Wells Fargo & Company MN Invests $627,000 in Blue Apron Holdings Inc (APRN) Stock

Wells Fargo & Company MN acquired a new stake in shares of Blue Apron Holdings Inc (NASDAQ:APRN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 67,160 shares of the company’s stock, valued at approximately $627,000. Wells Fargo & Company MN owned about 0.22% of Blue Apron Holdings as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at about $31,439,000. Victory Capital Management Inc. purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at about $14,010,000. Legal & General Group Plc purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at about $187,000. SG Americas Securities LLC purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at about $264,000. Finally, LMR Partners LLP purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at about $2,195,000.

Several equities analysts have issued reports on the stock. Citigroup Inc. cut shares of Blue Apron Holdings from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $5.50 in a research note on Friday, August 11th. CIBC assumed coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They set an “outperform” rating and a $11.00 target price on the stock. Zacks Investment Research cut shares of Blue Apron Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They set a “buy” rating and a $11.00 target price on the stock. Finally, Royal Bank Of Canada upped their target price on shares of Blue Apron Holdings from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $7.12.

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Blue Apron Holdings Inc (APRN) opened at $3.09 on Friday. Blue Apron Holdings Inc has a one year low of $3.03 and a one year high of $11.00.

Blue Apron Holdings (NASDAQ:APRN) last released its earnings results on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.04). The business had revenue of $210.60 million for the quarter, compared to the consensus estimate of $191.47 million. During the same quarter last year, the firm posted ($0.56) EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year.

In other Blue Apron Holdings news, major shareholder First Round Capital Iv, L.P. sold 1,460,435 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $3.26, for a total transaction of $4,761,018.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Blue Apron Holdings Company 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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