Trump Media & Technology Group Corp. $DJT Position Raised by State Street Corp

Key Points

• State Street increased its DJT position by 32% in the second quarter, adding 1,015,305 shares to hold 4,191,672 shares valued at approximately $32.4 million.
• Other institutions, including BlackRock, Yorkville Advisors and Bank of New York Mellon, also established or expanded positions; institutional investors collectively own 4.29% of the company.
• Analyst sentiment remains negative, with ratings lowered to “strong sell” and “sell,” while DJT shares opened at $9.10 and remain well below their 52-week high of $17.97.

State Street Corp boosted its holdings in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) by 32.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,191,672 shares of the company's stock after buying an additional 1,015,305 shares during the period. State Street Corp owned approximately 1.51% of Trump Media & Technology Group worth $32,444,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Trump Media & Technology Group in the 2nd quarter valued at about $101,684,000. Yorkville Advisors Global LP purchased a new position in shares of Trump Media & Technology Group during the second quarter worth about $17,618,903. Clear Street Group Inc. grew its holdings in shares of Trump Media & Technology Group by 323,356.9% during the fourth quarter. Clear Street Group Inc. now owns 1,297,062 shares of the company's stock worth $17,173,000 after purchasing an additional 1,296,661 shares in the last quarter. Anson Funds Management LP bought a new position in shares of Trump Media & Technology Group in the first quarter worth approximately $6,598,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Trump Media & Technology Group in the second quarter worth approximately $4,047,000. 4.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Trump Media & Technology Group to a "strong sell" rating in a research report on Saturday, September 5th. Weiss Ratings lowered shares of Trump Media & Technology Group from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Trump Media & Technology Group presently has a consensus rating of "Sell".

Trump Media & Technology Group Stock Up 0.4%

Shares of NASDAQ:DJT opened at $9.10 on Friday. The stock has a market cap of $2.53 billion, a PE ratio of -1.86 and a beta of 4.05. The company's fifty day moving average is $9.20 and its 200 day moving average is $8.98. Trump Media & Technology Group Corp. has a 52 week low of $6.96 and a 52 week high of $17.97.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. is a technology and media company focused on developing digital platforms and services intended to support free expression and alternative media. The company is best known for Truth Social, a social-media platform that enables users to create profiles, publish posts, follow other users and engage with content.

Through its TMTG+ business, the company has also pursued streaming media offerings, including video-on-demand and live-streaming content.

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