36.00, reflecting moderated expectations for the stock.

ASR Vermogensbeheer N.V. purchased a new stake in Match Group Inc. (NASDAQ:MTCH - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 11,243 shares of the technology company's stock, valued at approximately $351,000.

Several other institutional investors also recently bought and sold shares of MTCH. NBC Securities Inc. acquired a new position in Match Group in the 1st quarter valued at $37,000. Canada Post Corp Registered Pension Plan acquired a new position in Match Group in the 4th quarter valued at $43,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Match Group by 30,240.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock valued at $50,000 after acquiring an additional 1,512 shares during the last quarter. Mather Group LLC. raised its holdings in Match Group by 130.1% in the 1st quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock valued at $79,000 after acquiring an additional 1,434 shares during the last quarter. Finally, CX Institutional acquired a new position in Match Group in the 1st quarter valued at $103,000. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Match Group Price Performance

NASDAQ:MTCH opened at $36.09 on Friday. The firm has a 50-day moving average of $32.40 and a two-hundred day moving average of $31.57. The stock has a market cap of $9.04 billion, a P/E ratio of 17.78, a PEG ratio of 0.72 and a beta of 1.36. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $38.77.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, October 3rd. Match Group's dividend payout ratio is presently 37.44%.

Insiders Place Their Bets

In other Match Group news, Director Stephen Bailey sold 12,500 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $36.72, for a total value of $459,000.00. Following the completion of the transaction, the director directly owned 8,058 shares of the company's stock, valued at $295,889.76. This represents a 60.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.64% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Match Group from $28.00 to $33.00 and gave the company a "neutral" rating in a report on Wednesday. Bank of America dropped their price objective on Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Citigroup dropped their price objective on Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Wells Fargo & Company upped their price objective on Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Finally, UBS Group upped their price objective on Match Group from $31.00 to $35.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Sixteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Match Group currently has a consensus rating of "Hold" and an average target price of $35.44.

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.

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