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

Siemens Fonds Invest GmbH bought a new position in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,672 shares of the technology company's stock, valued at approximately $382,000.

A number of other large investors have also recently made changes to their positions in the stock. Starboard Value LP boosted its position in Match Group by 53.4% in the 4th quarter. Starboard Value LP now owns 14,656,970 shares of the technology company's stock valued at $479,429,000 after buying an additional 5,100,824 shares during the period. Mawer Investment Management Ltd. raised its stake in shares of Match Group by 716.8% during the fourth quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock valued at $171,889,000 after acquiring an additional 4,611,598 shares in the last quarter. Norges Bank purchased a new stake in shares of Match Group in the fourth quarter valued at approximately $112,176,000. Arrowstreet Capital Limited Partnership grew its stake in Match Group by 110.5% in 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Match Group by 24.2% in the fourth quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company's stock worth $343,427,000 after purchasing an additional 2,042,677 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Match Group Stock Down 1.3%

Shares of Match Group stock traded down $0.40 on Friday, hitting $29.78. 3,022,715 shares of the company were exchanged, compared to its average volume of 4,896,880. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. The company has a 50-day moving average price of $29.51 and a 200 day moving average price of $31.51. Match Group, Inc. has a 1-year low of $26.39 and a 1-year high of $38.84.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is currently 37.62%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MTCH shares. HSBC downgraded Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays dropped their price target on Match Group from $52.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Bank of America dropped their price objective on Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on Match Group from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, UBS Group dropped their price objective on Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $35.91.

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.