Representative Jefferson Shreve (R-Indiana) recently bought shares of Match Group, Inc. NASDAQ: MTCH. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Match Group stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
- Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
- Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
- Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.
Match Group Price Performance
MTCH traded up $0.27 during trading on Tuesday, reaching $28.67. The company had a trading volume of 3,168,017 shares, compared to its average volume of 4,905,634. The business's fifty day moving average price is $29.98 and its 200 day moving average price is $31.98. Match Group, Inc. has a 12 month low of $26.39 and a 12 month high of $38.84. The company has a market cap of $7.18 billion, a P/E ratio of 14.19, a PEG ratio of 0.82 and a beta of 1.42.
Match Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Thursday, July 3rd. Match Group's dividend payout ratio (DPR) is currently 37.62%.
Insider Activity
In other news, President Gary Swidler sold 242,209 shares of the company's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the completion of the sale, the president now owns 1,690 shares of the company's stock, valued at $55,533.40. This represents a 99.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Spencer M. Rascoff purchased 70,885 shares of the stock in a transaction dated Friday, May 9th. The shares were acquired at an average price of $28.05 per share, with a total value of $1,988,324.25. Following the completion of the acquisition, the chief executive officer now owns 137,478 shares in the company, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.77% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in MTCH. Franklin Resources Inc. boosted its stake in Match Group by 9.0% during the third quarter. Franklin Resources Inc. now owns 276,775 shares of the technology company's stock worth $10,459,000 after acquiring an additional 22,887 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Match Group during the fourth quarter valued at about $250,000. Nordea Investment Management AB grew its stake in shares of Match Group by 56.8% in the 4th quarter. Nordea Investment Management AB now owns 2,390,194 shares of the technology company's stock worth $78,733,000 after buying an additional 866,026 shares in the last quarter. Czech National Bank lifted its holdings in shares of Match Group by 3.6% in the 4th quarter. Czech National Bank now owns 54,442 shares of the technology company's stock worth $1,781,000 after acquiring an additional 1,907 shares during the last quarter. Finally, Palliser Capital UK Ltd lifted its holdings in Match Group by 76.9% during the 4th quarter. Palliser Capital UK Ltd now owns 233,594 shares of the technology company's stock valued at $7,641,000 after buying an additional 101,563 shares in the last quarter. 94.05% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on MTCH. Bank of America decreased their price target on Match Group from $36.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on Match Group from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday. Citigroup decreased their price target on shares of Match Group from $31.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday. Hsbc Global Res cut Match Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, HSBC cut Match Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Match Group currently has a consensus rating of "Hold" and an average price target of $35.91.
Get Our Latest Stock Analysis on MTCH
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
Match Group Company Profile
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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.
Further Reading
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