Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 156,683 Match Group, Inc. (NASDAQ:MTCH)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 156,683 shares of the technology company's stock, valued at approximately $5,125,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Match Group at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Polar Asset Management Partners Inc. acquired a new position in Match Group in the fourth quarter worth approximately $8,249,000. Mackenzie Financial Corp grew its stake in Match Group by 6.8% in the 4th quarter. Mackenzie Financial Corp now owns 59,886 shares of the technology company's stock valued at $1,959,000 after buying an additional 3,787 shares during the last quarter. Toronto Dominion Bank lifted its position in Match Group by 4.5% during the 4th quarter. Toronto Dominion Bank now owns 133,580 shares of the technology company's stock worth $4,369,000 after acquiring an additional 5,782 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Match Group by 8.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,286,945 shares of the technology company's stock valued at $42,096,000 after acquiring an additional 102,830 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Match Group by 127.9% in the fourth quarter. Vident Advisory LLC now owns 45,370 shares of the technology company's stock valued at $1,484,000 after purchasing an additional 25,459 shares during the last quarter. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Match Group

In other news, President Gary Swidler sold 242,209 shares of Match Group stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.86, for a total value of $7,958,987.74. Following the transaction, the president now owns 1,690 shares in the company, valued at approximately $55,533.40. This trade represents a 99.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Spencer M. Rascoff bought 70,885 shares of the firm's stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $28.05 per share, for a total transaction of $1,988,324.25. Following the transaction, the chief executive officer now owns 137,478 shares of the company's stock, valued at approximately $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. 0.64% of the stock is owned by company insiders.

Match Group Price Performance

MTCH stock traded up $0.46 during trading hours on Thursday, reaching $31.50. The stock had a trading volume of 3,824,452 shares, compared to its average volume of 4,883,550. The stock has a 50-day simple moving average of $29.47 and a 200 day simple moving average of $31.51. Match Group, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $38.84. The stock has a market capitalization of $7.89 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42.

Match Group Announces Dividend

The firm also recently announced 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 dividend yield of 2.41%. The ex-dividend date is Thursday, July 3rd. Match Group's payout ratio is presently 37.62%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Evercore ISI reaffirmed a "cautious" rating and set a $32.00 target price on shares of Match Group in a research report on Wednesday, May 21st. Stifel Nicolaus cut 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. Hsbc Global Res downgraded shares of Match Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, February 6th. Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Finally, Citigroup decreased their price objective on Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Match Group has an average rating of "Hold" and an average 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.