Alpine Global Management LLC Has $17.87 Million Position in Trump Media & Technology Group Corp. $DJT

Alpine Global Management LLC trimmed its stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 42.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,088,237 shares of the company’s stock after selling 788,367 shares during the period. Trump Media & Technology Group comprises about 2.9% of Alpine Global Management LLC’s portfolio, making the stock its 6th largest position. Alpine Global Management LLC owned about 0.39% of Trump Media & Technology Group worth $17,869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new position in Trump Media & Technology Group during the 1st quarter worth about $940,000. NewEdge Advisors LLC boosted its position in shares of Trump Media & Technology Group by 31.9% during the first quarter. NewEdge Advisors LLC now owns 4,957 shares of the company’s stock worth $97,000 after buying an additional 1,200 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Trump Media & Technology Group by 20.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 218,210 shares of the company’s stock worth $4,264,000 after buying an additional 37,367 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Trump Media & Technology Group by 12.3% during the second quarter. Envestnet Asset Management Inc. now owns 13,127 shares of the company’s stock worth $237,000 after buying an additional 1,439 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Trump Media & Technology Group by 30.1% during the second quarter. Allworth Financial LP now owns 4,029 shares of the company’s stock worth $73,000 after buying an additional 931 shares in the last quarter. 4.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Trump Media & Technology Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Trump Media & Technology Group Stock Performance

Shares of DJT stock opened at $9.80 on Wednesday. Trump Media & Technology Group Corp. has a 52 week low of $9.72 and a 52 week high of $27.78. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -3.51 and a beta of 4.61. The company has a 50-day simple moving average of $11.89 and a 200 day simple moving average of $13.55.

Trump Media & Technology Group (NASDAQ:DJT) last released its quarterly earnings results on Friday, February 27th. The company reported $999.00 earnings per share for the quarter. The firm had revenue of $1.01 million for the quarter. Trump Media & Technology Group had a negative net margin of 19,338.97% and a negative return on equity of 39.21%.

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.