Rothschild Asset Management Inc. reduced its position in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,631 shares of the technology company’s stock after selling 2,334 shares during the period. Rothschild Asset Management Inc. owned approximately 0.15% of Shutterfly worth $2,452,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SFLY. Elkfork Partners LLC purchased a new position in Shutterfly during the first quarter worth $116,000. LS Investment Advisors LLC increased its position in Shutterfly by 132.9% in the second quarter. LS Investment Advisors LLC now owns 2,888 shares of the technology company’s stock valued at $137,000 after buying an additional 1,648 shares during the period. Meadow Creek Investment Management LLC bought a new position in Shutterfly during the first quarter valued at approximately $141,000. Ameritas Investment Partners Inc. bought a new position in Shutterfly during the first quarter valued at approximately $144,000. Finally, State of Alaska Department of Revenue bought a new position in Shutterfly during the first quarter valued at approximately $180,000.
Shares of Shutterfly, Inc. (SFLY) traded down 1.42% during trading on Friday, hitting $44.99. The stock had a trading volume of 407,810 shares. The firm’s 50-day moving average is $47.34 and its 200 day moving average is $48.12. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 274.33 and a beta of 0.85. Shutterfly, Inc. has a 52-week low of $41.91 and a 52-week high of $53.99.
Shutterfly (NASDAQ:SFLY) last posted 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. The company had revenue of $209.03 million during 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 revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.48) earnings per share. On average, analysts expect that Shutterfly, Inc. will post $0.47 EPS for the current year.
Several analysts recently issued reports on SFLY shares. ValuEngine upgraded Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Zacks Investment Research upgraded Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research report on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and set a $53.00 target price (up previously from $46.00) on shares of Shutterfly in a research report on Wednesday, April 26th. BidaskClub cut Shutterfly from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $57.00 price target on shares of Shutterfly in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $54.10.
In related news, SVP Tracy Layney sold 21,750 shares of the stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $48.60, for a total value of $1,057,050.00. Following the completion of the transaction, the senior vice president now directly owns 43,500 shares in the company, valued at $2,114,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa Blackwood-Kapral sold 1,250 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $46.56, for a total value of $58,200.00. Following the completion of the transaction, the insider now owns 1,250 shares of the company’s stock, valued at $58,200. The disclosure for this sale can be found here. Insiders sold 61,540 shares of company stock valued at $3,016,780 over the last 90 days. Company insiders own 5.70% of the company’s stock.
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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