Trump Media & Technology Group Corp. $DJT Shares Sold by UBS Group AG

UBS Group AG cut its holdings in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 41.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 715,936 shares of the company’s stock after selling 497,782 shares during the period. UBS Group AG owned 0.26% of Trump Media & Technology Group worth $9,479,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Daiwa Securities Group Inc. increased its position in shares of Trump Media & Technology Group by 68.4% during the second quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company’s stock worth $54,000 after purchasing an additional 1,223 shares in the last quarter. CI Investments Inc. increased its position in shares of Trump Media & Technology Group by 1,783.4% during the third quarter. CI Investments Inc. now owns 3,296 shares of the company’s stock worth $54,000 after purchasing an additional 3,121 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of Trump Media & Technology Group by 40.7% during the second quarter. Rakuten Securities Inc. now owns 3,466 shares of the company’s stock worth $63,000 after purchasing an additional 1,002 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Trump Media & Technology Group by 202.6% during the second quarter. Russell Investments Group Ltd. now owns 3,755 shares of the company’s stock worth $68,000 after purchasing an additional 2,514 shares in the last quarter. Finally, Strs Ohio increased its position in shares of Trump Media & Technology Group by 54.8% during the third quarter. Strs Ohio now owns 3,835 shares of the company’s stock worth $63,000 after purchasing an additional 1,358 shares in the last quarter. 4.29% of the stock is owned by institutional investors and hedge funds.

Trump Media & Technology Group Stock Performance

Shares of DJT opened at $8.67 on Friday. The business’s 50-day moving average is $9.39 and its two-hundred day moving average is $11.40. The company has a market capitalization of $2.40 billion, a P/E ratio of -2.10 and a beta of 4.15. Trump Media & Technology Group Corp. has a fifty-two week low of $8.31 and a fifty-two week high of $27.00.

Trump Media & Technology Group (NASDAQ:DJT) last announced its quarterly earnings results on Friday, May 8th. The company reported $999.00 earnings per share for the quarter. The company had revenue of $0.87 million for the quarter. Trump Media & Technology Group had a negative return on equity of 51.57% and a negative net margin of 29,103.62%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trump Media & Technology Group in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Trump Media & Technology Group Profile

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.