Siemens Fonds Invest GmbH Makes New Investment in Match Group, Inc. (NASDAQ:MTCH)

Siemens Fonds Invest GmbH purchased a new stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,672 shares of the technology company's stock, valued at approximately $382,000.

Other institutional investors have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. boosted its stake in shares of Match Group by 716.8% during 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 period. Norges Bank bought a new position in Match Group during the 4th quarter worth $112,176,000. Arrowstreet Capital Limited Partnership lifted its position in Match Group by 110.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,624,212 shares of the technology company's stock worth $183,968,000 after purchasing an additional 2,952,470 shares during the period. Ameriprise Financial Inc. increased its holdings in Match Group by 24.2% in the 4th quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock valued at $343,427,000 after buying an additional 2,042,677 shares during the period. Finally, DnB Asset Management AS boosted its holdings in shares of Match Group by 4,659.2% in the 4th quarter. DnB Asset Management AS now owns 1,915,093 shares of the technology company's stock valued at $62,643,000 after purchasing an additional 1,874,853 shares in the last quarter. 94.05% of the stock is owned by institutional investors.

Match Group Stock Down 0.9%

Shares of NASDAQ MTCH traded down $0.27 during mid-day trading on Friday, reaching $29.19. 835,551 shares of the company were exchanged, compared to its average volume of 4,905,922. The firm has a 50-day moving average of $29.67 and a 200 day moving average of $31.65. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.82 and a beta of 1.42.

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Insider Activity

In other Match Group news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the transaction, the president now directly owns 1,690 shares in the company, valued at $55,533.40. This represents a 99.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Spencer M. Rascoff purchased 70,885 shares of the firm's stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $28.05 per share, with a total value of $1,988,324.25. Following the transaction, the chief executive officer now directly owns 137,478 shares in the company, valued at $3,856,257.90. This trade represents a 106.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.64% of the company's stock.

Analyst Upgrades and Downgrades

MTCH has been the topic of several recent research reports. Hsbc Global Res downgraded shares of Match Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, February 6th. Stifel Nicolaus decreased their price target on shares of Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Wells Fargo & Company decreased their price objective on Match Group from $32.00 to $31.00 and set an "equal weight" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. lowered their price target on Match Group from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Finally, Barclays decreased their price target 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. One investment 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $35.91.

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.