Bayesian Capital Management LP Takes Position in Blue Apron Holdings Inc (APRN)

Bayesian Capital Management LP acquired a new stake in Blue Apron Holdings Inc (NYSE:APRN) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 102,520 shares of the company’s stock, valued at approximately $205,000. Bayesian Capital Management LP owned 0.05% of Blue Apron as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Blue Apron by 39.8% in 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. Goldman Sachs Group Inc. boosted its holdings in Blue Apron by 3,473.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 76,878 shares of the company’s stock valued at $310,000 after purchasing an additional 79,157 shares during the period. Teton Advisors Inc. bought a new stake in Blue Apron in the 1st quarter valued at about $225,000. SG Americas Securities LLC bought a new stake in Blue Apron in the 4th quarter valued at about $509,000. Finally, Lombard Odier Asset Management USA Corp bought a new stake in Blue Apron in the 4th quarter valued at about $705,000. 11.65% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. SunTrust Banks reissued a “hold” rating and issued a $2.70 price objective on shares of Blue Apron in a report on Wednesday, May 9th. Morgan Stanley cut their price target on shares of Blue Apron from $4.50 to $2.00 and set an “equal weight” rating for the company in a report on Friday, May 4th. Citigroup upped their price target on shares of Blue Apron from $2.25 to $2.50 and gave the stock a “neutral” rating in a report on Friday, May 4th. Stifel Nicolaus cut their price target on shares of Blue Apron from $4.00 to $3.50 and set a “hold” rating for the company in a report on Friday, May 4th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $8.00 price target on shares of Blue Apron in a report on Thursday, May 3rd. Sixteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Blue Apron currently has an average rating of “Hold” and an average price target of $5.67.

In related news, General Counsel Benjamin C. Singer sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 14th. The shares were sold at an average price of $3.05, for a total transaction of $30,500.00. Following the completion of the transaction, the general counsel now directly owns 15,940 shares in the company, valued at approximately $48,617. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ilia M. Papas sold 133,333 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $2.54, for a total transaction of $338,665.82. Following the transaction, the insider now owns 140,833 shares of the company’s stock, valued at $357,715.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 454,334 shares of company stock valued at $1,155,975. 56.24% of the stock is owned by corporate insiders.

Blue Apron opened at $3.38 on Thursday, Marketbeat Ratings reports. The company has a market cap of $614.35 million and a P/E ratio of -2.06. Blue Apron Holdings Inc has a 1 year low of $1.72 and a 1 year high of $11.00. The company has a quick ratio of 2.46, a current ratio of 2.91 and a debt-to-equity ratio of 0.63.

Blue Apron (NYSE:APRN) last released its quarterly earnings data on Thursday, May 3rd. The company reported ($0.17) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.07. The business had revenue of $196.70 million during the quarter, compared to analysts’ expectations of $197.26 million. Blue Apron had a negative net margin of 22.76% and a negative return on equity of 155.60%. Blue Apron’s quarterly revenue was down 19.6% on a year-over-year basis. research analysts expect that Blue Apron Holdings Inc will post -0.65 earnings per share for the current fiscal year.

Blue Apron Profile

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.

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

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