Siemens Fonds Invest GmbH Makes New $382,000 Investment in Match Group, Inc. (NASDAQ:MTCH)

Siemens Fonds Invest GmbH acquired a new stake in shares of Match Group, Inc. (NASDAQ:MTCH) during the 4th quarter, HoldingsChannel reports. The fund acquired 11,672 shares of the technology company’s stock, valued at approximately $382,000.

Several other institutional investors have also modified their holdings of MTCH. Canada Post Corp Registered Pension Plan acquired a new position in Match Group in the 4th quarter valued at $43,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of 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 buying an additional 1,512 shares in the last quarter. Assetmark Inc. raised its position in shares of 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 buying an additional 378 shares during the last quarter. Principal Securities Inc. lifted its stake in shares of Match Group by 420.3% in the fourth quarter. Principal Securities Inc. now owns 3,283 shares of the technology company’s stock worth $107,000 after buying an additional 2,652 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Match Group in the fourth quarter worth about $116,000. Institutional investors and hedge funds own 94.05% of the company’s stock.

Wall Street Analyst Weigh In

MTCH has been the subject of several research reports. HSBC cut shares of Match Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Evercore ISI dropped their price target on Match Group from $35.00 to $32.00 and set an “in-line” rating for the company in a research report on Monday, May 12th. Bank of America reduced 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. Barclays dropped their target price on Match Group from $52.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. reduced their price target on Match Group from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, May 9th. Sixteen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $35.91.

Insider Activity

In other Match Group news, CEO Spencer M. Rascoff acquired 70,885 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of $28.05 per share, for a total transaction of $1,988,324.25. Following the completion of the acquisition, the chief executive officer now owns 137,478 shares of the company’s stock, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Gary Swidler sold 242,209 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

Match Group Stock Performance

Match Group stock opened at $29.25 on Friday. The company has a market capitalization of $7.33 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42. Match Group, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $38.84. The firm has a 50 day moving average price of $29.77 and a 200 day moving average price of $31.80.

Match Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.60%. Match Group’s 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.