Trump Media & Technology Group Corp. $DJT Stock Holdings Increased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 49.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,875 shares of the company’s stock after purchasing an additional 1,957 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Trump Media & Technology Group were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in DJT. JPMorgan Chase & Co. lifted its position in shares of Trump Media & Technology Group by 46.0% in the fourth quarter. JPMorgan Chase & Co. now owns 64,452 shares of the company’s stock worth $2,198,000 after purchasing an additional 20,292 shares in the last quarter. Russell Investments Group Ltd. raised its position in Trump Media & Technology Group by 85.1% during the fourth quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company’s stock valued at $42,000 after acquiring an additional 561 shares in the last quarter. Legal & General Group Plc raised its position in Trump Media & Technology Group by 331.5% during the fourth quarter. Legal & General Group Plc now owns 76,197 shares of the company’s stock valued at $2,598,000 after acquiring an additional 58,537 shares in the last quarter. Raymond James Financial Inc. bought a new position in Trump Media & Technology Group during the fourth quarter valued at approximately $950,000. Finally, Sterling Capital Management LLC raised its position in Trump Media & Technology Group by 62.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,408 shares of the company’s stock valued at $82,000 after acquiring an additional 930 shares in the last quarter. 4.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Trump Media & Technology Group Trading Down 5.4%

Shares of DJT stock opened at $17.41 on Wednesday. The business’s 50 day moving average is $18.29 and its two-hundred day moving average is $21.65. The company has a market cap of $4.82 billion, a PE ratio of -35.53 and a beta of 4.68. The company has a quick ratio of 132.60, a current ratio of 132.60 and a debt-to-equity ratio of 0.41. 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) last announced its quarterly earnings data on Friday, August 1st. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $0.88 million during the quarter. Trump Media & Technology Group had a negative return on equity of 8.86% and a negative net margin of 2,922.66%.

Trump Media & Technology Group announced that its Board of Directors has initiated a stock repurchase program on Monday, June 23rd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Director Eric Swider sold 8,500 shares of the firm’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $21.41, for a total value of $181,985.00. Following the sale, the director owned 17,489 shares in the company, valued at approximately $374,439.49. This trade represents a 32.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.