Tenzing Global Management LLC Takes $1.77 Million Position in Blue Apron Holdings Inc (NYSE:APRN)

Tenzing Global Management LLC acquired a new stake in Blue Apron Holdings Inc (NYSE:APRN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 262,499 shares of the company’s stock, valued at approximately $1,774,000. Blue Apron makes up approximately 0.9% of Tenzing Global Management LLC’s investment portfolio, making the stock its 14th largest position. Tenzing Global Management LLC owned approximately 2.01% of Blue Apron as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in APRN. River & Mercantile Asset Management LLP boosted its stake in shares of Blue Apron by 39.1% in the 1st quarter. River & Mercantile Asset Management LLP now owns 7,243,581 shares of the company’s stock valued at $7,059,000 after purchasing an additional 2,037,600 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of Blue Apron in the 1st quarter valued at $349,000. Parametric Portfolio Associates LLC purchased a new stake in shares of Blue Apron in the 2nd quarter valued at $579,000. Deutsche Bank AG boosted its stake in shares of Blue Apron by 126.3% in the 4th quarter. Deutsche Bank AG now owns 99,644 shares of the company’s stock valued at $101,000 after purchasing an additional 55,617 shares in the last quarter. Finally, Regal Investment Advisors LLC purchased a new stake in shares of Blue Apron in the 1st quarter valued at $36,000. 16.22% of the stock is owned by institutional investors.

APRN traded down $0.29 during trading on Tuesday, hitting $9.01. 413,185 shares of the stock traded hands, compared to its average volume of 542,071. The firm has a market capitalization of $121.74 million, a P/E ratio of -0.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.33 and a quick ratio of 1.76. The firm has a 50-day moving average of $7.85 and a 200 day moving average of $4.33. Blue Apron Holdings Inc has a 12-month low of $6.10 and a 12-month high of $28.27.



Blue Apron (NYSE:APRN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.59) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.08) by $0.49. The business had revenue of $119.20 million during the quarter, compared to analysts’ expectations of $138.13 million. Blue Apron had a negative net margin of 12.79% and a negative return on equity of 57.90%. The firm’s revenue for the quarter was down 33.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) EPS. As a group, equities analysts predict that Blue Apron Holdings Inc will post -4.59 EPS for the current fiscal year.

In other Blue Apron news, insider Linda F. Kozlowski sold 4,674 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $7.14, for a total transaction of $33,372.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 8,409 shares of company stock valued at $60,040 in the last three months. 40.83% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on APRN shares. Citigroup dropped their price target on shares of Blue Apron from $18.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. ValuEngine raised shares of Blue Apron from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.51.

About Blue Apron

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.

See Also: What is channel trading?

Want to see what other hedge funds are holding APRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Apron Holdings Inc (NYSE:APRN).

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

Receive News & Ratings for Blue Apron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Apron and related companies with MarketBeat.com's FREE daily email newsletter.