Qube Research & Technologies Ltd Cuts Stock Position in Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Qube Research & Technologies Ltd lowered its holdings in Walgreens Boots Alliance, Inc. (NASDAQ:WBA) by 54.8% during the 2nd quarter, Holdings Channel reports. The firm owned 52,567 shares of the pharmacy operator’s stock after selling 63,635 shares during the period. Qube Research & Technologies Ltd’s holdings in Walgreens Boots Alliance were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Liberty Wealth Management LLC boosted its position in Walgreens Boots Alliance by 2,901.1% in the second quarter. Liberty Wealth Management LLC now owns 72,597 shares of the pharmacy operator’s stock worth $1,380,000 after purchasing an additional 70,178 shares during the last quarter. Transcend Wealth Collective LLC raised its stake in shares of Walgreens Boots Alliance by 12.9% in the second quarter. Transcend Wealth Collective LLC now owns 9,023 shares of the pharmacy operator’s stock valued at $475,000 after buying an additional 1,033 shares during the period. Geode Capital Management LLC raised its stake in shares of Walgreens Boots Alliance by 2.5% in the second quarter. Geode Capital Management LLC now owns 11,705,342 shares of the pharmacy operator’s stock valued at $613,949,000 after buying an additional 289,532 shares during the period. Vanguard Group Inc. raised its stake in shares of Walgreens Boots Alliance by 1.1% in the second quarter. Vanguard Group Inc. now owns 58,948,812 shares of the pharmacy operator’s stock valued at $3,101,298,000 after buying an additional 628,017 shares during the period. Finally, Ariel Investments LLC raised its stake in shares of Walgreens Boots Alliance by 5.2% in the second quarter. Ariel Investments LLC now owns 1,640,700 shares of the pharmacy operator’s stock valued at $86,317,000 after buying an additional 81,702 shares during the period. 55.65% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on WBA. Robert W. Baird restated a “buy” rating and issued a $68.00 target price on shares of Walgreens Boots Alliance in a research note on Friday, September 3rd. Credit Suisse Group restated a “hold” rating and issued a $48.00 target price on shares of Walgreens Boots Alliance in a research note on Friday, September 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Walgreens Boots Alliance from $55.00 to $52.00 and set a “hold” rating on the stock in a research note on Friday, July 2nd. Barclays decreased their price objective on Walgreens Boots Alliance from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 6th. Finally, Wolfe Research reiterated a “hold” rating and set a $57.00 price objective on shares of Walgreens Boots Alliance in a research note on Friday, July 2nd. Twelve equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $52.81.

Shares of NASDAQ WBA opened at $47.26 on Thursday. The firm has a market capitalization of $40.88 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.41 and a beta of 0.49. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $48.70 and its two-hundred day simple moving average is $50.83. Walgreens Boots Alliance, Inc. has a twelve month low of $33.36 and a twelve month high of $57.05.

Walgreens Boots Alliance Profile

Walgreens Boots Alliance, Inc engages in the provision of drug store services. It operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreens business, which includes the operation of retail drugstores, health and wellness services, and mail and central specialty pharmacy services.

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Institutional Ownership by Quarter for Walgreens Boots Alliance (NASDAQ:WBA)

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