Eaton Vance Management Increases Holdings in Shutterfly, Inc. (SFLY)
Eaton Vance Management raised its position in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,184 shares of the technology company’s stock after purchasing an additional 25 shares during the period. Eaton Vance Management owned 0.06% of Shutterfly worth $911,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LS Investment Advisors LLC grew its holdings in Shutterfly by 132.9% during the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock valued at $137,000 after purchasing an additional 1,648 shares during the period. Meadow Creek Investment Management LLC bought a new position in Shutterfly during the first quarter valued at $141,000. Ameritas Investment Partners Inc. bought a new position in Shutterfly during the first quarter valued at $144,000. Amalgamated Bank grew its holdings in Shutterfly by 8.2% during the first quarter. Amalgamated Bank now owns 4,591 shares of the technology company’s stock valued at $222,000 after purchasing an additional 346 shares during the period. Finally, Pacad Investment Ltd. grew its holdings in Shutterfly by 50.0% during the second quarter. Pacad Investment Ltd. now owns 4,800 shares of the technology company’s stock valued at $228,000 after purchasing an additional 1,600 shares during the period.
Several brokerages have weighed in on SFLY. ValuEngine raised Shutterfly from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Zacks Investment Research raised Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a report on Friday, July 28th. TheStreet lowered Shutterfly from a “b-” rating to a “c+” rating in a report on Tuesday, June 13th. BidaskClub lowered Shutterfly from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $53.00 price objective on shares of Shutterfly in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $54.10.
Shares of Shutterfly, Inc. (NASDAQ SFLY) opened at 47.45 on Friday. The firm’s 50 day moving average price is $46.45 and its 200 day moving average price is $48.21. Shutterfly, Inc. has a 52-week low of $41.91 and a 52-week high of $53.99. The stock has a market cap of $1.58 billion, a P/E ratio of 289.33 and a beta of 0.89.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.13). Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The business had revenue of $209.03 million for the quarter, compared to the consensus estimate of $209.46 million. During the same period in the previous year, the firm earned ($0.48) EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, analysts expect that Shutterfly, Inc. will post $0.47 EPS for the current year.
In other news, VP Jason Sebring sold 644 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.30, for a total transaction of $31,105.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $46.56, for a total transaction of $58,200.00. Following the sale, the insider now directly owns 1,250 shares of the company’s stock, valued at approximately $58,200. The disclosure for this sale can be found here. Insiders own 5.70% of the company’s stock.
Shutterfly Company Profile
Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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