Erste Asset Management GmbH Increases Stock Position in Match Group Inc. $MTCH

Erste Asset Management GmbH raised its holdings in shares of Match Group Inc. (NASDAQ:MTCH) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,331 shares of the technology company’s stock after acquiring an additional 15,425 shares during the period. Erste Asset Management GmbH’s holdings in Match Group were worth $3,250,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fieldview Capital Management LLC purchased a new position in shares of Match Group in the third quarter worth $1,803,000. GSA Capital Partners LLP boosted its holdings in Match Group by 327.7% in the third quarter. GSA Capital Partners LLP now owns 50,252 shares of the technology company’s stock valued at $1,775,000 after acquiring an additional 38,502 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Match Group in the fourth quarter valued at $1,299,000. Russell Investments Group Ltd. boosted its holdings in Match Group by 58.3% in the third quarter. Russell Investments Group Ltd. now owns 1,217,999 shares of the technology company’s stock valued at $43,020,000 after acquiring an additional 448,568 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Match Group by 22.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 625,638 shares of the technology company’s stock valued at $20,202,000 after buying an additional 115,852 shares in the last quarter. 94.05% of the stock is currently owned by institutional investors.

Insider Activity at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $35.94, for a total transaction of $184,767.54. Following the completion of the transaction, the director directly owned 16,218 shares in the company, valued at approximately $582,874.92. This represents a 24.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MTCH shares. Wall Street Zen upgraded shares of Match Group from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Barclays boosted their target price on Match Group from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $43.00 target price on shares of Match Group in a research report on Wednesday, May 6th. UBS Group upped their price target on shares of Match Group from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price target on shares of Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.07.

Match Group Stock Performance

Shares of NASDAQ MTCH opened at $34.72 on Wednesday. The company has a market cap of $8.10 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.55 and a beta of 1.33. The firm’s fifty day moving average is $34.94 and its two-hundred day moving average is $32.90. Match Group Inc. has a 52-week low of $28.81 and a 52-week high of $39.20.

Match Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, July 7th. Match Group’s dividend payout ratio is currently 30.53%.

Match Group Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.