Vontobel Holding Ltd. Has $317,000 Holdings in Match Group Inc. (NASDAQ:MTCH)

Vontobel Holding Ltd. lowered its position in Match Group Inc. (NASDAQ:MTCH - Free Report) by 81.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,159 shares of the technology company's stock after selling 44,911 shares during the quarter. Vontobel Holding Ltd.'s holdings in Match Group were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Match Group by 7.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,132 shares of the technology company's stock valued at $1,015,000 after buying an additional 2,429 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Match Group by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,667,907 shares of the technology company's stock valued at $87,267,000 after buying an additional 69,947 shares during the period. QRG Capital Management Inc. increased its stake in Match Group by 34.0% in the 1st quarter. QRG Capital Management Inc. now owns 15,897 shares of the technology company's stock valued at $496,000 after buying an additional 4,035 shares during the period. GAMMA Investing LLC increased its stake in Match Group by 79.2% in the 1st quarter. GAMMA Investing LLC now owns 9,255 shares of the technology company's stock valued at $289,000 after buying an additional 4,090 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Match Group by 14.2% during the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company's stock worth $99,000 after purchasing an additional 378 shares during the period. Hedge funds and other institutional investors own 94.05% of the company's stock.

Match Group Price Performance

MTCH traded up $0.30 during trading hours on Wednesday, hitting $32.74. 90,818 shares of the stock were exchanged, compared to its average volume of 4,810,494. The stock has a 50-day simple moving average of $30.43 and a 200-day simple moving average of $31.37. Match Group Inc. has a 12 month low of $26.39 and a 12 month high of $38.84. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 0.70 and a beta of 1.34.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.32%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is presently 37.62%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MTCH. Evercore ISI reaffirmed a "cautious" rating and set a $32.00 price target on shares of Match Group in a research note on Wednesday, May 21st. Barclays decreased their price objective on shares of Match Group from $52.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Morgan Stanley decreased their price objective on shares of Match Group from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. UBS Group reduced their target price on shares of Match Group from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Finally, Wall Street Zen lowered shares of Match Group from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. One 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 stock currently has an average rating of "Hold" and an average target price of $35.96.

Insider Transactions at Match Group

In related news, CEO Spencer M. Rascoff bought 70,885 shares of the business's 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 completion of the purchase, the chief executive officer owned 137,478 shares of the company's stock, valued at $3,856,257.90. This represents a 106.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.64% of the stock is owned by company insiders.

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.