Match Group Inc. (NASDAQ:MTCH) Stake Boosted by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its stake in Match Group Inc. (NASDAQ:MTCH - Free Report) by 19.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,058 shares of the technology company's stock after acquiring an additional 8,725 shares during the period. IFM Investors Pty Ltd's holdings in Match Group were worth $1,655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTCH. Charles Schwab Investment Management Inc. grew its holdings in Match Group by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock valued at $87,267,000 after purchasing an additional 69,947 shares during the last quarter. Assetmark Inc. lifted its position in shares of Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after purchasing an additional 378 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Match Group in the 4th quarter worth approximately $704,000. Raymond James Financial Inc. bought a new position in shares of Match Group during the 4th quarter worth approximately $4,951,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Match Group by 148.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 292,364 shares of the technology company's stock worth $9,563,000 after acquiring an additional 174,530 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insider Transactions at Match Group

In other news, CEO Spencer M. Rascoff acquired 70,885 shares of the stock in a transaction on Friday, May 9th. The stock was bought 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. The trade was a 106.45% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.64% of the company's stock.

Match Group Stock Performance

MTCH traded down $1.12 during trading on Friday, hitting $32.49. The stock had a trading volume of 3,243,998 shares, compared to its average volume of 4,781,145. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $38.84. The firm has a market capitalization of $8.14 billion, a P/E ratio of 16.08, a PEG ratio of 0.72 and a beta of 1.34. The company's 50-day moving average price is $30.59 and its 200 day moving average price is $31.38.

Match Group Announces Dividend

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

Analysts Set New Price Targets

MTCH has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on shares of Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company raised their price target on shares of Match Group from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Barclays decreased their price objective on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Morgan Stanley decreased their price target on shares of 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. Finally, UBS Group reduced their target price on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.