UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $6.17 Million Stake in Trump Media & Technology Group Corp. (NASDAQ:DJT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) by 85.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,843 shares of the company's stock after acquiring an additional 83,112 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.08% of Trump Media & Technology Group worth $6,167,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DJT. GeoWealth Management LLC increased its holdings in Trump Media & Technology Group by 41,550.0% in the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company's stock valued at $28,000 after purchasing an additional 831 shares in the last quarter. Glass Jacobson Investment Advisors llc increased its holdings in shares of Trump Media & Technology Group by 350.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company's stock valued at $31,000 after acquiring an additional 701 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trump Media & Technology Group during the fourth quarter worth $34,000. AlphaQuest LLC lifted its holdings in Trump Media & Technology Group by 140.7% in the fourth quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock worth $40,000 after acquiring an additional 681 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Trump Media & Technology Group by 85.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company's stock worth $42,000 after buying an additional 561 shares during the last quarter. Institutional investors and hedge funds own 4.29% of the company's stock.

Insider Activity

In related news, Director Eric Swider sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $26.65, for a total transaction of $79,950.00. Following the completion of the sale, the director now directly owns 25,989 shares in the company, valued at approximately $692,606.85. This trade represents a 10.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Devin G. Nunes sold 59,483 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $26.46, for a total value of $1,573,920.18. Following the completion of the transaction, the chief executive officer now directly owns 1,148,705 shares in the company, valued at approximately $30,394,734.30. The trade was a 4.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,365 shares of company stock worth $5,410,300. Insiders own 53.00% of the company's stock.

Trump Media & Technology Group Price Performance

Trump Media & Technology Group stock traded down $1.68 during midday trading on Thursday, hitting $20.20. The company's stock had a trading volume of 7,864,719 shares, compared to its average volume of 16,208,709. The stock's 50-day moving average price is $22.58 and its 200-day moving average price is $27.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $54.68.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last released its earnings results on Friday, May 9th. The company reported ($0.14) EPS for the quarter. The business had revenue of $821.20 million for the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Trump Media & Technology Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.