Match Group Inc. (NASDAQ:MTCH) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in Match Group Inc. (NASDAQ:MTCH - Free Report) by 27.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,185 shares of the technology company's stock after selling 90,096 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Match Group worth $7,431,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTCH. Metis Global Partners LLC increased its position in shares of Match Group by 3.0% during the fourth quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company's stock worth $358,000 after acquiring an additional 318 shares during the period. Cornerstone Investment Partners LLC increased its holdings in Match Group by 2.2% during the 4th quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company's stock worth $520,000 after purchasing an additional 349 shares during the period. Assetmark Inc. raised its position in Match Group by 14.2% in the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after purchasing an additional 378 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of 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 period. Finally, Ontario Teachers Pension Plan Board grew its position in shares of Match Group by 1.8% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 23,149 shares of the technology company's stock worth $757,000 after buying an additional 415 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Match Group Stock Performance

NASDAQ MTCH traded up $0.08 during trading on Thursday, reaching $32.52. The company's stock had a trading volume of 2,361,765 shares, compared to its average volume of 4,823,759. The business's fifty day moving average price is $30.25 and its 200-day moving average price is $31.37. Match Group Inc. has a twelve month low of $26.39 and a twelve month high of $38.84. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 0.74 and a beta of 1.34.

Match Group Announces Dividend

The business also recently declared 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. This represents a $0.76 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Analyst Upgrades and Downgrades

MTCH has been the topic of several analyst reports. Barclays reduced their target price 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. Evercore ISI reaffirmed a "cautious" rating and set a $32.00 price objective on shares of Match Group in a research report on Wednesday, May 21st. Bank of America lowered their target price on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Citigroup cut their price target on Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, UBS Group decreased their price target on Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.