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

Flossbach Von Storch SE grew its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 734,395 shares of the technology company's stock after purchasing 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 filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Venturi Wealth Management LLC boosted its stake in Match Group by 617.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 703 shares of the technology company's stock valued at $27,000 after purchasing an additional 605 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of Match Group during the third quarter worth approximately $31,000. Northwest & Ethical Investments L.P. bought a new stake in shares of Match Group in the third quarter valued at approximately $57,000. Solstein Capital LLC acquired a new stake in shares of Match Group in the third quarter worth $87,000. Finally, Blue Trust Inc. increased its position in Match Group by 1,003.4% during the third quarter. Blue Trust Inc. now owns 2,582 shares of the technology company's stock worth $98,000 after acquiring an additional 2,348 shares during the period. 94.05% of the stock is currently owned by institutional investors.

Match Group Price Performance

Shares of NASDAQ:MTCH traded down $1.10 during trading on Friday, reaching $32.77. The stock had a trading volume of 3,272,464 shares, compared to its average volume of 4,491,525. The stock has a market capitalization of $8.23 billion, a PE ratio of 16.22, a P/E/G ratio of 0.83 and a beta of 1.45. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $38.84. The business's 50-day moving average price is $33.32 and its 200 day moving average price is $34.62.

Match Group (NASDAQ:MTCH - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The technology company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.84 by ($0.22). Match Group had a net margin of 15.84% and a negative return on equity of 574.22%. Analysts forecast that Match Group, Inc. will post 2.44 EPS for the current year.

Match Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.32%. Match Group's dividend payout ratio is 37.62%.

Match Group announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the technology company to reacquire up to 19% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Match Group from $36.00 to $35.00 and set a "hold" rating for the company in a report on Thursday, February 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $35.00 target price on shares of Match Group in a research note on Monday, December 9th. Evercore ISI downgraded Match Group from an "outperform" rating to an "inline" rating and set a $35.00 target price on the stock. in a research report on Thursday, February 6th. Barclays cut their price target on Match Group from $53.00 to $52.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, New Street Research lowered Match Group from a "buy" rating to a "neutral" rating in a report on Monday, December 16th. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $37.68.

Match Group Company 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.