Baillie Gifford & Co. bought a new stake in shares of Blue Apron Holdings Inc (NYSE:APRN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,313,400 shares of the company’s stock, valued at approximately $2,259,000. Baillie Gifford & Co. owned 0.68% of Blue Apron at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Millennium Management LLC bought a new position in Blue Apron in the 1st quarter valued at $1,163,000. River & Mercantile Asset Management LLP raised its position in Blue Apron by 3.7% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 4,025,413 shares of the company’s stock valued at $13,425,000 after purchasing an additional 142,660 shares during the last quarter. Northern Trust Corp raised its position in Blue Apron by 55.8% in the 2nd quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock valued at $287,000 after purchasing an additional 30,625 shares during the last quarter. Raymond James Trust N.A. raised its position in Blue Apron by 216.9% in the 3rd quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock valued at $259,000 after purchasing an additional 102,982 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Blue Apron in the 3rd quarter valued at $208,000. 14.15% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in 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 upgraded Blue Apron from a “hold” rating to a “buy” rating and set a $1.25 target price for the company in a research report on Friday, November 16th. Barclays dropped their target price on Blue Apron from $2.50 to $1.25 and set an “equal weight” rating for the company in a research report on Thursday, November 15th. Guggenheim downgraded Blue Apron from a “buy” rating to a “neutral” rating and set a $1.02 target price for the company. in a research report on Thursday, November 15th. Finally, Canaccord Genuity downgraded Blue Apron from a “buy” rating to a “hold” rating and dropped their target price for the stock from $6.00 to $3.00 in a research report on Wednesday, November 14th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.28.
APRN stock opened at $1.17 on Monday. The firm has a market cap of $226.69 million, a PE ratio of -0.71 and a beta of -0.10. Blue Apron Holdings Inc has a twelve month low of $1.02 and a twelve month high of $4.56. The company has a quick ratio of 1.38, a current ratio of 1.65 and a debt-to-equity ratio of 0.60.
Blue Apron (NYSE:APRN) last released its earnings results on Tuesday, November 13th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.04. The company had revenue of $150.62 million during the quarter, compared to the consensus estimate of $157.20 million. Blue Apron had a negative return on equity of 75.39% and a negative net margin of 19.25%. The firm’s quarterly revenue was down 28.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.47) earnings per share. On average, equities research analysts predict that Blue Apron Holdings Inc will post -0.68 earnings per share for the current fiscal year.
In related news, insider Ilia M. Papas sold 133,333 shares of the company’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $1.78, for a total value of $237,332.74. Following the completion of the sale, the insider now owns 194,976 shares in the company, valued at $347,057.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder First Round Capital Iv, L.P. sold 1,300,000 shares of the company’s stock in a transaction dated Tuesday, September 25th. The shares were 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 1,782,584 shares of company stock valued at $2,900,294 in the last quarter. 56.24% of the stock is currently owned by corporate insiders.
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Blue Apron 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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