Rep. Jefferson Shreve Sells Match Group Inc. (NASDAQ:MTCH) Stock

Representative Jefferson Shreve (R-Indiana) recently sold shares of Match Group Inc. NASDAQ: MTCH. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Match Group stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Match Group Trading Up 1.4%

Shares of MTCH traded up $0.48 on Friday, reaching $34.56. 3,734,251 shares of the company's stock traded hands, compared to its average volume of 3,528,715. The stock's 50 day simple moving average is $31.39 and its two-hundred day simple moving average is $31.38. The stock has a market cap of $8.65 billion, a PE ratio of 17.11, a PEG ratio of 0.76 and a beta of 1.34. Match Group Inc. has a 52-week low of $26.39 and a 52-week high of $38.84.

Match Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Thursday, July 3rd. Match Group's dividend payout ratio is presently 37.62%.

Analysts Set New Price Targets

MTCH has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on Match Group from $31.00 to $30.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. UBS Group boosted 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. Wells Fargo & Company increased their price target on shares of Match Group from $31.00 to $32.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Bank of America lowered their price objective on shares of Match Group from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, Stifel Nicolaus reduced their target price on shares of Match Group from $35.00 to $29.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Match Group has a consensus rating of "Hold" and a consensus target price of $36.16.

Institutional Investors Weigh In On Match Group

A number of institutional investors and hedge funds have recently made changes to their positions in MTCH. Starboard Value LP grew its stake in shares of 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 acquiring an additional 5,100,824 shares during the period. Mawer Investment Management Ltd. lifted its stake in Match Group by 716.8% in the 4th quarter. Mawer Investment Management Ltd. now owns 5,254,933 shares of the technology company's stock valued at $171,889,000 after buying an additional 4,611,598 shares in the last quarter. Nuveen LLC acquired a new stake in Match Group in the 1st quarter worth about $142,281,000. Invesco Ltd. increased its stake in Match Group by 64.2% during the 1st quarter. Invesco Ltd. now owns 9,565,726 shares of the technology company's stock worth $298,451,000 after buying an additional 3,738,509 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Match Group in the fourth quarter valued at approximately $112,176,000. Institutional investors and hedge funds own 94.05% of the company's stock.

Insider Activity

In other news, CEO Spencer M. Rascoff acquired 70,885 shares of the firm's stock in a transaction on Friday, May 9th. The shares were bought at an average price 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 of the company's stock, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.64% of the stock is owned by corporate insiders.

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

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.