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

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 Trading Up 4.4%

Shares of NASDAQ MTCH traded up $1.20 during midday trading on Monday, reaching $28.38. The company had a trading volume of 3,603,837 shares, compared to its average volume of 4,897,813. Match Group, Inc. has a 1 year low of $26.39 and a 1 year high of $38.84. The business’s 50-day simple moving average is $30.05 and its 200 day simple moving average is $32.04. The stock has a market cap of $7.11 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.82 and a beta of 1.42.

Match Group Announces Dividend

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 given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.68%. The ex-dividend date is Thursday, July 3rd. Match Group’s dividend payout ratio is presently 37.62%.

Insider Activity

In related news, President Gary Swidler sold 242,209 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.86, for a total transaction of $7,958,987.74. Following the sale, the president now owns 1,690 shares of the company’s stock, valued at $55,533.40. This trade represents a 99.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Spencer M. Rascoff acquired 70,885 shares of the stock in a transaction dated Friday, May 9th. The shares were bought at an average cost of $28.05 per share, with a total value of $1,988,324.25. Following the completion of the purchase, the chief executive officer now directly owns 137,478 shares in the company, valued at approximately $3,856,257.90. This trade represents a 106.45% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

MTCH has been the subject of a number of recent research reports. StockNews.com upgraded Match Group from a “hold” rating to a “buy” rating in a research note on Friday. Bank of America lowered their price target on shares of Match Group from $36.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Hsbc Global Res cut shares of Match Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their target price on Match Group from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Citigroup reduced their price target on Match Group from $31.00 to $30.00 and set a “neutral” rating for the company in a report on Friday. Fifteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Match Group presently has a consensus rating of “Hold” and an average target price of $35.91.

Institutional Investors Weigh In On Match Group

A number of large investors have recently bought and sold shares of MTCH. Metis Global Partners LLC grew its holdings in Match Group by 3.0% in the fourth quarter. Metis Global Partners LLC now owns 10,956 shares of the technology company’s stock valued at $358,000 after purchasing an additional 318 shares during the last quarter. Applied Finance Capital Management LLC boosted its position in shares of Match Group by 5.1% in the 1st quarter. Applied Finance Capital Management LLC now owns 6,880 shares of the technology company’s stock worth $215,000 after buying an additional 334 shares in the last quarter. Cornerstone Investment Partners LLC grew its stake in Match Group by 2.2% in the 4th quarter. Cornerstone Investment Partners LLC now owns 15,889 shares of the technology company’s stock valued at $520,000 after acquiring an additional 349 shares during the last quarter. Assetmark Inc. increased its holdings in Match Group by 14.2% during the 4th quarter. Assetmark Inc. now owns 3,035 shares of the technology company’s stock valued at $99,000 after acquiring an additional 378 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in Match Group by 3.9% during the first quarter. Fulton Bank N.A. now owns 10,290 shares of the technology company’s stock worth $321,000 after acquiring an additional 388 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.

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 [email protected] 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.

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.