Robeco Institutional Asset Management B.V. Grows Stock Holdings in Match Group, Inc. (NASDAQ:MTCH)

Robeco Institutional Asset Management B.V. increased its holdings in Match Group, Inc. (NASDAQ:MTCH - Free Report) by 330.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 328,281 shares of the technology company's stock after buying an additional 252,078 shares during the period. Robeco Institutional Asset Management B.V. owned 0.13% of Match Group worth $10,738,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MTCH. Pacer Advisors Inc. boosted its position in shares of Match Group by 17.0% during the 4th quarter. Pacer Advisors Inc. now owns 6,475,636 shares of the technology company's stock valued at $211,818,000 after acquiring an additional 939,078 shares during the last quarter. Hunter Perkins Capital Management LLC purchased a new stake in Match Group in the fourth quarter valued at approximately $708,000. KBC Group NV lifted its position in Match Group by 3,325.7% during the fourth quarter. KBC Group NV now owns 1,122,906 shares of the technology company's stock valued at $36,730,000 after purchasing an additional 1,090,127 shares during the last quarter. Blue Trust Inc. grew its stake in Match Group by 96.4% in the 4th quarter. Blue Trust Inc. now owns 5,071 shares of the technology company's stock worth $166,000 after buying an additional 2,489 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Match Group by 29.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 51,385 shares of the technology company's stock worth $1,681,000 after buying an additional 11,688 shares during the last quarter. Institutional investors own 94.05% of the company's stock.

Match Group Stock Performance

Shares of Match Group stock traded up $0.49 during trading on Friday, hitting $35.70. The company's stock had a trading volume of 4,195,792 shares, compared to its average volume of 3,326,978. Match Group, Inc. has a 52 week low of $27.66 and a 52 week high of $39.91. The company has a market capitalization of $8.96 billion, a PE ratio of 15.94, a P/E/G ratio of 1.08 and a beta of 1.45. The company has a fifty day simple moving average of $32.80 and a two-hundred day simple moving average of $34.66.

Match Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Monday, January 6th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $0.76 annualized dividend and a dividend yield of 2.13%. Match Group's payout ratio is 33.93%.

Match Group announced that its board has authorized a share repurchase plan on Wednesday, December 11th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the technology company to purchase up to 19% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BTIG Research lowered shares of Match Group from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Bank of America raised their price objective on Match Group from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. Morgan Stanley upped their target price on Match Group from $31.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Loop Capital decreased their price target on shares of Match Group from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday, December 12th. Finally, Stifel Nicolaus cut their price objective on shares of Match Group from $39.00 to $36.00 and set a "hold" rating for the company in a research note on Thursday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Match Group currently has a consensus rating of "Moderate Buy" and an average target price of $37.72.

Insider Transactions at Match Group

In other Match Group news, Director Stephen Bailey sold 801 shares of the business's stock in a transaction on Friday, November 22nd. The stock was 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 of the company's stock, valued at approximately $391,900.78. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.77% of the company's stock.

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.