Edmond DE Rothschild Holding S.A. Sells 38,542 Shares of Match Group Inc. $MTCH

Key Points

• Edmond DE Rothschild Holding S.A. reduced its holdings in Match Group Inc. by 0.7%, now owning approximately 5.4 million shares valued at $169.4 million, making it the firm's 6th largest holding.
• Match Group recently announced a quarterly dividend of $0.19 per share, signifying a 2.0% yield, with the ex-dividend date set for October 3rd.
• A number of analysts have raised their price targets for Match Group, with an average target of $35.44 and a mixed rating of five "Buy" and fifteen "Hold" recommendations.

Edmond DE Rothschild Holding S.A. lowered its stake in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 0.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,428,715 shares of the technology company's stock after selling 38,542 shares during the quarter. Match Group makes up about 3.0% of Edmond DE Rothschild Holding S.A.'s holdings, making the stock its 6th biggest position. Edmond DE Rothschild Holding S.A. owned 2.17% of Match Group worth $169,376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTCH. Applied Finance Capital Management LLC grew its position in Match Group by 5.1% in the 1st quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company's stock valued at $215,000 after buying an additional 334 shares during the last quarter. Fulton Bank N.A. grew its position in Match Group by 3.9% in the 1st quarter. Fulton Bank N.A. now owns 10,290 shares of the technology company's stock valued at $321,000 after buying an additional 388 shares during the last quarter. Assetmark Inc. grew its position in Match Group by 14.1% in the 1st quarter. Assetmark Inc. now owns 3,464 shares of the technology company's stock valued at $108,000 after buying an additional 429 shares during the last quarter. Penserra Capital Management LLC grew its position in Match Group by 2.7% in the 1st quarter. Penserra Capital Management LLC now owns 17,515 shares of the technology company's stock valued at $546,000 after buying an additional 455 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Match Group by 2.9% in the 4th quarter. Janus Henderson Group PLC now owns 20,688 shares of the technology company's stock valued at $677,000 after buying an additional 576 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Evercore ISI boosted their target price on shares of Match Group from $32.00 to $38.00 and gave the stock an "in-line" rating in a research report on Wednesday, August 6th. UBS Group boosted their target price on shares of Match Group from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on shares of Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. boosted their target price on shares of Match Group from $28.00 to $33.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Susquehanna boosted their target price on shares of Match Group from $40.00 to $45.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $35.44.

Insider Activity at Match Group

In related news, Director Ann Mcdaniel sold 5,423 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total value of $203,796.34. Following the completion of the transaction, the director owned 21,926 shares of the company's stock, valued at approximately $823,979.08. The trade was a 19.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen Bailey sold 12,500 shares of the company's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $36.72, for a total transaction of $459,000.00. Following the transaction, the director directly owned 8,058 shares of the company's stock, valued at approximately $295,889.76. This represents a 60.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,454 shares of company stock valued at $907,839. 0.64% of the stock is owned by insiders.

Match Group Trading Up 1.6%

Shares of NASDAQ:MTCH traded up $0.60 during midday trading on Monday, hitting $38.77. 4,217,958 shares of the stock were exchanged, compared to its average volume of 4,681,591. The stock has a market cap of $9.33 billion, a P/E ratio of 19.10, a PEG ratio of 0.76 and a beta of 1.36. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $39.20. The company has a 50 day moving average price of $35.01 and a 200-day moving average price of $31.94.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $0.76 annualized dividend and a yield of 2.0%. Match Group's payout ratio is presently 37.44%.

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.