Thrivent Financial For Lutherans Grows Holdings in Shutterfly, Inc. (SFLY)
Thrivent Financial For Lutherans raised its stake in Shutterfly, Inc. (NASDAQ:SFLY) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,340 shares of the technology company’s stock after buying an additional 1,330 shares during the period. Thrivent Financial For Lutherans owned about 0.06% of Shutterfly worth $966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in SFLY. First Trust Advisors LP boosted its position in Shutterfly by 66.4% in the 1st quarter. First Trust Advisors LP now owns 32,520 shares of the technology company’s stock valued at $1,570,000 after buying an additional 12,971 shares during the period. Comerica Bank purchased a new stake in Shutterfly in the 1st quarter valued at about $1,927,000. UBS Asset Management Americas Inc. boosted its position in Shutterfly by 52.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 13,252 shares of the technology company’s stock valued at $640,000 after buying an additional 4,553 shares during the period. Karp Capital Management Corp purchased a new stake in Shutterfly in the 1st quarter valued at about $458,000. Finally, Texas Permanent School Fund purchased a new stake in Shutterfly in the 1st quarter valued at about $1,177,000.
In other news, VP Jason Sebring sold 644 shares of the business’s stock in a transaction that occurred 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 available at this link. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $46.56, for a total transaction of $58,200.00. Following the sale, the insider now owns 1,250 shares of the company’s stock, valued at approximately $58,200. The disclosure for this sale can be found here. 5.70% of the stock is owned by insiders.
SFLY has been the subject of several research reports. ValuEngine cut shares of Shutterfly from a “hold” rating to a “sell” rating in a research report on Wednesday, September 6th. BidaskClub cut shares of Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research raised shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a research report on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $53.00 price target on shares of Shutterfly in a research report on Friday, August 4th. Finally, SunTrust Banks, Inc. started coverage on shares of Shutterfly in a research report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.10.
Shares of Shutterfly, Inc. (NASDAQ:SFLY) opened at 48.70 on Friday. The stock has a market cap of $1.62 billion, a PE ratio of 296.95 and a beta of 0.90. Shutterfly, Inc. has a 52-week low of $41.91 and a 52-week high of $53.99. The company’s 50-day moving average is $47.03 and its 200-day moving average is $48.36.
Shutterfly (NASDAQ:SFLY) last issued its quarterly earnings results 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 return on equity of 3.61% and a net margin of 0.50%. The firm had revenue of $209.03 million during the quarter, compared to analysts’ expectations of $209.46 million. During the same quarter in the prior year, the firm earned ($0.48) EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Shutterfly, Inc. will post $0.41 EPS for the current 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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