Flossbach Von Storch SE Has $24.02 Million Holdings in Match Group, Inc. (NASDAQ:MTCH)

Flossbach Von Storch SE raised its holdings in shares of Match Group, Inc. (NASDAQ:MTCH) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 734,395 shares of the technology company’s stock after buying an additional 62,900 shares during the quarter. Flossbach Von Storch SE owned about 0.29% of Match Group worth $24,022,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. State Street Corp lifted its holdings in shares of Match Group by 2.3% during the third quarter. State Street Corp now owns 17,672,611 shares of the technology company’s stock worth $668,732,000 after buying an additional 391,977 shares during the last quarter. Starboard Value LP acquired a new position in shares of Match Group during the third quarter worth approximately $361,605,000. Pacer Advisors Inc. increased its position in shares of Match Group by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company’s stock valued at $211,818,000 after purchasing an additional 939,078 shares during the period. FMR LLC increased its position in shares of Match Group by 10.4% during the third quarter. FMR LLC now owns 5,540,916 shares of the technology company’s stock valued at $209,668,000 after purchasing an additional 524,144 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Match Group by 56.8% during the fourth quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company’s stock valued at $78,733,000 after purchasing an additional 866,026 shares during the period. 94.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Loop Capital lowered their price objective on Match Group from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, December 12th. Stifel Nicolaus lowered their target price on shares of Match Group from $36.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, February 6th. UBS Group decreased their price objective on shares of Match Group from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, December 12th. Hsbc Global Res lowered shares of Match Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered shares of Match Group from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.68.

Match Group Trading Down 2.2 %

MTCH opened at $34.47 on Thursday. The stock has a market capitalization of $8.66 billion, a P/E ratio of 17.06, a P/E/G ratio of 0.85 and a beta of 1.45. Match Group, Inc. has a 12 month low of $27.66 and a 12 month high of $38.84. The firm’s fifty day simple moving average is $33.20 and its 200 day simple moving average is $34.63.

Match Group (NASDAQ:MTCH) last posted its quarterly earnings data on Tuesday, February 4th. The technology company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. On average, equities research analysts predict that Match Group, Inc. will post 2.44 EPS for the current fiscal year.

Match Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be paid a $0.19 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.76 annualized dividend and a yield of 2.20%. Match Group’s payout ratio is currently 37.62%.

Match Group declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the technology company to purchase up to 19% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of Match Group stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $31.61, for a total value of $25,319.61. Following the sale, the director now directly owns 12,398 shares in the company, valued at approximately $391,900.78. The trade was a 6.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.77% of the company’s stock.

About Match Group

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.