Flossbach Von Storch SE Increases Stock Holdings in Match Group Inc. (NASDAQ:MTCH)

Flossbach Von Storch SE increased its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 742,895 shares of the technology company's stock after purchasing an additional 8,500 shares during the period. Flossbach Von Storch SE owned approximately 0.30% of Match Group worth $23,178,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MTCH. NBC Securities Inc. bought a new stake in Match Group in the first quarter worth $37,000. Canada Post Corp Registered Pension Plan purchased a new position in Match Group during the fourth quarter worth $43,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Match Group by 30,240.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock worth $50,000 after buying an additional 1,512 shares during the period. Mather Group LLC. boosted its stake in Match Group by 130.1% during the first quarter. Mather Group LLC. now owns 2,536 shares of the technology company's stock worth $79,000 after buying an additional 1,434 shares during the period. Finally, Assetmark Inc. boosted its stake in Match Group by 14.2% during the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after buying an additional 378 shares during the period. Institutional investors own 94.05% of the company's stock.

Match Group Stock Performance

NASDAQ MTCH traded up $0.74 during trading hours on Thursday, reaching $33.61. The stock had a trading volume of 3,796,116 shares, compared to its average volume of 4,805,320. The stock has a fifty day moving average of $30.56 and a 200 day moving average of $31.39. The stock has a market cap of $8.42 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $38.84.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be given a $0.19 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.26%. Match Group's dividend payout ratio is currently 37.62%.

Insider Buying and Selling

In related news, CEO Spencer M. Rascoff acquired 70,885 shares of the stock in a transaction on Friday, May 9th. The shares were acquired at an average price of $28.05 per share, for a total transaction of $1,988,324.25. Following the transaction, the chief executive officer owned 137,478 shares in the company, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on MTCH. Wells Fargo & Company lifted their price objective on shares of Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Evercore ISI reissued a "cautious" rating and set a $32.00 target price on shares of Match Group in a research note on Wednesday, May 21st. UBS Group lowered their target price on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Finally, Citigroup lowered their target price 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. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Match Group has an average rating of "Hold" and an average target price of $35.96.

Match Group Company 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.