Deutsche Bank AG increased its holdings in Blue Apron Holdings Inc (NYSE:APRN) by 126.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,644 shares of the company’s stock after purchasing an additional 55,617 shares during the quarter. Deutsche Bank AG owned 0.05% of Blue Apron worth $101,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in APRN. River & Mercantile Asset Management LLP boosted its stake in Blue Apron by 25.3% in the 4th quarter. River & Mercantile Asset Management LLP now owns 5,205,981 shares of the company’s stock worth $5,388,000 after buying an additional 1,052,592 shares during the last quarter. Geode Capital Management LLC boosted its stake in Blue Apron by 94.5% in the 4th quarter. Geode Capital Management LLC now owns 545,215 shares of the company’s stock worth $556,000 after buying an additional 264,970 shares during the last quarter. RBF Capital LLC acquired a new stake in Blue Apron in the 4th quarter worth about $505,000. Two Sigma Investments LP acquired a new stake in Blue Apron in the 4th quarter worth about $297,000. Finally, Virtu Financial LLC boosted its stake in Blue Apron by 890.8% in the 4th quarter. Virtu Financial LLC now owns 101,838 shares of the company’s stock worth $104,000 after buying an additional 91,560 shares during the last quarter. 13.08% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on APRN shares. ValuEngine raised Blue Apron from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Zacks Investment Research upgraded Blue Apron from a “hold” rating to a “buy” rating and set a $1.50 price objective on the stock in a report on Tuesday, February 26th. Finally, SunTrust Banks restated a “hold” rating and set a $1.70 price objective on shares of Blue Apron in a report on Sunday, April 7th. Nine equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $1.66.
In other news, CFO Timothy Bensley sold 44,055 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $0.69, for a total transaction of $30,397.95. Following the sale, the chief financial officer now directly owns 82,226 shares of the company’s stock, valued at $56,735.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Linda F. Kozlowski sold 45,689 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $0.69, for a total value of $31,525.41. Following the sale, the chief executive officer now directly owns 98,143 shares in the company, valued at $67,718.67. The disclosure for this sale can be found here. Insiders sold a total of 103,928 shares of company stock worth $71,710 in the last three months. Company insiders own 56.24% of the company’s stock.
Shares of APRN stock opened at $0.60 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.21 and a debt-to-equity ratio of 0.70. Blue Apron Holdings Inc has a 1 year low of $0.60 and a 1 year high of $4.15. The firm has a market cap of $126.80 million, a price-to-earnings ratio of -0.95 and a beta of 1.46.
Blue Apron (NYSE:APRN) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. Blue Apron had a negative return on equity of 70.16% and a negative net margin of 15.63%. The company had revenue of $141.89 million during the quarter, compared to analyst estimates of $149.79 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. The firm’s quarterly revenue was down 27.9% on a year-over-year basis. Equities analysts expect that Blue Apron Holdings Inc will post -0.24 EPS for the current year.
Blue Apron Profile
Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and supplies poultry, beef, and lamb.
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