TrinityBridge Ltd Makes New Investment in Trump Media & Technology Group Corp. $DJT

TrinityBridge Ltd acquired a new position in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 133,000 shares of the company’s stock, valued at approximately $1,206,000.

Several other hedge funds also recently added to or reduced their stakes in DJT. Bank of New York Mellon Corp boosted its holdings in shares of Trump Media & Technology Group by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 417,269 shares of the company’s stock valued at $3,872,000 after purchasing an additional 1,398 shares during the period. NewEdge Advisors LLC grew its stake in Trump Media & Technology Group by 11.9% in the first quarter. NewEdge Advisors LLC now owns 13,966 shares of the company’s stock valued at $130,000 after purchasing an additional 1,488 shares during the last quarter. Royal Bank of Canada grew its stake in Trump Media & Technology Group by 8.5% in the first quarter. Royal Bank of Canada now owns 21,451 shares of the company’s stock valued at $200,000 after purchasing an additional 1,676 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Trump Media & Technology Group by 55.6% in the third quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock worth $43,000 after purchasing an additional 1,691 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its holdings in Trump Media & Technology Group by 2.8% in the third quarter. Axxcess Wealth Management LLC now owns 72,161 shares of the company’s stock worth $654,000 after purchasing an additional 1,960 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on DJT shares. Weiss Ratings lowered shares of Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 2nd. Wall Street Zen cut shares of Trump Media & Technology Group from a “sell” rating to a “strong sell” rating in a report on Sunday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Up 5.1%

Shares of DJT stock opened at $5.95 on Wednesday. The business’s fifty day simple moving average is $8.15 and its 200-day simple moving average is $9.27. Trump Media & Technology Group Corp. has a 12-month low of $5.40 and a 12-month high of $17.09.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. is a media and technology company focused on developing social media, streaming and other digital services. Its principal platform is Truth Social, a social networking service that enables users to create posts, follow accounts and participate in online discussions.

The company also operates Truth+, a streaming platform offering video content, including news and entertainment programming. TMTG has additionally announced plans to develop Truth.Fi, a financial services and technology initiative intended to include products such as separately managed accounts, exchange-traded funds and other investment-related offerings.