UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 50,329 Shares of Alnylam Pharmaceuticals, Inc. $ALNY

Key Points

• UBS Asset Management increased its Alnylam Pharmaceuticals stake by 7.4% in the second quarter, acquiring 50,329 shares and bringing its holdings to 727,848 shares valued at approximately $219.1 million.
• Institutional investors and hedge funds own 92.97% of Alnylam’s outstanding stock. Analysts maintain a “Moderate Buy” consensus, with an average price target of $386.14 despite several firms recently lowering their targets.
• Alnylam reported quarterly EPS of $1.84, above the $1.63 consensus estimate, while revenue rose 66.9% year over year to $1.29 billion, slightly below expectations.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY - Free Report) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 727,848 shares of the biopharmaceutical company's stock after acquiring an additional 50,329 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.54% of Alnylam Pharmaceuticals worth $219,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ALNY. Daiwa Securities Group Inc. increased its stake in shares of Alnylam Pharmaceuticals by 0.3% during the second quarter. Daiwa Securities Group Inc. now owns 12,941 shares of the biopharmaceutical company's stock worth $4,220,000 after purchasing an additional 35 shares during the period. Golden State Wealth Management LLC raised 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 purchasing an additional 36 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Alnylam Pharmaceuticals by 2.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,640 shares of the biopharmaceutical company's stock worth $748,000 after acquiring an additional 38 shares during the period. Atlantic Union Bankshares Corp lifted its stake in Alnylam Pharmaceuticals by 20.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 231 shares of the biopharmaceutical company's stock worth $92,000 after purchasing an additional 40 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Alnylam Pharmaceuticals by 3.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,266 shares of the biopharmaceutical company's stock worth $577,000 after buying an additional 40 shares during the last quarter. Institutional investors and hedge funds own 92.97% of the company's stock.

Analysts Set New Price Targets

ALNY has been the topic of a number of research analyst reports. Truist Financial cut their target price on shares of Alnylam Pharmaceuticals from $410.00 to $315.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of Alnylam Pharmaceuticals from a "strong-buy" rating to a "hold" rating in a report on Sunday, August 2nd. Oppenheimer dropped their price target on shares of Alnylam Pharmaceuticals from $500.00 to $350.00 and set an "outperform" rating for the company in a research note on Friday, July 31st. Bank of America reduced their price objective on shares of Alnylam Pharmaceuticals from $460.00 to $410.00 and set a "buy" rating on the stock in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded Alnylam Pharmaceuticals from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $386.14.

Alnylam Pharmaceuticals Price Performance

Shares of NASDAQ:ALNY opened at $240.69 on Tuesday. Alnylam Pharmaceuticals, Inc. has a twelve month low of $197.81 and a twelve month high of $495.55. The firm has a market capitalization of $32.21 billion, a price-to-earnings ratio of 44.74 and a beta of 0.30. The stock's 50 day moving average is $261.71 and its 200-day moving average is $292.96. The company has a quick ratio of 2.99, a current ratio of 3.05 and a debt-to-equity ratio of 0.75.

Alnylam Pharmaceuticals (NASDAQ:ALNY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The biopharmaceutical company reported $1.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.21. Alnylam Pharmaceuticals had a net margin of 15.26% and a return on equity of 84.93%. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same period last year, the company earned ($0.51) earnings per share. The business's revenue was up 66.9% on a year-over-year basis. Sell-side analysts forecast that Alnylam Pharmaceuticals, Inc. will post 6.59 EPS for the current fiscal year.

Alnylam Pharmaceuticals Profile

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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