Yorkville Advisors Global LP Invests $17.62 Million in Trump Media & Technology Group Corp. $DJT

Yorkville Advisors Global LP acquired a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,276,344 shares of the company’s stock, valued at approximately $17,618,903. Trump Media & Technology Group comprises 0.0% of Yorkville Advisors Global LP’s portfolio, making the stock its 2nd largest holding. Yorkville Advisors Global LP owned approximately 0.82% of Trump Media & Technology Group as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new position in Trump Media & Technology Group during the 1st quarter valued at about $940,000. NewEdge Advisors LLC lifted its holdings 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings 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 in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Trump Media & Technology Group by 202.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,755 shares of the company’s stock valued at $68,000 after acquiring an additional 2,514 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Trump Media & Technology Group by 74.5% during the second quarter. Invesco Ltd. now owns 112,855 shares of the company’s stock valued at $2,036,000 after acquiring an additional 48,199 shares during the last quarter. Institutional investors and hedge funds own 4.29% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Trump Media & Technology Group in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Trump Media & Technology Group Stock Performance

NASDAQ DJT traded down $0.26 during mid-day trading on Friday, reaching $9.51. 1,635,680 shares of the stock were exchanged, compared to its average volume of 4,379,823. The business’s fifty day simple moving average is $8.90 and its 200 day simple moving average is $9.21. The stock has a market capitalization of $2.64 billion, a PE ratio of -1.94 and a beta of 4.07. Trump Media & Technology Group Corp. has a 1-year low of $6.96 and a 1-year high of $18.00.

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.