IFM Investors Pty Ltd Purchases 8,725 Shares of Match Group Inc. (NASDAQ:MTCH)

IFM Investors Pty Ltd increased its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,058 shares of the technology company's stock after buying an additional 8,725 shares during the quarter. IFM Investors Pty Ltd's holdings in Match Group were worth $1,655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Starboard Value LP grew its holdings in shares of Match Group by 53.4% in the 4th quarter. Starboard Value LP now owns 14,656,970 shares of the technology company's stock worth $479,429,000 after acquiring an additional 5,100,824 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Match Group by 716.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock worth $171,889,000 after acquiring an additional 4,611,598 shares during the last quarter. Norges Bank acquired a new position in shares of Match Group in the 4th quarter worth $112,176,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Match Group by 110.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock worth $183,968,000 after acquiring an additional 2,952,470 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Match Group by 24.2% in the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock worth $343,427,000 after acquiring an additional 2,042,677 shares during the last quarter. 94.05% of the stock is owned by institutional investors.

Insider Buying and Selling at Match Group

In other Match Group news, CEO Spencer M. Rascoff acquired 70,885 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the transaction, the chief executive officer owned 137,478 shares of the company's stock, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company's stock.

Match Group Stock Down 3.3%

Shares of NASDAQ:MTCH traded down $1.12 on Friday, reaching $32.49. The company had a trading volume of 3,243,998 shares, compared to its average volume of 4,799,100. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $38.84. The stock has a 50-day moving average price of $30.56 and a 200 day moving average price of $31.39. The stock has a market capitalization of $8.14 billion, a P/E ratio of 16.08, a P/E/G ratio of 0.73 and a beta of 1.34.

Match Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MTCH shares. JPMorgan Chase & Co. decreased 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. Stifel Nicolaus decreased their target price on Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Citigroup decreased their target price on Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Barclays decreased their target price on Match Group from $52.00 to $46.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Finally, Wells Fargo & Company raised their target price on Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $35.96.

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.