BlackRock Inc. Invests $101.68 Million in Trump Media & Technology Group Corp. $DJT

Key Points

• BlackRock acquired 13.14 million shares of Trump Media & Technology Group in the second quarter, valued at approximately $101.7 million and representing about 4.75% of the company.
• Other institutional investors, including Russell Investments and Invesco, also increased their holdings; institutional investors and hedge funds collectively own 4.29% of DJT shares.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (D-)” rating, and MarketBeat reports a consensus “Sell” rating. DJT opened at $9.64, with a market capitalization of $2.68 billion and a 52-week range of $6.96 to $18.00.

BlackRock Inc. bought a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,137,403 shares of the company's stock, valued at approximately $101,684,000. BlackRock Inc. owned approximately 4.75% of Trump Media & Technology Group at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in Trump Media & Technology Group during the first quarter valued at $940,000. NewEdge Advisors LLC raised its position in shares of Trump Media & Technology Group by 31.9% in the first quarter. NewEdge Advisors LLC now owns 4,957 shares of the company's stock worth $97,000 after acquiring an additional 1,200 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Trump Media & Technology Group by 20.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company's stock worth $4,264,000 after acquiring an additional 37,367 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Trump Media & Technology Group by 202.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,755 shares of the company's stock worth $68,000 after acquiring an additional 2,514 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Trump Media & Technology Group by 74.5% during the 2nd quarter. Invesco Ltd. now owns 112,855 shares of the company's stock worth $2,036,000 after acquiring an additional 48,199 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Trump Media & Technology Group in a report on Friday, July 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Sell".

Trump Media & Technology Group Stock Performance

Trump Media & Technology Group stock opened at $9.64 on Friday. The stock has a market capitalization of $2.68 billion, a P/E ratio of -1.97 and a beta of 4.07. The company's fifty day moving average price is $8.92 and its 200 day moving average price is $9.22. Trump Media & Technology Group Corp. has a 1 year low of $6.96 and a 1 year high of $18.00.

Trump Media & Technology Group Company 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.

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