Universal Beteiligungs und Servicegesellschaft mbH Sells 62,498 Shares of Match Group Inc. (NASDAQ:MTCH)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in Match Group Inc. (NASDAQ:MTCH) by 39.9% during the first quarter, Holdings Channel reports. The firm owned 94,185 shares of the technology company’s stock after selling 62,498 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Match Group were worth $2,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Starboard Value LP boosted its stake in Match Group by 53.4% during the 4th quarter. Starboard Value LP now owns 14,656,970 shares of the technology company’s stock valued at $479,429,000 after purchasing an additional 5,100,824 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Match Group by 24.2% in the fourth quarter. Ameriprise Financial Inc. now owns 10,499,123 shares of the technology company’s stock valued at $343,427,000 after purchasing an additional 2,042,677 shares in the last quarter. Invesco Ltd. boosted its position in shares of Match Group by 25.3% during the fourth quarter. Invesco Ltd. now owns 5,827,217 shares of the technology company’s stock valued at $190,608,000 after buying an additional 1,174,889 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Match Group by 10.7% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,066,321 shares of the technology company’s stock worth $165,719,000 after buying an additional 487,903 shares in the last quarter. Finally, First Manhattan CO. LLC. raised its position in Match Group by 1.9% in the 4th quarter. First Manhattan CO. LLC. now owns 3,466,894 shares of the technology company’s stock valued at $113,402,000 after buying an additional 63,238 shares during the last quarter. Institutional investors own 94.05% of the company’s stock.

Analysts Set New Price Targets

MTCH has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Match Group from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Morgan Stanley dropped their target price 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. Citigroup reduced their target price on Match Group from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, May 9th. Stifel Nicolaus lowered their target price on Match Group from $35.00 to $29.00 and set a “hold” rating on the stock in a research note on Wednesday, April 23rd. Finally, UBS Group lifted their price target on shares of Match Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $36.16.

Match Group Stock Performance

NASDAQ MTCH opened at $34.06 on Wednesday. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $38.84. The company has a market capitalization of $8.53 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.75 and a beta of 1.34. The company has a fifty day moving average of $31.57 and a 200-day moving average of $31.42.

Match Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, July 3rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.23%. Match Group’s dividend payout ratio is 37.62%.

Insider Transactions at Match Group

In other Match Group news, CEO Spencer M. Rascoff acquired 70,885 shares of the stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $28.05 per share, for a total transaction of $1,988,324.25. Following the acquisition, the chief executive officer owned 137,478 shares in the company, valued at $3,856,257.90. The trade was a 106.45% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by corporate insiders.

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.