Alnylam Pharmaceuticals, Inc. $ALNY Shares Bought by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. increased its stake in Alnylam Pharmaceuticals by 74.5%, adding 41,340 shares during the first quarter, bringing its total ownership to approximately 96,804 shares valued at $26.1 million.
• Multiple hedge funds have recently boosted their positions in Alnylam, with notable increases from Orbis Allan Gray Ltd and Vident Advisory LLC, reflecting significant institutional interest in the biopharmaceutical company.
• Alnylam Pharmaceuticals reported a positive earnings surprise for the last quarter, with earnings per share of $0.32, exceeding analysts' expectations and showing a 17.3% year-over-year revenue growth.

Panagora Asset Management Inc. increased its holdings in Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY - Free Report) by 74.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,804 shares of the biopharmaceutical company's stock after buying an additional 41,340 shares during the quarter. Panagora Asset Management Inc. owned about 0.07% of Alnylam Pharmaceuticals worth $26,139,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Orbis Allan Gray Ltd boosted its position in Alnylam Pharmaceuticals by 11.0% in the 1st quarter. Orbis Allan Gray Ltd now owns 1,634,923 shares of the biopharmaceutical company's stock worth $441,462,000 after purchasing an additional 162,121 shares in the last quarter. Vident Advisory LLC boosted its position in Alnylam Pharmaceuticals by 101.0% in the 1st quarter. Vident Advisory LLC now owns 2,667 shares of the biopharmaceutical company's stock worth $720,000 after purchasing an additional 1,340 shares in the last quarter. Kodai Capital Management LP purchased a new stake in Alnylam Pharmaceuticals in the 1st quarter worth approximately $5,713,000. Driehaus Capital Management LLC boosted its position in Alnylam Pharmaceuticals by 70.6% in the 1st quarter. Driehaus Capital Management LLC now owns 57,128 shares of the biopharmaceutical company's stock worth $15,426,000 after purchasing an additional 23,648 shares in the last quarter. Finally, Iron Triangle Partners LP purchased a new stake in Alnylam Pharmaceuticals in the 1st quarter worth approximately $17,662,000. Hedge funds and other institutional investors own 92.97% of the company's stock.

Insiders Place Their Bets

In other Alnylam Pharmaceuticals news, EVP Pushkal Garg sold 1,455 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $458.41, for a total value of $666,986.55. Following the completion of the sale, the executive vice president directly owned 20,221 shares of the company's stock, valued at $9,269,508.61. This trade represents a 6.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey V. Poulton sold 2,274 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $453.27, for a total value of $1,030,735.98. Following the completion of the sale, the executive vice president directly owned 50,121 shares of the company's stock, valued at $22,718,345.67. This trade represents a 4.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,891 shares of company stock worth $31,456,338. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on ALNY shares. Raymond James Financial started coverage on Alnylam Pharmaceuticals in a research report on Wednesday, July 30th. They issued an "outperform" rating and a $370.00 price objective on the stock. Morgan Stanley increased their target price on Alnylam Pharmaceuticals from $312.00 to $405.00 and gave the company an "equal weight" rating in a research report on Friday, August 1st. Oppenheimer upgraded Alnylam Pharmaceuticals from a "market perform" rating to an "outperform" rating and set a $490.00 target price on the stock in a research report on Monday, August 4th. Scotiabank increased their target price on Alnylam Pharmaceuticals from $342.00 to $450.00 and gave the company a "sector outperform" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on Alnylam Pharmaceuticals from $348.00 to $475.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Twenty-two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $405.33.

Alnylam Pharmaceuticals Trading Down 1.3%

Shares of ALNY stock opened at $446.51 on Friday. The stock's fifty day moving average is $374.57 and its two-hundred day moving average is $302.99. The company has a debt-to-equity ratio of 4.10, a quick ratio of 2.75 and a current ratio of 2.80. The firm has a market capitalization of $58.53 billion, a P/E ratio of -180.77 and a beta of 0.25. Alnylam Pharmaceuticals, Inc. has a fifty-two week low of $205.87 and a fifty-two week high of $469.81.

Alnylam Pharmaceuticals (NASDAQ:ALNY - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The biopharmaceutical company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of ($0.54) by $0.86. Alnylam Pharmaceuticals had a negative return on equity of 273.52% and a negative net margin of 12.96%.The company had revenue of $773.69 million for the quarter, compared to analyst estimates of $633.54 million. During the same quarter last year, the firm posted ($0.13) EPS. The firm's revenue for the quarter was up 17.3% on a year-over-year basis. Alnylam Pharmaceuticals has set its FY 2025 guidance at EPS. Research analysts expect that Alnylam Pharmaceuticals, Inc. will post -1.7 earnings per share for the current fiscal year.

Alnylam Pharmaceuticals Company Profile

Alnylam Pharmaceuticals, Inc, a biopharmaceutical company, focuses on discovering, developing, and commercializing novel therapeutics based on ribonucleic acid interference. Its marketed products include ONPATTRO (patisiran) for the treatment of the polyneuropathy of hereditary transthyretin-mediated amyloidosis in adults; AMVUTTRA for the treatment of hATTR amyloidosis with polyneuropathy in adults; GIVLAARI for the treatment of adults with acute hepatic porphyria; and OXLUMO for the treatment of primary hyperoxaluria type 1.

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