Match Group Inc. (NASDAQ:MTCH) Holdings Raised by Flossbach Von Storch SE

Flossbach Von Storch SE grew its position in Match Group Inc. (NASDAQ:MTCH - Free Report) by 1.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 about 0.30% of Match Group worth $23,178,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Match Group by 7.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,132 shares of the technology company's stock worth $1,015,000 after purchasing an additional 2,429 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Match Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock worth $87,267,000 after acquiring an additional 69,947 shares in the last quarter. QRG Capital Management Inc. raised its position in Match Group by 34.0% in the first quarter. QRG Capital Management Inc. now owns 15,897 shares of the technology company's stock worth $496,000 after acquiring an additional 4,035 shares in the last quarter. GAMMA Investing LLC raised its position in Match Group by 79.2% in the first quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company's stock worth $289,000 after acquiring an additional 4,090 shares in the last quarter. Finally, Assetmark Inc. raised its position in Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after acquiring an additional 378 shares in the last quarter. 94.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Match Group

In other news, CEO Spencer M. Rascoff purchased 70,885 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the acquisition, the chief executive officer owned 137,478 shares of the company's stock, valued at $3,856,257.90. The trade was a 106.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.64% of the company's stock.

Match Group Trading Up 2.9%

MTCH stock traded up $0.97 during midday trading on Thursday, hitting $33.84. 1,209,180 shares of the company's stock were exchanged, compared to its average volume of 4,801,709. Match Group Inc. has a 12-month low of $26.39 and a 12-month high of $38.84. The firm has a 50 day moving average price of $30.49 and a 200-day moving average price of $31.38. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34.

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.25%. Match Group's dividend payout ratio (DPR) is 37.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MTCH shares. Bank of America dropped their price target on Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Citigroup decreased their price objective on Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus decreased their price target on Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their price target on Match Group from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Morgan Stanley reduced their price objective on Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Match Group currently has a consensus rating of "Hold" and an average price target of $35.96.

About Match Group

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.