Wellington Management Group LLP Makes New $1.50 Million Investment in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Wellington Management Group LLP acquired a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 43,919 shares of the company's stock, valued at approximately $1,498,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC boosted its stake 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 worth $28,000 after purchasing an additional 831 shares during the period. Glass Jacobson Investment Advisors llc boosted its stake in 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 worth $31,000 after purchasing an additional 701 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at $34,000. AlphaQuest LLC boosted its stake in shares of Trump Media & Technology Group by 140.7% during the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock valued at $40,000 after buying an additional 681 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of 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 valued at $42,000 after buying an additional 561 shares during the period. Institutional investors and hedge funds own 4.29% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Trump Media & Technology Group from a "hold" rating to a "sell" rating in a research note on Friday.

Trump Media & Technology Group Trading Up 3.9%

Shares of NASDAQ:DJT traded up $0.78 during trading on Friday, reaching $20.90. 7,035,459 shares of the company traded hands, compared to its average volume of 16,358,331. The firm has a fifty day simple moving average of $22.61 and a 200 day simple moving average of $27.56. Trump Media & Technology Group Corp. has a 1-year low of $11.75 and a 1-year high of $54.68. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported ($0.14) earnings per share (EPS) 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%. The company had revenue of $821.20 million for the quarter.

Insider Activity at Trump Media & Technology Group

In related news, CEO Devin G. Nunes sold 59,483 shares of Trump Media & Technology Group stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $26.46, for a total value of $1,573,920.18. Following the completion of the sale, the chief executive officer now owns 1,148,705 shares of the company's stock, valued at approximately $30,394,734.30. The trade was a 4.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the completion of the sale, the director now directly owns 38,989 shares of the company's stock, valued at approximately $763,014.73. The trade was a 11.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,365 shares of company stock valued at $5,410,300. Insiders own 53.00% of the company's stock.

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.