Northwestern Mutual Wealth Management Co. Raises Stock Position in Trump Media & Technology Group Corp. $DJT

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 114,382.8% during the fourth quarter, Holdings Channel reports. The firm owned 507,159 shares of the company’s stock after purchasing an additional 506,716 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Trump Media & Technology Group were worth $6,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Trump Media & Technology Group by 53.1% during the third quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock worth $243,577,000 after purchasing an additional 5,143,195 shares during the period. Hohimer Wealth Management LLC purchased a new stake in Trump Media & Technology Group during the third quarter worth about $1,252,000. R Squared Ltd purchased a new stake in Trump Media & Technology Group during the third quarter worth about $266,000. RIA Advisory Group LLC increased its stake in Trump Media & Technology Group by 7.4% during the fourth quarter. RIA Advisory Group LLC now owns 15,163 shares of the company’s stock worth $201,000 after purchasing an additional 1,050 shares during the period. Finally, Oak Thistle LLC purchased a new stake in Trump Media & Technology Group during the fourth quarter worth about $220,000. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Trump Media & Technology Group Stock Performance

DJT stock opened at $7.95 on Friday. The company’s 50 day moving average price is $9.16 and its 200 day moving average price is $11.13. Trump Media & Technology Group Corp. has a fifty-two week low of $7.86 and a fifty-two week high of $27.00. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -1.93 and a beta of 4.15.

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

Analyst Upgrades and Downgrades

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

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.