Clear Street Group Inc. Grows Position in Trump Media & Technology Group Corp. $DJT

Clear Street Group Inc. lifted its stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) by 323,356.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,297,062 shares of the company’s stock after buying an additional 1,296,661 shares during the quarter. Clear Street Group Inc.’s holdings in Trump Media & Technology Group were worth $17,173,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Trump Media & Technology Group by 53.1% in the third quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock worth $243,577,000 after buying an additional 5,143,195 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Trump Media & Technology Group by 114,382.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 507,159 shares of the company’s stock worth $6,715,000 after purchasing an additional 506,716 shares during the last quarter. Yorkville Advisors Global LP increased its position in Trump Media & Technology Group by 7.6% in the fourth quarter. Yorkville Advisors Global LP now owns 6,641,944 shares of the company’s stock worth $87,939,000 after purchasing an additional 471,881 shares during the last quarter. Hohimer Wealth Management LLC bought a new stake in Trump Media & Technology Group in the third quarter worth $1,252,000. Finally, Murchinson Ltd. bought a new stake in Trump Media & Technology Group in the second quarter worth $2,706,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Stock Performance

Shares of DJT opened at $7.80 on Friday. The company’s fifty day moving average is $8.97 and its 200 day moving average is $10.74. Trump Media & Technology Group Corp. has a fifty-two week low of $7.75 and a fifty-two week high of $20.92. The stock has a market capitalization of $2.16 billion, a PE ratio of -1.89 and a beta of 4.06.

Analysts Set New Price Targets

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