Lazard Asset Management LLC Acquires 80,855 Shares of Match Group, Inc. (NASDAQ:MTCH)

Lazard Asset Management LLC grew its holdings in Match Group, Inc. (NASDAQ:MTCH) by 24.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 410,938 shares of the technology company’s stock after purchasing an additional 80,855 shares during the quarter. Lazard Asset Management LLC owned about 0.15% of Match Group worth $14,908,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTCH. Robeco Institutional Asset Management B.V. increased its position in Match Group by 54.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 85,777 shares of the technology company’s stock valued at $3,131,000 after acquiring an additional 30,229 shares in the last quarter. Norges Bank acquired a new stake in shares of Match Group in the 4th quarter valued at $112,903,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Match Group during the fourth quarter worth $5,503,000. FORA Capital LLC acquired a new position in shares of Match Group during the first quarter valued at $2,410,000. Finally, Nordea Investment Management AB raised its holdings in Match Group by 20.8% during the 1st quarter. Nordea Investment Management AB now owns 1,262,946 shares of the technology company’s stock worth $46,072,000 after purchasing an additional 217,760 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

Match Group Stock Up 0.2 %

Shares of NASDAQ:MTCH opened at $33.33 on Monday. Match Group, Inc. has a 12-month low of $27.66 and a 12-month high of $49.24. The business has a 50 day moving average of $31.23 and a 200-day moving average of $33.44. The stock has a market cap of $8.85 billion, a PE ratio of 14.46, a P/E/G ratio of 0.56 and a beta of 1.49.

Match Group (NASDAQ:MTCH) last issued its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Match Group had a negative return on equity of 433.59% and a net margin of 19.03%. The firm had revenue of $860.00 million for the quarter, compared to analyst estimates of $855.77 million. During the same period in the prior year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts expect that Match Group, Inc. will post 2.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank of Canada lowered their price target on shares of Match Group from $43.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Match Group from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. KeyCorp reduced their price target on Match Group from $50.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Wells Fargo & Company dropped their price objective on Match Group from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, May 9th. Finally, UBS Group reduced their target price on Match Group from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.79.

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.