OppenheimerFunds Inc. trimmed its holdings in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 50.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,500 shares of the technology company’s stock after selling 8,715 shares during the quarter. OppenheimerFunds Inc.’s holdings in Shutterfly were worth $691,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in SFLY. O Shaughnessy Asset Management LLC acquired a new position in shares of Shutterfly during the 1st quarter worth approximately $187,000. Xact Kapitalforvaltning AB acquired a new position in shares of Shutterfly during the 4th quarter worth approximately $216,000. Meadow Creek Investment Management LLC raised its stake in shares of Shutterfly by 13.4% during the 4th quarter. Meadow Creek Investment Management LLC now owns 6,052 shares of the technology company’s stock worth $301,000 after buying an additional 714 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Shutterfly during the 4th quarter worth approximately $357,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Shutterfly during the 4th quarter worth approximately $516,000.
NASDAQ SFLY opened at $94.76 on Monday. Shutterfly, Inc. has a one year low of $39.76 and a one year high of $100.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.58 and a quick ratio of 1.56. The firm has a market capitalization of $3.12 billion, a P/E ratio of 90.25 and a beta of 0.90.
Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.73) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.95) by $0.22. Shutterfly had a return on equity of 7.80% and a net margin of 3.01%. The firm had revenue of $199.70 million during the quarter, compared to the consensus estimate of $192.02 million. During the same period in the prior year, the company earned ($0.84) EPS. The firm’s revenue was up 4.0% compared to the same quarter last year. sell-side analysts forecast that Shutterfly, Inc. will post 3.03 earnings per share for the current year.
Several brokerages have recently weighed in on SFLY. BidaskClub downgraded Shutterfly from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Robert W. Baird increased their price objective on Shutterfly to $85.00 and gave the company a “neutral” rating in a research note on Friday, April 6th. SunTrust Banks reissued a “buy” rating and issued a $111.00 price objective on shares of Shutterfly in a research note on Tuesday, June 5th. ValuEngine raised Shutterfly from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research raised Shutterfly from a “hold” rating to a “strong-buy” rating and set a $109.00 price objective for the company in a research note on Friday, May 4th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $86.33.
In other Shutterfly news, VP Jason Sebring sold 3,125 shares of the company’s stock in a transaction on Tuesday, June 19th. The stock was sold at an average price of $93.90, for a total value of $293,437.50. Following the completion of the sale, the vice president now directly owns 3,125 shares in the company, valued at approximately $293,437.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP John Boris sold 23,907 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $79.39, for a total value of $1,897,976.73. Following the completion of the sale, the senior vice president now owns 7,500 shares of the company’s stock, valued at $595,425. The disclosure for this sale can be found here. Over the last three months, insiders sold 129,161 shares of company stock valued at $11,783,212. 0.80% of the stock is owned by corporate insiders.
Shutterfly, Inc manufactures and retails personalized products and services primarily in the United States, Canada, and the European Community. The company operates through Consumer and Shutterfly Business Solutions segments. It offers a range of personalized photo-based products and services that enable consumers to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.
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