Raymond James Trust N.A. boosted its stake in shares of Blue Apron Holdings Inc (NYSE:APRN) by 216.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,451 shares of the company’s stock after purchasing an additional 102,982 shares during the quarter. Raymond James Trust N.A. owned approximately 0.08% of Blue Apron worth $259,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Blue Apron during the 1st quarter worth $102,000. River & Mercantile Asset Management LLP boosted its position in Blue Apron by 3.7% during the 2nd quarter. River & Mercantile Asset Management LLP now owns 4,025,413 shares of the company’s stock worth $13,425,000 after acquiring an additional 142,660 shares during the period. Millennium Management LLC acquired a new position in Blue Apron during the 1st quarter worth $1,163,000. Finally, Northern Trust Corp boosted its position in Blue Apron by 55.8% during the 2nd quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock worth $287,000 after acquiring an additional 30,625 shares during the period. Institutional investors and hedge funds own 12.97% of the company’s stock.
In other news, CTO Ilia M. Papas sold 133,134 shares of the business’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $1.49, for a total value of $198,369.66. Following the sale, the chief technology officer now owns 194,777 shares of the company’s stock, valued at approximately $290,217.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder First Round Capital Iv, L.P. sold 1,300,000 shares of the business’s stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $1.70, for a total value of $2,210,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,722,372 shares of company stock worth $2,966,888 in the last three months. Company insiders own 56.24% of the company’s stock.
Shares of APRN stock opened at $1.23 on Friday. The company has a quick ratio of 2.30, a current ratio of 2.74 and a debt-to-equity ratio of 0.74. Blue Apron Holdings Inc has a 1 year low of $1.22 and a 1 year high of $5.21.
Blue Apron (NYSE:APRN) last posted its quarterly earnings data on Thursday, August 2nd. The company reported ($0.17) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.17). Blue Apron had a negative return on equity of 89.80% and a negative net margin of 24.64%. The company had revenue of $179.60 million for the quarter, compared to the consensus estimate of $188.51 million. During the same quarter in the previous year, the business earned ($0.47) EPS. The company’s quarterly revenue was down 24.6% compared to the same quarter last year. Research analysts forecast that Blue Apron Holdings Inc will post -0.72 EPS for the current year.
A number of research analysts have issued reports on the company. ValuEngine upgraded Blue Apron from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Zacks Investment Research lowered Blue Apron from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. SunTrust Banks reiterated a “hold” rating and set a $2.00 price target on shares of Blue Apron in a research report on Thursday, August 2nd. Royal Bank of Canada reiterated a “hold” rating and set a $2.00 price target on shares of Blue Apron in a research report on Friday, August 3rd. Finally, Morgan Stanley reduced their price target on Blue Apron from $2.00 to $1.90 and set an “equal weight” rating for the company in a research report on Wednesday, July 11th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $3.49.
Blue Apron Company Profile
Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.
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