Invesco Ltd. Sells 447,957 Shares of Trump Media & Technology Group Corp. $DJT

Invesco Ltd. cut its position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 87.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,656 shares of the company’s stock after selling 447,957 shares during the period. Invesco Ltd.’s holdings in Trump Media & Technology Group were worth $1,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in Trump Media & Technology Group by 2.6% in the first quarter. Vanguard Group Inc. now owns 9,244,587 shares of the company’s stock valued at $180,639,000 after acquiring an additional 237,668 shares during the period. Wealthquest Corp bought a new stake in Trump Media & Technology Group in the first quarter valued at $3,432,000. Northern Trust Corp grew its position in Trump Media & Technology Group by 50.0% in the fourth quarter. Northern Trust Corp now owns 417,243 shares of the company’s stock valued at $14,228,000 after acquiring an additional 139,145 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Trump Media & Technology Group by 85.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 180,843 shares of the company’s stock valued at $6,167,000 after acquiring an additional 83,112 shares during the period. Finally, Focus Partners Wealth grew its holdings in shares of Trump Media & Technology Group by 104.4% during the fourth quarter. Focus Partners Wealth now owns 136,198 shares of the company’s stock worth $4,648,000 after purchasing an additional 69,577 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors.

Trump Media & Technology Group Trading Down 2.3%

Shares of DJT opened at $17.53 on Tuesday. 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. The firm has a market capitalization of $4.86 billion, a PE ratio of -35.78 and a beta of 4.67. The stock’s fifty day simple moving average is $18.06 and its 200-day simple moving average is $20.76.

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

Trump Media & Technology Group declared that its board has authorized a share buyback plan on Monday, June 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to purchase up to 10.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Insider Activity at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,000 shares of the stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $17.61, for a total transaction of $88,050.00. Following the completion of the transaction, the director directly owned 24,041 shares in the company, valued at approximately $423,362.01. This trade represents a 17.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 53.00% of the stock is currently owned by corporate insiders.

Trump Media & Technology Group Company 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.