Northwestern Mutual Wealth Management Co. Boosts Position in Trump Media & Technology Group Corp. $DJT

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 114,382.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 507,159 shares of the company’s stock after acquiring an additional 506,716 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.18% of Trump Media & Technology Group worth $6,715,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of DJT. International Assets Investment Management LLC purchased a new stake in Trump Media & Technology Group in the 4th quarter valued at about $40,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Trump Media & Technology Group by 19.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,952 shares of the company’s stock valued at $224,000 after buying an additional 2,740 shares during the period. SBI Securities Co. Ltd. raised its holdings in Trump Media & Technology Group by 15.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 8,675 shares of the company’s stock valued at $115,000 after buying an additional 1,174 shares during the period. RIA Advisory Group LLC raised its holdings in Trump Media & Technology Group by 7.4% in the 4th quarter. RIA Advisory Group LLC now owns 15,163 shares of the company’s stock valued at $201,000 after buying an additional 1,050 shares during the period. Finally, Sigma Planning Corp purchased a new stake in Trump Media & Technology Group in the 4th quarter valued at about $308,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Stock Performance

Shares of DJT opened at $7.95 on Friday. The firm has a market cap of $2.20 billion, a P/E ratio of -1.93 and a beta of 4.15. Trump Media & Technology Group Corp. has a 12-month low of $7.86 and a 12-month high of $27.00. The company’s 50-day moving average price is $9.16 and its 200 day moving average price is $11.13.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly earnings data on Friday, May 8th. The company reported $999.00 earnings per share (EPS) for the quarter. The firm had revenue of $0.87 million for the quarter. Trump Media & Technology Group had a negative net margin of 29,103.62% and a negative return on equity of 51.57%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Trump Media & Technology Group in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Trump Media & Technology Group has an average rating of “Sell”.

Trump Media & Technology Group 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.