Robeco Institutional Asset Management B.V. Sells 51,880 Shares of Match Group Inc. $MTCH

Robeco Institutional Asset Management B.V. cut its holdings in shares of Match Group Inc. (NASDAQ:MTCH - Free Report) by 21.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 186,305 shares of the technology company's stock after selling 51,880 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Match Group worth $5,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Stratos Wealth Partners LTD. lifted its stake in shares of Match Group by 5.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 19,671 shares of the technology company's stock valued at $614,000 after buying an additional 939 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Match Group by 7.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,132 shares of the technology company's stock valued at $1,015,000 after acquiring an additional 2,429 shares during the period. Patton Fund Management Inc. purchased a new stake in shares of Match Group during the second quarter worth $226,000. QRG Capital Management Inc. boosted its holdings in shares of 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 during the period. Finally, GAMMA Investing LLC grew its position in shares of Match Group by 79.2% in the first quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company's stock valued at $289,000 after purchasing an additional 4,090 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company's stock.

Analyst Ratings Changes

MTCH has been the topic of a number of recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Match Group in a report on Saturday, September 27th. Susquehanna increased their price target on shares of Match Group from $40.00 to $45.00 and gave the stock a "positive" rating in a report on Thursday, August 7th. UBS Group raised their price objective on shares of Match Group from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company upped their target price on shares of Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Finally, Evercore ISI increased 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 note on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $35.44.

Insider Transactions at Match Group

In other Match Group news, Director Ann Mcdaniel sold 5,423 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $37.58, for a total transaction of $203,796.34. Following the sale, the director owned 21,926 shares in the company, valued at $823,979.08. This trade represents a 19.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Philip D. Eigenmann sold 6,531 shares of Match Group stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $37.52, for a total value of $245,043.12. Following the sale, the chief accounting officer directly owned 23,240 shares of the company's stock, valued at approximately $871,964.80. This trade represents a 21.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,454 shares of company stock valued at $907,839. Insiders own 0.64% of the company's stock.

Match Group Trading Down 0.9%

MTCH stock opened at $34.00 on Tuesday. The company's 50 day moving average is $36.67 and its 200 day moving average is $32.71. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.68 and a beta of 1.38. Match Group Inc. has a 1-year low of $26.39 and a 1-year high of $39.20.

Match Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Friday, October 3rd. This represents a $0.76 annualized dividend and a dividend yield of 2.2%. Match Group's dividend payout ratio (DPR) is 37.44%.

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.

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