Jefferies Group LLC reduced its stake in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 99.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,547 shares of the technology company’s stock after selling 4,632,868 shares during the quarter. Jefferies Group LLC owned 0.12% of Shutterfly worth $1,868,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in SFLY. Bessemer Group Inc. acquired a new stake in Shutterfly during the 3rd quarter valued at approximately $112,000. SG Americas Securities LLC acquired a new stake in Shutterfly during the 3rd quarter valued at approximately $162,000. Buckhead Capital Management LLC acquired a new stake in Shutterfly during the 4th quarter valued at approximately $204,000. Wedge Capital Management L L P NC grew its stake in Shutterfly by 24.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 6,937 shares of the technology company’s stock valued at $345,000 after purchasing an additional 1,377 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Shutterfly by 31.2% during the 3rd quarter. Jane Street Group LLC now owns 8,816 shares of the technology company’s stock valued at $427,000 after purchasing an additional 2,096 shares in the last quarter.
In related news, CEO Christopher North sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $67.76, for a total transaction of $11,519,200.00. Following the completion of the transaction, the chief executive officer now owns 97,394 shares in the company, valued at approximately $6,599,417.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO John Boris sold 6,104 shares of the business’s stock in a transaction that occurred on Saturday, May 19th. The shares were sold at an average price of $37.75, for a total value of $230,426.00. Following the transaction, the chief marketing officer now owns 26,082 shares of the company’s stock, valued at approximately $984,595.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 271,209 shares of company stock valued at $19,135,865. Insiders own 0.80% of the company’s stock.
Shutterfly, Inc. (NASDAQ:SFLY) opened at $85.38 on Wednesday. The company has a market capitalization of $2,761.34, a P/E ratio of 77.20 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.38. Shutterfly, Inc. has a 12-month low of $39.76 and a 12-month high of $86.41.
Shutterfly (NASDAQ:SFLY) last issued its earnings results on Tuesday, January 30th. The technology company reported $3.11 EPS for the quarter, topping the consensus estimate of $2.86 by $0.25. The company had revenue of $593.80 million during the quarter, compared to analyst estimates of $556.40 million. Shutterfly had a return on equity of 6.99% and a net margin of 2.53%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.63 EPS. research analysts expect that Shutterfly, Inc. will post 2.09 earnings per share for the current year.
Shutterfly declared that its board has initiated a share buyback plan on Tuesday, January 30th that authorizes the company to buyback shares. This buyback authorization authorizes the technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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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