Oxford Asset Management lowered its position in Shutterfly, Inc. (NASDAQ:SFLY) by 27.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,167 shares of the company’s stock after selling 34,606 shares during the period. Oxford Asset Management’s holdings in Shutterfly were worth $4,675,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. First New York Securities LLC NY bought a new stake in shares of Shutterfly during the third quarter worth approximately $156,000. Teacher Retirement System of Texas raised its stake in shares of Shutterfly by 6.9% in the second quarter. Teacher Retirement System of Texas now owns 4,631 shares of the company’s stock worth $216,000 after buying an additional 300 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Shutterfly during the third quarter worth approximately $240,000. Alambic Investment Management L.P. bought a new stake in shares of Shutterfly during the third quarter worth approximately $254,000. Finally, SG Americas Securities LLC bought a new stake in shares of Shutterfly during the third quarter worth approximately $258,000. Institutional investors and hedge funds own 99.44% of the company’s stock.
Shares of Shutterfly, Inc. (NASDAQ:SFLY) traded up 0.75% on Tuesday, hitting $44.49. 314,843 shares of the stock were exchanged. The stock’s 50-day moving average is $49.61 and its 200-day moving average is $49.10. Shutterfly, Inc. has a 1-year low of $38.30 and a 1-year high of $54.60. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 98.87 and a beta of 1.20.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings data on Wednesday, February 1st. The company reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by $0.21. Shutterfly had a net margin of 1.40% and a return on equity of 3.04%. The firm earned $561.20 million during the quarter, compared to the consensus estimate of $583.80 million. During the same quarter last year, the business posted $3.57 earnings per share. Shutterfly’s revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Shutterfly, Inc. will post $0.59 earnings per share for the current year.
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A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Shutterfly from a “buy” rating to a “hold” rating in a report on Monday, January 30th. TheStreet upgraded shares of Shutterfly from a “c” rating to a “b” rating in a report on Wednesday, February 1st. RBC Capital Markets set a $57.00 price objective on shares of Shutterfly and gave the stock a “buy” rating in a report on Monday, October 24th. Jefferies Group LLC dropped their price objective on shares of Shutterfly from $52.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, February 2nd. Finally, Robert W. Baird downgraded shares of Shutterfly from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $59.00 to $47.00 in a research report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Shutterfly presently has an average rating of “Hold” and a consensus target price of $52.09.
In other news, SVP Satish Menon sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $50.24, for a total value of $1,256,000.00. Following the completion of the transaction, the senior vice president now directly owns 64,372 shares in the company, valued at $3,234,049.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Blackwood-Kapral sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $49.67, for a total transaction of $37,252.50. Following the completion of the transaction, the insider now owns 750 shares of the company’s stock, valued at $37,252.50. The disclosure for this sale can be found here. Insiders sold 35,150 shares of company stock valued at $1,760,120 over the last 90 days. 5.70% of the stock is owned by company insiders.
Shutterfly, Inc is a manufacturer and digital retailer of personalized products and services offered through a family of lifestyle brands. The Company offers a range of personalized photo-based products and services. The Company’s segments include Consumer, Enterprise and corporate. The Consumer segment sells the Company’s photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and also ships, as well as rents the BorrowLenses brand of products.
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