Stifel Financial Corp bought a new stake in shares of Blue Apron Holdings Inc (NYSE:APRN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 147,914 shares of the company’s stock, valued at approximately $805,000. Stifel Financial Corp owned 0.49% of Blue Apron as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of APRN. Russell Investments Group Ltd. bought a new position in Blue Apron during the 2nd quarter valued at about $464,000. SG Americas Securities LLC bought a new position in Blue Apron during the 2nd quarter valued at about $264,000. Legal & General Group Plc bought a new position in Blue Apron during the 2nd quarter valued at about $187,000. Victory Capital Management Inc. bought a new position in Blue Apron during the 2nd quarter valued at about $14,010,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Blue Apron during the 2nd quarter valued at about $31,439,000. Institutional investors and hedge funds own 58.35% of the company’s stock.
Shares of Blue Apron Holdings Inc (APRN) opened at $3.41 on Friday. The stock has a market cap of $648.08 and a P/E ratio of -3.25. Blue Apron Holdings Inc has a fifty-two week low of $2.94 and a fifty-two week high of $11.00. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48.
Blue Apron (NYSE:APRN) last released its earnings results on Thursday, November 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.04). The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $191.47 million. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned ($0.56) earnings per share. analysts predict that Blue Apron Holdings Inc will post -1.71 earnings per share for the current fiscal year.
In other Blue Apron news, major shareholder First Round Capital Iv, L.P. sold 1,460,435 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brad Dickerson acquired 40,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $3.87 per share, with a total value of $154,800.00. Following the completion of the acquisition, the chief executive officer now owns 40,000 shares in the company, valued at $154,800. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 245,000 shares of company stock valued at $959,450 and sold 2,010,459 shares valued at $6,446,924.
Several equities research analysts have recently commented on APRN shares. Canaccord Genuity reduced their price target on shares of Blue Apron from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target (down previously from $6.50) on shares of Blue Apron in a research report on Friday, November 3rd. Guggenheim started coverage on shares of Blue Apron in a research report on Monday, September 25th. They set a “buy” rating and a $9.00 price target for the company. Barclays raised shares of Blue Apron from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $3.00 to $4.00 in a research report on Monday, December 4th. Finally, Zacks Investment Research raised shares of Blue Apron from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.04.
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About Blue Apron
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.
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