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

Yorkville Advisors Global LP purchased a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,276,344 shares of the company’s stock, valued at approximately $17,618,903,000. Trump Media & Technology Group accounts for approximately 20.4% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 2nd largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quantinno Capital Management LP increased its stake in Trump Media & Technology Group by 120.3% during the 1st quarter. Quantinno Capital Management LP now owns 219,265 shares of the company’s stock valued at $2,035,000 after buying an additional 119,750 shares during the period. Vanguard Group Inc. raised its position in shares of Trump Media & Technology Group by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 15,857,828 shares of the company’s stock worth $209,958,000 after buying an additional 1,023,677 shares in the last quarter. Anson Funds Management LP acquired a new stake in shares of Trump Media & Technology Group in the 1st quarter worth approximately $6,598,000. Creek Drive Management Group LLC acquired a new stake in shares of Trump Media & Technology Group in the 4th quarter worth approximately $3,310,000. Finally, Clear Street Group Inc. boosted its holdings in shares of Trump Media & Technology Group by 323,356.9% in the fourth quarter. Clear Street Group Inc. now owns 1,297,062 shares of the company’s stock valued at $17,173,000 after acquiring an additional 1,296,661 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors.

Trump Media & Technology Group Price Performance

Shares of DJT stock opened at $8.27 on Monday. The stock has a 50-day simple moving average of $8.77 and a 200 day simple moving average of $9.45. The stock has a market capitalization of $2.30 billion, a P/E ratio of -1.69 and a beta of 4.07. Trump Media & Technology Group Corp. has a fifty-two week low of $6.96 and a fifty-two week high of $18.97.

Wall Street Analyst Weigh In

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

Trump Media & Technology Group Company 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.