NEOS Investment Management LLC raised its holdings in Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY – Free Report) by 13.6% in the second quarter, HoldingsChannel.com reports. The firm owned 78,274 shares of the biopharmaceutical company’s stock after purchasing an additional 9,401 shares during the quarter. NEOS Investment Management LLC’s holdings in Alnylam Pharmaceuticals were worth $23,563,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ALNY. MV Capital Management Inc. acquired a new stake in shares of Alnylam Pharmaceuticals in the fourth quarter valued at approximately $25,000. HM Payson & Co. acquired a new stake in Alnylam Pharmaceuticals during the fourth quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in Alnylam Pharmaceuticals during the third quarter worth approximately $29,000. Golden State Wealth Management LLC increased its stake in Alnylam Pharmaceuticals by 100.0% during the 4th quarter. Golden State Wealth Management LLC now owns 72 shares of the biopharmaceutical company’s stock worth $29,000 after acquiring an additional 36 shares during the period. Finally, Manchester Capital Management LLC increased its stake in Alnylam Pharmaceuticals by 600.0% during the 4th quarter. Manchester Capital Management LLC now owns 84 shares of the biopharmaceutical company’s stock worth $33,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 92.97% of the company’s stock.
Alnylam Pharmaceuticals Stock Up 0.6%
NASDAQ ALNY opened at $266.11 on Friday. The business has a fifty day moving average price of $259.25 and a two-hundred day moving average price of $291.61. The stock has a market capitalization of $35.61 billion, a PE ratio of 49.46 and a beta of 0.31. Alnylam Pharmaceuticals, Inc. has a fifty-two week low of $197.81 and a fifty-two week high of $495.55. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.05 and a quick ratio of 2.99.
Analysts Set New Price Targets
ALNY has been the subject of a number of recent analyst reports. Sanford C. Bernstein reiterated a “buy” rating on shares of Alnylam Pharmaceuticals in a research report on Monday. Chardan Capital restated a “buy” rating and issued a $425.00 price target on shares of Alnylam Pharmaceuticals in a research report on Friday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Alnylam Pharmaceuticals in a research report on Monday. Wall Street Zen downgraded shares of Alnylam Pharmaceuticals from a “strong-buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Finally, Oppenheimer reduced their price objective on shares of Alnylam Pharmaceuticals from $500.00 to $350.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Alnylam Pharmaceuticals currently has a consensus rating of “Moderate Buy” and a consensus target price of $386.14.
View Our Latest Report on Alnylam Pharmaceuticals
About Alnylam Pharmaceuticals
Alnylam Pharmaceuticals, Inc (NASDAQ: ALNY) is a biopharmaceutical company focused on the discovery, development and commercialization of RNA interference (RNAi) therapeutics. Founded to translate the scientific discovery of RNAi into new medicines, Alnylam applies small interfering RNA (siRNA) technology to silence disease-causing genes. The company develops therapies designed to provide durable disease modification by targeting underlying genetic drivers across a range of rare and more prevalent conditions.
Alnylam has advanced multiple siRNA-based products into commercialization, initially using lipid nanoparticle delivery and more recently employing GalNAc-conjugate chemistry to enable targeted delivery to the liver with subcutaneous dosing.
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