BlueCrest Capital Management Ltd Invests $280,000 in Blue Apron Holdings Inc (APRN) Stock

BlueCrest Capital Management Ltd acquired a new position in shares of Blue Apron Holdings Inc (NASDAQ:APRN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 30,000 shares of the company’s stock, valued at approximately $280,000. BlueCrest Capital Management Ltd owned about 0.10% of Blue Apron Holdings as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APRN. FMR LLC acquired a new position in Blue Apron Holdings during the second quarter worth $42,090,000. Capital World Investors acquired a new position in Blue Apron Holdings during the second quarter worth $36,476,000. JPMorgan Chase & Co. acquired a new position in Blue Apron Holdings during the second quarter worth $31,439,000. Victory Capital Management Inc. acquired a new position in Blue Apron Holdings during the second quarter worth $14,010,000. Finally, Laurion Capital Management LP acquired a new position in Blue Apron Holdings during the second quarter worth $10,274,000.

A number of equities analysts have weighed in on the company. CIBC assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set an “outperform” rating and a $11.00 price objective on the stock. Citigroup Inc. initiated coverage on Blue Apron Holdings in a research report on Tuesday, July 25th. They issued a “buy” rating and a $10.00 target price on the stock. Raymond James Financial, Inc. initiated coverage on Blue Apron Holdings in a research report on Monday, July 24th. They issued a “market perform” rating on the stock. Oppenheimer Holdings, Inc. initiated coverage on Blue Apron Holdings in a research report on Monday, July 24th. They issued an “outperform” rating and a $11.00 target price on the stock. Finally, Morgan Stanley initiated coverage on Blue Apron Holdings in a research report on Monday, July 24th. They issued an “equal weight” rating and a $7.50 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $7.77.

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Shares of Blue Apron Holdings Inc (NASDAQ APRN) traded up 1.99% during midday trading on Friday, reaching $5.13. The company’s stock had a trading volume of 1,054,239 shares. Blue Apron Holdings Inc has a 52 week low of $4.83 and a 52 week high of $11.00. The firm’s 50 day moving average is $5.35 and its 200 day moving average is $5.99. The firm’s market capitalization is $154.12 million.

Blue Apron Holdings (NASDAQ:APRN) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by ($0.21). The company had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $235.78 million. Blue Apron Holdings’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts forecast that Blue Apron Holdings Inc will post ($1.61) EPS for the current fiscal year.

Blue Apron Holdings Profile

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

Institutional Ownership by Quarter for Blue Apron Holdings (NASDAQ:APRN)

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