Capital Asset Advisory Services LLC Takes Position in Moderna, Inc. (NASDAQ:MRNA)


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Capital Asset Advisory Services LLC purchased a new stake in Moderna, Inc. (NASDAQ:MRNA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,118 shares of the company’s stock, valued at approximately $117,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Black Swift Group LLC purchased a new position in Moderna during the fourth quarter worth about $26,000. Catalyst Capital Advisors LLC purchased a new position in Moderna during the fourth quarter worth about $29,000. Clearview Wealth Advisors LLC purchased a new position in Moderna during the fourth quarter worth about $32,000. Jeppson Wealth Management LLC purchased a new position in Moderna during the third quarter worth about $33,000. Finally, Lindbrook Capital LLC grew its position in Moderna by 81.1% during the fourth quarter. Lindbrook Capital LLC now owns 335 shares of the company’s stock worth $35,000 after buying an additional 150 shares in the last quarter. Institutional investors own 51.21% of the company’s stock.

MRNA stock opened at $131.47 on Thursday. Moderna, Inc. has a fifty-two week low of $31.32 and a fifty-two week high of $189.26. The business’s 50 day moving average price is $142.99 and its two-hundred day moving average price is $120.18. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.43 and a current ratio of 2.43. The company has a market capitalization of $52.66 billion, a price-to-earnings ratio of -81.15, a price-to-earnings-growth ratio of 0.53 and a beta of 1.73.

Moderna (NASDAQ:MRNA) last posted its earnings results on Thursday, February 25th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.44). Moderna had a negative return on equity of 28.11% and a negative net margin of 242.73%. The firm had revenue of $570.80 million for the quarter, compared to analysts’ expectations of $279.41 million. During the same quarter last year, the company posted ($0.37) EPS. The firm’s revenue was up 3948.2% on a year-over-year basis. Sell-side analysts forecast that Moderna, Inc. will post -1.5 earnings per share for the current year.

MRNA has been the subject of several research analyst reports. Oppenheimer lifted their price target on Moderna from $178.00 to $206.00 and gave the stock an “outperform” rating in a research note on Monday, February 1st. Brookline Capital Management lifted their price target on Moderna from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, March 4th. Needham & Company LLC lowered Moderna from a “buy” rating to a “hold” rating in a research note on Wednesday, December 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $139.00 price target on shares of Moderna in a research note on Friday, December 11th. Finally, Wells Fargo & Company lifted their price target on Moderna from $129.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Monday, February 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Moderna currently has a consensus rating of “Hold” and a consensus price target of $150.56.

In related news, Director Noubar Afeyan sold 1,836,766 shares of the company’s stock in a transaction that occurred on Monday, February 22nd. The stock was sold at an average price of $164.22, for a total value of $301,633,712.52. Following the sale, the director now owns 2,101,703 shares in the company, valued at approximately $345,141,666.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Stephen Hoge sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 12th. The stock was sold at an average price of $185.00, for a total value of $925,000.00. Following the completion of the sale, the president now owns 1,624,597 shares in the company, valued at approximately $300,550,445. The disclosure for this sale can be found here. Insiders have sold a total of 5,667,766 shares of company stock worth $824,359,096 in the last quarter. Company insiders own 29.20% of the company’s stock.

About Moderna

Moderna, Inc, a biotechnology company, develops therapeutics and vaccines based on messenger RNA for the treatment of infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and auto-immune diseases. As of March 9, 2021, the company had 13 programs in clinical trials and a total of 24 development programs in six modalities comprising prophylactic vaccines, cancer vaccines, intratumoral immuno-oncology, localized regenerative therapeutics, systemic secreted and cell surface therapeutics, and systemic intracellular therapeutics.

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Institutional Ownership by Quarter for Moderna (NASDAQ:MRNA)

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