Deutsche Bank AG Makes New $1.33 Million Investment in Trump Media & Technology Group Corp. $DJT

Key Points

• Deutsche Bank AG acquired 171,605 shares of Trump Media & Technology Group during the second quarter, worth approximately $1.33 million and representing about 0.06% of the company.
• Institutional investors own approximately 4.29% of DJT, with several smaller funds also initiating or increasing positions.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (D-)” rating, while the stock opened at $9.64 and has a market capitalization of about $2.68 billion.

Deutsche Bank AG bought a new stake in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 171,605 shares of the company's stock, valued at approximately $1,328,000. Deutsche Bank AG owned approximately 0.06% of Trump Media & Technology Group at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Motiv8 Investments LLC bought a new stake in shares of Trump Media & Technology Group during the 4th quarter worth $30,000. Global Assets Advisory LLC purchased a new stake in Trump Media & Technology Group during the first quarter valued at about $34,000. Root Financial Partners LLC increased its position in shares of Trump Media & Technology Group by 44,011.1% during the 1st quarter. Root Financial Partners LLC now owns 3,970 shares of the company's stock valued at $37,000 after purchasing an additional 3,961 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Trump Media & Technology Group during the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC raised its holdings in shares of Trump Media & Technology Group by 70.7% during the 4th quarter. Larson Financial Group LLC now owns 3,104 shares of the company's stock valued at $41,000 after buying an additional 1,286 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Trump Media & Technology Group in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Trump Media & Technology Group currently has an average rating of "Sell".

Trump Media & Technology Group Trading Down 1.3%

Shares of Trump Media & Technology Group stock opened at $9.64 on Friday. Trump Media & Technology Group Corp. has a 12-month low of $6.96 and a 12-month high of $18.00. The company's fifty day simple moving average is $8.92 and its two-hundred day simple moving average is $9.22. The company has a market cap of $2.68 billion, a P/E ratio of -1.97 and a beta of 4.07.

About Trump Media & Technology Group

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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