Arrowstreet Capital Limited Partnership Sells 6,700 Shares of Shutterfly, Inc. (SFLY)
Arrowstreet Capital Limited Partnership lowered its holdings in Shutterfly, Inc. (NASDAQ:SFLY) by 1.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 351,716 shares of the technology company’s stock after selling 6,700 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.05% of Shutterfly worth $16,707,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Shutterfly by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,903,180 shares of the technology company’s stock valued at $137,902,000 after purchasing an additional 64,361 shares during the period. Park West Asset Management LLC boosted its holdings in Shutterfly by 31.0% in the 1st quarter. Park West Asset Management LLC now owns 2,758,936 shares of the technology company’s stock valued at $133,229,000 after purchasing an additional 652,612 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Shutterfly by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,244,827 shares of the technology company’s stock valued at $59,130,000 after purchasing an additional 19,717 shares during the period. State Street Corp boosted its holdings in Shutterfly by 4.0% in the 2nd quarter. State Street Corp now owns 979,974 shares of the technology company’s stock valued at $46,554,000 after purchasing an additional 37,889 shares during the period. Finally, Rice Hall James & Associates LLC boosted its holdings in Shutterfly by 25.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 469,086 shares of the technology company’s stock valued at $22,282,000 after purchasing an additional 96,231 shares during the period.
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A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Shutterfly from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 17th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $47.00 price objective on shares of Shutterfly in a report on Wednesday. BidaskClub downgraded shares of Shutterfly from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. ValuEngine raised shares of Shutterfly from a “sell” rating to a “hold” rating in a report on Friday, September 22nd. Finally, SunTrust Banks, Inc. assumed coverage on shares of Shutterfly in a report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $53.45.
Shares of Shutterfly, Inc. (NASDAQ SFLY) traded down 0.12% during trading on Thursday, hitting $48.20. 62,326 shares of the stock traded hands. The stock has a 50-day moving average of $47.35 and a 200 day moving average of $48.41. Shutterfly, Inc. has a 1-year low of $41.91 and a 1-year high of $53.99. The company has a market cap of $1.61 billion, a P/E ratio of 293.90 and a beta of 0.90.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, July 25th. The technology company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.13). Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. The company had revenue of $209.03 million for the quarter, compared to the consensus estimate of $209.46 million. During the same quarter in the previous year, the firm earned ($0.48) earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Shutterfly, Inc. will post $0.41 EPS for the current fiscal year.
In other Shutterfly news, insider Lisa Blackwood-Kapral sold 1,250 shares of Shutterfly stock in a transaction that occurred 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 transaction, the insider now directly owns 1,250 shares of the company’s stock, valued at $58,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jason Sebring sold 644 shares of Shutterfly stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $48.30, for a total transaction of $31,105.20. 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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