Go Pro

PensionDanmark Pensionsforsikringsaktieselskab Sells 12,119 Shares of Alnylam Pharmaceuticals, Inc. $ALNY

Alnylam Pharmaceuticals logo with Healthcare background
Image from MarketBeat Media, LLC.

Key Points

  • PensionDanmark cut its Alnylam Pharmaceuticals stake by 35.1% in the second quarter, selling 12,119 shares and retaining 22,451 shares valued at approximately $6.76 million.
  • Alnylam shares opened at $219.20, with the stock trading well below its 52-week high of $495.55. Institutional investors own approximately 92.97% of the company.
  • Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $396.72 price target, although several firms recently reduced their targets and Truist lowered its target to $315.
  • Five stocks to consider instead of Alnylam Pharmaceuticals.

PensionDanmark Pensionsforsikringsaktieselskab lowered its position in Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY - Free Report) by 35.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 22,451 shares of the biopharmaceutical company's stock after selling 12,119 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Alnylam Pharmaceuticals were worth $6,758,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. bought a new position in Alnylam Pharmaceuticals during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Alnylam Pharmaceuticals during the third quarter worth approximately $29,000. HM Payson & Co. bought a new stake in Alnylam Pharmaceuticals in the fourth quarter worth approximately $27,000. Golden State Wealth Management LLC lifted its stake in Alnylam Pharmaceuticals by 100.0% in the fourth quarter. Golden State Wealth Management LLC now owns 72 shares of the biopharmaceutical company's stock valued at $29,000 after buying an additional 36 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in Alnylam Pharmaceuticals by 600.0% in the fourth quarter. Manchester Capital Management LLC now owns 84 shares of the biopharmaceutical company's stock valued at $33,000 after buying an additional 72 shares during the period. 92.97% of the stock is owned by institutional investors.

Alnylam Pharmaceuticals Trading Up 1.4%

NASDAQ ALNY opened at $219.20 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.05 and a debt-to-equity ratio of 0.75. Alnylam Pharmaceuticals, Inc. has a 52 week low of $197.81 and a 52 week high of $495.55. The business has a 50 day moving average price of $280.12 and a 200-day moving average price of $306.27. The company has a market cap of $29.33 billion, a price-to-earnings ratio of 40.74 and a beta of 0.30.

Alnylam Pharmaceuticals News Summary

Here are the key news stories impacting Alnylam Pharmaceuticals this week:

Analyst Ratings Changes

Several analysts have recently commented on ALNY shares. Oppenheimer reduced their price objective on shares of Alnylam Pharmaceuticals from $500.00 to $350.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. Barclays cut their target price on shares of Alnylam Pharmaceuticals from $527.00 to $450.00 and set an "overweight" rating on the stock in a research note on Monday, August 3rd. Sanford C. Bernstein upgraded shares of Alnylam Pharmaceuticals to a "strong-buy" rating in a report on Wednesday, July 29th. Citigroup decreased their price target on shares of Alnylam Pharmaceuticals from $380.00 to $340.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Alnylam Pharmaceuticals from $377.00 to $316.00 and set an "equal weight" rating on the stock in a report on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $396.72.

View Our Latest Research Report on ALNY

Insider Transactions at Alnylam Pharmaceuticals

In other Alnylam Pharmaceuticals news, Director David E. I. Pyott sold 3,830 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $299.18, for a total transaction of $1,145,859.40. Following the completion of the sale, the director owned 1,582 shares in the company, valued at approximately $473,302.76. The trade was a 70.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.86% of the company's stock.

Alnylam Pharmaceuticals Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Alnylam Pharmaceuticals (NASDAQ:ALNY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in Alnylam Pharmaceuticals Right Now?

Before you consider Alnylam Pharmaceuticals, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alnylam Pharmaceuticals wasn't on the list.

While Alnylam Pharmaceuticals currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Stocks Powering The Next AI Boom  Cover

The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.

Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines