Victory Capital Management Inc. reduced its stake in shares of Blue Apron Holdings, Inc. (NYSE:APRN) by 94.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,880 shares of the company’s stock after selling 1,417,120 shares during the quarter. Victory Capital Management Inc. owned about 0.28% of Blue Apron worth $452,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Obermeyer Wood Investment Counsel Lllp acquired a new position in Blue Apron during the 2nd quarter worth $110,000. Royal Bank of Canada acquired a new position in Blue Apron during the 2nd quarter worth $141,000. Legal & General Group Plc acquired a new position in Blue Apron during the 2nd quarter worth $187,000. DekaBank Deutsche Girozentrale acquired a new position in Blue Apron during the 2nd quarter worth $220,000. Finally, SG Americas Securities LLC acquired a new position in Blue Apron during the 2nd quarter worth $264,000. Hedge funds and other institutional investors own 92.53% of the company’s stock.
APRN has been the subject of a number of analyst reports. Needham & Company LLC reiterated 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. Zacks Investment Research lowered Blue Apron from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $5.50 price target on shares of Blue Apron in a research report on Tuesday, October 24th. Royal Bank Of Canada reiterated an “outperform” rating and set a $8.00 price target (down previously from $10.00) on shares of Blue Apron in a research report on Tuesday, August 8th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Blue Apron in a research report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $7.12.
Shares of Blue Apron Holdings, Inc. (NYSE APRN) opened at $3.13 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15. Blue Apron Holdings, Inc. has a twelve month low of $2.94 and a twelve month high of $11.00.
Blue Apron (NYSE:APRN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.43) by ($0.04). The firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $191.47 million. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted ($0.56) EPS. equities analysts anticipate that Blue Apron Holdings, Inc. will post -1.66 EPS for the current fiscal year.
In other news, major shareholder First Round Capital Iv, L.P. sold 77,647 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $3.13, for a total transaction of $243,035.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder First Round Capital Iv Partner sold 65,728 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $3.03, for a total value of $199,155.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,008,250 shares of company stock valued at $6,440,187.
Blue Apron 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.
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