175,000 Shares in Blue Apron Holdings Inc (APRN) Purchased by Lombard Odier Asset Management USA Corp
Lombard Odier Asset Management USA Corp acquired a new stake in shares of Blue Apron Holdings Inc (NYSE:APRN) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 175,000 shares of the company’s stock, valued at approximately $705,000.
Several other large investors also recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP raised its stake in shares of Blue Apron by 113.9% during the 4th quarter. River & Mercantile Asset Management LLP now owns 2,222,005 shares of the company’s stock valued at $8,966,000 after purchasing an additional 1,183,136 shares during the period. Westpac Banking Corp raised its stake in shares of Blue Apron by 170.2% during the 4th quarter. Westpac Banking Corp now owns 576,324 shares of the company’s stock valued at $2,323,000 after purchasing an additional 363,044 shares during the period. Vanguard Group Inc. bought a new stake in shares of Blue Apron during the 2nd quarter valued at $4,892,000. Geode Capital Management LLC raised its stake in shares of Blue Apron by 39.8% during the 4th quarter. Geode Capital Management LLC now owns 156,799 shares of the company’s stock valued at $631,000 after purchasing an additional 44,602 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Blue Apron during the 3rd quarter valued at $805,000. Institutional investors own 75.11% of the company’s stock.
In other news, CTO Ilia M. Papas sold 133,333 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $3.54, for a total value of $471,998.82. Following the completion of the transaction, the chief technology officer now directly owns 140,833 shares in the company, valued at approximately $498,548.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Timothy J. Smith acquired 25,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was purchased at an average price of $3.89 per share, with a total value of $97,250.00. Following the completion of the acquisition, the senior vice president now directly owns 28,386 shares in the company, valued at approximately $110,421.54. The disclosure for this purchase can be found here. Insiders bought a total of 245,000 shares of company stock valued at $959,450 over the last quarter.
Blue Apron (NYSE:APRN) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.07. Blue Apron had a negative return on equity of 787.55% and a negative net margin of 23.85%. The firm had revenue of $187.70 million during the quarter, compared to analysts’ expectations of $186.13 million. During the same period in the prior year, the business earned ($0.39) EPS. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. sell-side analysts predict that Blue Apron Holdings Inc will post -0.72 EPS for the current fiscal year.
APRN has been the topic of a number of analyst reports. Zacks Investment Research upgraded Blue Apron from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. KeyCorp began coverage on Blue Apron in a research note on Monday, November 20th. They issued a “sector weight” rating on the stock. Royal Bank of Canada lowered Blue Apron from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $6.00 to $4.00 in a research note on Friday, December 1st. Barclays upgraded Blue Apron from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $3.00 to $4.00 in a research note on Monday, December 4th. Finally, Gabelli began coverage on Blue Apron in a research note on Friday, February 2nd. They issued a “buy” rating and a $6.00 target price on the stock. Fifteen research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.70.
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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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