SG Americas Securities LLC, a financial services firm, has reported a significant increase in its holdings of Moderna, Inc. The firm purchased an additional 49,335 shares of Moderna during the second quarter, bringing its total holdings to 73,810 shares. The value of SG Americas Securities LLC’s stake in Moderna is now estimated at $8,968,000.
This increase in ownership comes as several other large investors have also made changes to their stake in Moderna. Toronto Dominion Bank boosted its stake by 7.8% in the first quarter, while Dimensional Fund Advisors LP increased its stake by 9.0% during the same period. Janney Montgomery Scott LLC and Csenge Advisory Group also grew their holdings in Moderna in the first quarter.
Moderna’s stock performance has been mixed recently. The company opened at $114.59 on Friday, with a 50-day simple moving average of $112.87. The stock has a 12-month low of $95.02 and a 12-month high of $217.25. Moderna has a market capitalization of $43.61 billion and a beta of 1.63.
In terms of financial performance, Moderna announced its quarterly earnings data in August. The company reported a smaller loss per share than analysts had expected, beating consensus estimates by $0.22. However, Moderna’s revenue for the quarter was down significantly compared to the same period last year.
In terms of insider activity, director Noubar Afeyan and CEO Stephane Bancel have both sold significant amounts of Moderna stock in recent months. Afeyan sold 15,000 shares in September, while Bancel sold 40,000 shares in June.
Overall, Moderna has received mixed ratings from equities analysts. Some have downgraded the stock, while others have upgraded it. The stock currently has a consensus rating of “Hold” and a consensus target price of $155.52.
Moderna, Inc. is a biotechnology company that develops and commercializes messenger RNA therapeutics and vaccines. The company’s product portfolio includes respiratory vaccines, latent vaccines, and public health vaccines.
– SG Americas Securities LLC
– Toronto Dominion Bank
– Dimensional Fund Advisors LP
– Janney Montgomery Scott LLC
– Csenge Advisory Group
– Financial filings with the Securities and Exchange Commission
– Moderna, Inc. (NASDAQ:MRNA)