Match Group, Inc. (NASDAQ:MTCH) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,286,945 shares of the technology company's stock after buying an additional 102,830 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.51% of Match Group worth $42,096,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Canada Post Corp Registered Pension Plan bought a new position in Match Group during the fourth quarter worth $43,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Match Group by 30,240.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,517 shares of the technology company's stock worth $50,000 after purchasing an additional 1,512 shares during the last quarter. Assetmark Inc. boosted its stake in Match Group by 14.2% in the fourth quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock valued at $99,000 after acquiring an additional 378 shares during the last quarter. Principal Securities Inc. boosted its stake in Match Group by 420.3% in the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company's stock valued at $107,000 after acquiring an additional 2,652 shares during the last quarter. Finally, State of Wyoming lifted its stake in shares of Match Group by 245.5% during the 4th quarter. State of Wyoming now owns 3,507 shares of the technology company's stock valued at $115,000 after buying an additional 2,492 shares in the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Buying and Selling at Match Group

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

Match Group Stock Down 1.3%

NASDAQ:MTCH traded down $0.38 during trading hours on Friday, hitting $29.80. 705,419 shares of the stock traded hands, compared to its average volume of 4,893,114. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. The stock has a 50 day moving average price of $29.54 and a 200 day moving average price of $31.52. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be given 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 of this dividend is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is 37.62%.

Analyst Ratings Changes

A number of research firms recently weighed in on MTCH. Morgan Stanley decreased their target price on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. UBS Group dropped their target price on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Wall Street Zen cut shares of Match Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Evercore ISI reaffirmed a "cautious" rating and issued a $32.00 target price on shares of Match Group in a research report on Wednesday, May 21st. Finally, Stifel Nicolaus dropped their target price on shares of Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.