Point72 Asset Management L.P. increased its stake in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 80.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,083 shares of the technology company’s stock after acquiring an additional 16,953 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.12% of Shutterfly worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bessemer Group Inc. bought a new stake in shares of Shutterfly during the third quarter valued at approximately $112,000. Riverhead Capital Management LLC boosted its position in shares of Shutterfly by 62.1% during the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the technology company’s stock valued at $116,000 after purchasing an additional 931 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Shutterfly during the second quarter valued at approximately $119,000. SG Americas Securities LLC bought a new stake in shares of Shutterfly during the third quarter valued at approximately $162,000. Finally, Pinebridge Investments L.P. raised its stake in Shutterfly by 1.4% during the second quarter. Pinebridge Investments L.P. now owns 4,450 shares of the technology company’s stock valued at $211,000 after buying an additional 60 shares during the last quarter.
Shutterfly, Inc. (SFLY) traded up $0.70 during trading on Friday, reaching $53.08. The company had a trading volume of 1,230,000 shares, compared to its average volume of 594,207. Shutterfly, Inc. has a 12 month low of $39.76 and a 12 month high of $53.99. The stock has a market capitalization of $1,719.77, a PE ratio of 84.48 and a beta of 0.84.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.79) by $0.01. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The business had revenue of $195.44 million during the quarter, compared to analyst estimates of $191.65 million. During the same quarter in the previous year, the company posted ($0.86) earnings per share. Shutterfly’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts predict that Shutterfly, Inc. will post 0.45 EPS for the current fiscal year.
A number of research analysts have issued reports on the company. SunTrust Banks lifted their price objective on Shutterfly to $60.00 and gave the company a “buy” rating in a research note on Friday. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. BidaskClub upgraded Shutterfly from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Aegis restated a “buy” rating and issued a $56.00 price target on shares of Shutterfly in a research note on Tuesday, October 24th. Finally, Zacks Investment Research cut Shutterfly from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $54.00.
In related news, SVP Ishantha Lokuge sold 2,838 shares of the business’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $48.27, for a total value of $136,990.26. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Satish Menon sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $42.30, for a total value of $1,057,500.00. Following the completion of the sale, the senior vice president now owns 38,221 shares in the company, valued at $1,616,748.30. The disclosure for this sale can be found here. Insiders have sold 71,003 shares of company stock valued at $3,060,675 in the last three months. 0.80% of the stock is currently owned by corporate insiders.
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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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