Axxcess Wealth Management LLC Boosts Stake in Trump Media & Technology Group Corp. $DJT

Axxcess Wealth Management LLC lifted its holdings in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) by 39.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,101 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Trump Media & Technology Group were worth $633,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Golden State Wealth Management LLC grew its holdings in shares of Trump Media & Technology Group by 21.6% during the first quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company’s stock worth $45,000 after purchasing an additional 410 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Trump Media & Technology Group by 1.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,031 shares of the company’s stock worth $802,000 after buying an additional 530 shares in the last quarter. Main Street Group LTD grew its position in Trump Media & Technology Group by 43.1% in the second quarter. Main Street Group LTD now owns 1,908 shares of the company’s stock worth $34,000 after acquiring an additional 575 shares in the last quarter. Deutsche Bank AG grew its position in Trump Media & Technology Group by 16.7% in the first quarter. Deutsche Bank AG now owns 4,038 shares of the company’s stock worth $79,000 after acquiring an additional 579 shares in the last quarter. Finally, Amalgamated Bank grew its position in Trump Media & Technology Group by 15.6% in the first quarter. Amalgamated Bank now owns 4,821 shares of the company’s stock worth $94,000 after acquiring an additional 651 shares in the last quarter. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Trump Media & Technology Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Trump Media & Technology Group presently has an average rating of “Sell”.

Trump Media & Technology Group Price Performance

Shares of Trump Media & Technology Group stock opened at $16.18 on Friday. The company has a fifty day moving average of $17.16 and a 200-day moving average of $19.45. The company has a debt-to-equity ratio of 0.41, a quick ratio of 132.60 and a current ratio of 132.60. Trump Media & Technology Group Corp. has a 52-week low of $15.42 and a 52-week high of $54.68. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of -33.02 and a beta of 4.59.

Trump Media & Technology Group (NASDAQ:DJT) last posted its quarterly earnings results on Friday, August 1st. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $0.88 million for the quarter. Trump Media & Technology Group had a negative net margin of 2,922.66% and a negative return on equity of 8.86%.

Trump Media & Technology Group announced that its Board of Directors has authorized a stock buyback plan on Monday, June 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to buy up to 10.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director Eric Swider sold 5,000 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $17.61, for a total transaction of $88,050.00. Following the completion of the sale, the director owned 24,041 shares of the company’s stock, valued at approximately $423,362.01. This represents a 17.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 53.00% of the stock is owned by corporate insiders.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.