UBS Asset Management Americas Inc. Maintains Stake in Shutterfly, Inc. (SFLY)
UBS Asset Management Americas Inc. continued to hold its position in Shutterfly, Inc. (NASDAQ:SFLY) during the third quarter, according to its most recent filing with the SEC. The firm owned 25,120 shares of the company’s stock at the end of the third quarter. UBS Asset Management Americas Inc. owned about 0.07% of Shutterfly worth $1,121,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. Oxford Asset Management boosted its position in Shutterfly by 39.7% in the second quarter. Oxford Asset Management now owns 296,153 shares of the company’s stock valued at $13,804,000 after buying an additional 84,221 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of Shutterfly by 11.9% in the third quarter. Rice Hall James & Associates LLC now owns 389,018 shares of the company’s stock valued at $17,366,000 after buying an additional 41,495 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Shutterfly by 27.7% in the second quarter. Macquarie Group Ltd. now owns 439,012 shares of the company’s stock valued at $20,462,000 after buying an additional 95,257 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Shutterfly by 14.2% in the second quarter. Ameriprise Financial Inc. now owns 61,644 shares of the company’s stock valued at $2,873,000 after buying an additional 7,675 shares during the last quarter. Finally, Royce & Associates LP purchased a new stake in shares of Shutterfly during the second quarter valued at $2,237,000. 98.47% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Shutterfly, Inc. (NASDAQ:SFLY) traded up 0.63% on Friday, hitting $52.84. The stock had a trading volume of 177,328 shares. Shutterfly, Inc. has a 12 month low of $35.91 and a 12 month high of $54.60. The company’s 50 day moving average price is $50.79 and its 200-day moving average price is $48.90. The company has a market cap of $1.79 billion, a P/E ratio of 32.50 and a beta of 1.19.
Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings results on Wednesday, October 26th. The company reported ($0.86) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.92) by $0.06. Shutterfly had a return on equity of 10.48% and a net margin of 5.00%. The business had revenue of $187.30 million for the quarter, compared to the consensus estimate of $183.59 million. During the same period last year, the business posted ($1.25) EPS. The business’s revenue was up 11.8% compared to the same quarter last year. On average, analysts expect that Shutterfly, Inc. will post $0.66 earnings per share for the current year.
Several brokerages recently weighed in on SFLY. Aegis began coverage on Shutterfly in a research note on Wednesday, November 30th. They issued a “buy” rating and a $62.00 price target on the stock. Zacks Investment Research raised Shutterfly from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Thursday, December 22nd. RBC Capital Markets set a $57.00 price target on Shutterfly and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Axiom Securities reaffirmed a “hold” rating and issued a $52.00 price target on shares of Shutterfly in a research note on Friday, September 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $56.00 price target on shares of Shutterfly in a research note on Thursday, October 27th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.54.
In other Shutterfly news, SVP Ishantha Lokuge sold 7,500 shares of Shutterfly stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $43.31, for a total transaction of $324,825.00. Following the completion of the sale, the senior vice president now owns 3,930 shares of the company’s stock, valued at approximately $170,208.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael W. Pope sold 35,000 shares of Shutterfly stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $47.91, for a total value of $1,676,850.00. Following the sale, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at approximately $838,425. The disclosure for this sale can be found here. Corporate insiders own 5.70% of the company’s stock.
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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