UBS Group AG Lowers Stake in Trump Media & Technology Group Corp. $DJT

UBS Group AG reduced its position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 41.0% during the 4th quarter, HoldingsChannel reports. The fund owned 715,936 shares of the company’s stock after selling 497,782 shares during the period. UBS Group AG’s holdings in Trump Media & Technology Group were worth $9,479,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Trump Media & Technology Group by 53.1% during the 3rd quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock worth $243,577,000 after acquiring an additional 5,143,195 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth about $1,167,000. Hohimer Wealth Management LLC purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth about $1,252,000. Xponance Inc. lifted its stake in Trump Media & Technology Group by 58.4% in the 3rd quarter. Xponance Inc. now owns 16,187 shares of the company’s stock valued at $266,000 after buying an additional 5,967 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new position in Trump Media & Technology Group in the 3rd quarter valued at about $430,000. 4.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Trump Media & Technology Group in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Trump Media & Technology Group Price Performance

Shares of NASDAQ DJT opened at $8.67 on Friday. The company has a 50 day simple moving average of $9.39 and a 200-day simple moving average of $11.40. The company has a market capitalization of $2.40 billion, a P/E ratio of -2.10 and a beta of 4.15. Trump Media & Technology Group Corp. has a 1 year low of $8.31 and a 1 year high of $27.00.

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

Trump Media & Technology Group Company 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.