Blair William & Co. IL raised its holdings in Blue Apron Holdings Inc (NYSE:APRN) by 7.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,162,095 shares of the company’s stock after acquiring an additional 82,900 shares during the quarter. Blair William & Co. IL’s holdings in Blue Apron were worth $1,999,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. River & Mercantile Asset Management LLP increased its holdings in Blue Apron by 3.7% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 4,025,413 shares of the company’s stock worth $13,425,000 after buying an additional 142,660 shares in the last quarter. Millennium Management LLC increased its holdings in Blue Apron by 285.7% in the 2nd quarter. Millennium Management LLC now owns 2,242,735 shares of the company’s stock worth $7,513,000 after buying an additional 1,661,211 shares in the last quarter. Northern Trust Corp increased its holdings in Blue Apron by 55.8% in the 2nd quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock worth $287,000 after buying an additional 30,625 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Blue Apron by 216.9% in the 3rd quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock worth $259,000 after buying an additional 102,982 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Blue Apron in the 3rd quarter worth about $208,000. 10.72% of the stock is currently owned by institutional investors.

Shares of NYSE:APRN opened at $1.10 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.65 and a debt-to-equity ratio of 0.60. Blue Apron Holdings Inc has a 12-month low of $1.02 and a 12-month high of $4.56.

Blue Apron (NYSE:APRN) last announced its quarterly earnings data on Tuesday, November 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.04. Blue Apron had a negative return on equity of 75.39% and a negative net margin of 19.25%. The company had revenue of $150.62 million during the quarter, compared to the consensus estimate of $157.20 million. During the same period in the previous year, the company posted ($0.47) EPS. The firm’s revenue was down 28.5% on a year-over-year basis. On average, sell-side analysts forecast that Blue Apron Holdings Inc will post -0.68 EPS for the current year.

In related news, insider Lainie Cooney sold 31,979 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $1.07, for a total value of $34,217.53. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder First Round Capital Iv, L.P. sold 1,300,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The stock was sold at an average price of $1.70, for a total value of $2,210,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,649,251 shares of company stock worth $2,662,962. 56.24% of the stock is owned by insiders.

Several equities research analysts recently commented on APRN shares. Zacks Investment Research upgraded Blue Apron from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. ValuEngine upgraded Blue Apron from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Canaccord Genuity downgraded Blue Apron from a “buy” rating to a “hold” rating and cut their price objective for the company from $6.00 to $3.00 in a research note on Wednesday, November 14th. Guggenheim downgraded Blue Apron from a “buy” rating to a “neutral” rating and set a $1.02 price objective for the company. in a research note on Thursday, November 15th. Finally, Stifel Nicolaus cut their price objective on Blue Apron from $2.00 to $1.50 and set a “hold” rating for the company in a research note on Thursday, November 15th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $2.28.

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About Blue Apron

Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.

See Also: Ex-Dividend

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Institutional Ownership by Quarter for Blue Apron (NYSE:APRN)

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