Trump Media & Technology Group Corp. $DJT Shares Sold by Alpine Global Management LLC

Alpine Global Management LLC lessened its stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 72.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 304,858 shares of the company’s stock after selling 783,379 shares during the quarter. Alpine Global Management LLC’s holdings in Trump Media & Technology Group were worth $4,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Trump Media & Technology Group by 10.8% in the fourth quarter. Invesco Ltd. now owns 197,602 shares of the company’s stock valued at $2,616,000 after buying an additional 19,314 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in Trump Media & Technology Group by 24.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 50,201 shares of the company’s stock worth $665,000 after acquiring an additional 10,000 shares during the period. Corient Private Wealth LLC raised its holdings in Trump Media & Technology Group by 5.9% in the 4th quarter. Corient Private Wealth LLC now owns 23,594 shares of the company’s stock valued at $312,000 after acquiring an additional 1,321 shares during the last quarter. Creek Drive Management Group LLC acquired a new position in Trump Media & Technology Group in the 4th quarter valued at $3,310,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Trump Media & Technology Group during the 4th quarter worth $244,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Analyst Ratings Changes

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

Trump Media & Technology Group Stock Up 4.8%

Shares of NASDAQ DJT opened at $8.49 on Friday. Trump Media & Technology Group Corp. has a 52-week low of $7.75 and a 52-week high of $20.92. The firm has a fifty day moving average of $8.89 and a 200-day moving average of $10.66. The stock has a market capitalization of $2.35 billion, a PE ratio of -2.06 and a beta of 4.06.

About Trump Media & Technology Group

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.