Dark Forest Capital Management LP Sells 27,928 Shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Dark Forest Capital Management LP decreased its holdings in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA - Free Report) by 66.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,021 shares of the pharmacy operator's stock after selling 27,928 shares during the period. Dark Forest Capital Management LP's holdings in Walgreens Boots Alliance were worth $131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Swedbank AB lifted its holdings in Walgreens Boots Alliance by 45.3% in the fourth quarter. Swedbank AB now owns 595,828 shares of the pharmacy operator's stock worth $5,559,000 after buying an additional 185,762 shares during the period. Merit Financial Group LLC bought a new position in shares of Walgreens Boots Alliance in the 4th quarter worth approximately $326,000. Assenagon Asset Management S.A. lifted its stake in shares of Walgreens Boots Alliance by 2,599.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 622,703 shares of the pharmacy operator's stock valued at $5,810,000 after purchasing an additional 599,637 shares during the period. Orca Wealth Management LLC bought a new stake in shares of Walgreens Boots Alliance during the fourth quarter valued at approximately $322,000. Finally, Sound Income Strategies LLC boosted its position in shares of Walgreens Boots Alliance by 4.8% during the fourth quarter. Sound Income Strategies LLC now owns 507,213 shares of the pharmacy operator's stock valued at $4,732,000 after purchasing an additional 23,373 shares in the last quarter. Hedge funds and other institutional investors own 58.59% of the company's stock.

Walgreens Boots Alliance Stock Performance

NASDAQ WBA traded up $0.05 during trading hours on Friday, hitting $10.98. The company's stock had a trading volume of 7,844,424 shares, compared to its average volume of 21,044,179. Walgreens Boots Alliance, Inc. has a 12 month low of $8.08 and a 12 month high of $18.83. The company's 50 day simple moving average is $10.98 and its two-hundred day simple moving average is $10.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.64 and a quick ratio of 0.30. The company has a market cap of $9.49 billion, a P/E ratio of -1.07, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67.

Walgreens Boots Alliance (NASDAQ:WBA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 8th. The pharmacy operator reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.10. Walgreens Boots Alliance had a negative net margin of 5.87% and a positive return on equity of 17.61%. The firm had revenue of $38.59 billion for the quarter, compared to the consensus estimate of $37.90 billion. During the same quarter last year, the firm posted $1.20 EPS. The business's quarterly revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts expect that Walgreens Boots Alliance, Inc. will post 1.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on WBA shares. Wolfe Research upgraded shares of Walgreens Boots Alliance to a "hold" rating in a report on Monday, February 24th. Bank of America boosted their price objective on shares of Walgreens Boots Alliance from $7.50 to $8.50 and gave the stock an "underperform" rating in a research note on Monday, January 13th. Royal Bank of Canada raised their target price on shares of Walgreens Boots Alliance from $9.00 to $12.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 15th. Truist Financial lowered their target price on shares of Walgreens Boots Alliance from $13.00 to $12.00 and set a "hold" rating for the company in a report on Friday, January 31st. Finally, StockNews.com began coverage on Walgreens Boots Alliance in a research note on Sunday, April 27th. They issued a "hold" rating on the stock. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $10.59.

Insider Buying and Selling at Walgreens Boots Alliance

In other Walgreens Boots Alliance news, Chairman Stefano Pessina purchased 832,258 shares of Walgreens Boots Alliance stock in a transaction dated Sunday, April 27th. The stock was purchased at an average price of $11.01 per share, with a total value of $9,163,160.58. Following the transaction, the chairman now directly owns 145,621,079 shares of the company's stock, valued at $1,603,288,079.79. This trade represents a 0.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.50% of the company's stock.

About Walgreens Boots Alliance

Walgreens Boots Alliance, Inc operates as a healthcare, pharmacy, and retail company in the United States, the United Kingdom, Germany, and internationally. It operates through three segments: U.S. Retail Pharmacy, International, and U.S. Healthcare. The U.S. Retail Pharmacy segment engages in operation of the retail drugstores, health and wellness services, specialty, and home delivery pharmacy services, which offers health and wellness, beauty, personal care and consumables, and general merchandise.