Shutterfly, Inc. (SFLY) Holdings Increased by Legal & General Group Plc
Legal & General Group Plc raised its holdings in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 8.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,110 shares of the technology company’s stock after purchasing an additional 5,265 shares during the period. Legal & General Group Plc owned approximately 0.20% of Shutterfly worth $3,140,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of SFLY. Profund Advisors LLC purchased a new stake in Shutterfly during the 1st quarter valued at $305,000. Great West Life Assurance Co. Can boosted its stake in Shutterfly by 1,257.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 47,377 shares of the technology company’s stock valued at $2,285,000 after purchasing an additional 43,886 shares during the last quarter. First Trust Advisors LP boosted its stake in Shutterfly by 66.4% during the 1st quarter. First Trust Advisors LP now owns 32,520 shares of the technology company’s stock valued at $1,570,000 after purchasing an additional 12,971 shares during the last quarter. Elkfork Partners LLC purchased a new stake in Shutterfly during the 1st quarter valued at $116,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Shutterfly by 132.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 11,790 shares of the technology company’s stock valued at $569,000 after purchasing an additional 6,711 shares during the last quarter.
SFLY has been the topic of several recent analyst reports. SunTrust Banks, Inc. initiated coverage on Shutterfly in a research note on Tuesday, August 15th. They set a “buy” rating and a $56.00 target price on the stock. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, July 17th. TheStreet downgraded Shutterfly from a “b-” rating to a “c+” rating in a research note on Tuesday, June 13th. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $53.00 price target on shares of Shutterfly in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Shutterfly currently has a consensus rating of “Hold” and a consensus price target of $54.10.
In other Shutterfly news, SVP Tracy Layney sold 21,750 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $48.60, for a total value of $1,057,050.00. Following the sale, the senior vice president now directly owns 43,500 shares of the company’s stock, valued at $2,114,100. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Betsy Rafael sold 1,060 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $47.76, for a total transaction of $50,625.60. Following the completion of the sale, the director now directly owns 5,046 shares in the company, valued at $240,996.96. The disclosure for this sale can be found here. Insiders have sold 30,836 shares of company stock worth $1,493,826 over the last three months. Corporate insiders own 5.70% of the company’s stock.
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Shutterfly, Inc. (SFLY) opened at 48.32 on Friday. Shutterfly, Inc. has a 12-month low of $41.91 and a 12-month high of $53.99. The company has a market capitalization of $1.61 billion, a PE ratio of 294.63 and a beta of 0.89. The stock’s 50 day moving average price is $46.46 and its 200 day moving average price is $48.14.
Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, July 25th. The technology company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.13). The company had revenue of $209.03 million for the quarter, compared to analysts’ expectations of $209.46 million. Shutterfly had a net margin of 0.50% and a return on equity of 3.61%. Shutterfly’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.48) earnings per share. On average, equities analysts anticipate that Shutterfly, Inc. will post $0.47 EPS for the current fiscal year.
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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