Canada Pension Plan Investment Board decreased its position in shares of Shutterfly, Inc. (NASDAQ:SFLY) by 21.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,240 shares of the technology company’s stock after selling 33,600 shares during the period. Canada Pension Plan Investment Board owned 0.36% of Shutterfly worth $7,989,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in shares of Shutterfly during the second quarter valued at $253,000. Massachusetts Financial Services Co. MA bought a new position in shares of Shutterfly during the second quarter valued at $1,325,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Shutterfly during the second quarter valued at $624,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Shutterfly by 471.5% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,350 shares of the technology company’s stock valued at $3,273,000 after acquiring an additional 29,990 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Shutterfly by 2.4% during the second quarter. Comerica Bank now owns 35,010 shares of the technology company’s stock valued at $3,172,000 after acquiring an additional 836 shares during the last quarter.
In related news, SVP Satish Menon sold 25,000 shares of Shutterfly stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $48.09, for a total transaction of $1,202,250.00. Following the completion of the transaction, the senior vice president now owns 12,448 shares of the company’s stock, valued at $598,624.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy Layney sold 2,095 shares of Shutterfly stock in a transaction on Friday, September 21st. The stock was sold at an average price of $69.60, for a total transaction of $145,812.00. Following the transaction, the senior vice president now directly owns 12,970 shares of the company’s stock, valued at approximately $902,712. The disclosure for this sale can be found here. Insiders have sold 63,175 shares of company stock valued at $3,586,398 in the last three months. 0.80% of the stock is owned by insiders.
Several equities analysts have recently issued reports on the stock. Aegis reaffirmed a “buy” rating and set a $78.00 price target (down previously from $100.00) on shares of Shutterfly in a research note on Friday, November 30th. Zacks Investment Research raised shares of Shutterfly from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. ValuEngine downgraded shares of Shutterfly from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. SunTrust Banks reaffirmed a “buy” rating and set a $90.00 price target on shares of Shutterfly in a research note on Wednesday, November 14th. Finally, KeyCorp initiated coverage on shares of Shutterfly in a research note on Friday, November 9th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $91.80.
Shares of NASDAQ SFLY opened at $46.01 on Friday. Shutterfly, Inc. has a twelve month low of $44.13 and a twelve month high of $100.34. The firm has a market cap of $1.60 billion, a P/E ratio of 43.82, a PEG ratio of 0.69 and a beta of 1.37. The company has a quick ratio of 1.34, a current ratio of 1.39 and a debt-to-equity ratio of 2.24.
Shutterfly (NASDAQ:SFLY) last announced its earnings results on Tuesday, October 30th. The technology company reported ($2.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.42) by $0.22. Shutterfly had a negative net margin of 0.97% and a positive return on equity of 4.09%. The business had revenue of $368.76 million during the quarter, compared to the consensus estimate of $377.54 million. During the same quarter last year, the firm earned ($0.78) earnings per share. Shutterfly’s quarterly revenue was up 88.7% on a year-over-year basis. On average, research analysts predict that Shutterfly, Inc. will post 3.12 EPS for the current fiscal year.
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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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