LPL Financial LLC Lowers Stock Position in Trump Media & Technology Group Corp. $DJT

LPL Financial LLC reduced its stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 3.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,914 shares of the company’s stock after selling 4,298 shares during the quarter. LPL Financial LLC owned about 0.06% of Trump Media & Technology Group worth $2,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of DJT. Amalgamated Bank grew its holdings in shares of Trump Media & Technology Group by 15.6% in the first quarter. Amalgamated Bank now owns 4,821 shares of the company’s stock worth $94,000 after purchasing an additional 651 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Trump Media & Technology Group in the fourth quarter worth approximately $950,000. Parallel Advisors LLC grew its holdings in shares of Trump Media & Technology Group by 93.8% in the first quarter. Parallel Advisors LLC now owns 2,391 shares of the company’s stock worth $47,000 after purchasing an additional 1,157 shares during the last quarter. Captrust Financial Advisors bought a new stake in Trump Media & Technology Group in the fourth quarter valued at $291,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Trump Media & Technology Group by 1.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,031 shares of the company’s stock valued at $802,000 after acquiring an additional 530 shares in the last quarter. 4.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Trump Media & Technology Group

In other news, Director Eric Swider sold 8,500 shares of the company’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $21.41, for a total transaction of $181,985.00. Following the completion of the sale, the director owned 17,489 shares of the company’s stock, valued at $374,439.49. This represents a 32.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 53.00% of the company’s stock.

Trump Media & Technology Group Stock Performance

Shares of DJT stock opened at $18.41 on Tuesday. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $54.68. The stock has a market cap of $5.10 billion, a PE ratio of -37.57 and a beta of 4.68. The company has a current ratio of 132.60, a quick ratio of 132.60 and a debt-to-equity ratio of 0.41. The company’s fifty day moving average price is $18.36 and its 200-day moving average price is $21.68.

Trump Media & Technology Group (NASDAQ:DJT) last posted its quarterly earnings results on Friday, August 1st. The company reported ($0.08) earnings per share (EPS) for the quarter. Trump Media & Technology Group had a negative return on equity of 8.86% and a negative net margin of 2,922.66%. The company had revenue of $0.88 million during the quarter.

Trump Media & Technology Group declared that its board has authorized a stock buyback program on Monday, June 23rd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to repurchase up to 10.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Trump Media & Technology Group from a “hold” rating to a “sell” rating in a report on Friday, June 6th.

Trump Media & Technology Group Profile

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.