Flossbach Von Storch SE Acquires 8,500 Shares of Match Group Inc. (NASDAQ:MTCH)

Flossbach Von Storch SE raised its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 742,895 shares of the technology company's stock after acquiring an additional 8,500 shares during the quarter. Flossbach Von Storch SE owned 0.30% of Match Group worth $23,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTCH. NBC Securities Inc. acquired a new stake in Match Group in the 1st quarter valued at about $37,000. Canada Post Corp Registered Pension Plan acquired a new stake in Match Group in the 4th quarter valued at about $43,000. Kayne Anderson Rudnick Investment Management LLC lifted 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. lifted 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, Assetmark Inc. lifted its holdings in Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after acquiring an additional 378 shares during the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Citigroup reduced their price objective on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Barclays reduced their price objective on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on Match Group from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, UBS Group dropped their target price on Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Match Group currently has a consensus rating of "Hold" and a consensus price target of $35.96.

Match Group Price Performance

NASDAQ:MTCH traded down $1.12 during mid-day trading on Friday, reaching $32.49. The stock had a trading volume of 3,243,998 shares, compared to its average volume of 4,781,145. The business's 50 day moving average is $30.59 and its 200 day moving average is $31.37. Match Group Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $38.84. The stock has a market cap of $8.14 billion, a P/E ratio of 16.08, a PEG ratio of 0.72 and a beta of 1.34.

Match Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.34%. Match Group's payout ratio is currently 37.62%.

Insider Transactions at Match Group

In related news, CEO Spencer M. Rascoff bought 70,885 shares of the firm's stock in a transaction on Friday, May 9th. The stock was purchased at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the completion of the transaction, the chief executive officer directly owned 137,478 shares of the company's stock, valued at $3,856,257.90. This trade represents a 106.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.64% of the stock is owned by insiders.

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.