Schonfeld Strategic Advisors LLC Increases Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Schonfeld Strategic Advisors LLC grew its holdings in shares of Match Group, Inc. (NASDAQ:MTCH - Free Report) by 225.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,102 shares of the technology company's stock after purchasing an additional 16,698 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Match Group were worth $788,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in Match Group by 17.0% during the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock worth $211,818,000 after purchasing an additional 939,078 shares during the last quarter. Invesco Ltd. boosted its stake in Match Group by 25.3% during the 4th quarter. Invesco Ltd. now owns 5,827,217 shares of the technology company's stock worth $190,608,000 after purchasing an additional 1,174,889 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Match Group by 110.5% during the 4th 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 last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of Match Group by 11.0% during the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 5,467,257 shares of the technology company's stock valued at $178,834,000 after acquiring an additional 541,556 shares during the last quarter. Finally, Mawer Investment Management Ltd. boosted its position 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 valued at $171,889,000 after acquiring an additional 4,611,598 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Buying and Selling

In other Match Group news, President Gary Swidler sold 242,209 shares of the company's 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 transaction, the president now directly owns 1,690 shares in the company, valued at approximately $55,533.40. This represents a 99.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Spencer M. Rascoff bought 70,885 shares of the 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 position. The disclosure for this purchase can be found here. Corporate insiders own 0.77% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Match Group from a "hold" rating to a "buy" rating in a research report on Friday. Stifel Nicolaus reduced their price objective on shares of Match Group from $35.00 to $29.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Citigroup reduced their price objective on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a report on Friday. Wells Fargo & Company reduced their price objective on shares of Match Group from $32.00 to $31.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Finally, Evercore ISI reduced their price objective on shares of Match Group from $35.00 to $32.00 and set an "in-line" rating on the stock in a report on Monday. Fifteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $35.91.

Match Group Stock Up 1.4%

Shares of NASDAQ MTCH traded up $0.40 during mid-day trading on Tuesday, hitting $28.80. 7,160,580 shares of the company were exchanged, compared to its average volume of 4,921,224. The stock has a 50 day simple moving average of $29.98 and a 200-day simple moving average of $31.98. Match Group, Inc. has a 1-year low of $26.39 and a 1-year high of $38.84. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42.

Match Group Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio is presently 37.62%.

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.