November 23, 2016 - By Peter Kolinski
Satish Menon, the SVP – Chief Technology Officer of Shutterfly Inc, sold 25,000 shares of the company, with market value of approximately $1,255,878 USD, based on an avg price of $50.2 per each share. The date of deal was 22-11-2016, and it was made public in a SEC-filed document, which you can read here. Satish Menon holds exactly 0.15% of Shutterfly Inc’s market cap or 50,000 shares.
Out of 9 analysts covering Shutterfly (NASDAQ:SFLY), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. $52 is the highest target while $40 is the lowest. The $48.86 average target is -5.37% below today’s ($51.63) stock price. Shutterfly has been the topic of 18 analyst reports since July 30, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of SFLY in a report on Thursday, February 4 with “Outperform” rating. The stock has “Neutral” rating given by Bank of America on Thursday, February 4. The company was maintained on Thursday, April 28 by Goldman Sachs. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, April 28 report. On Thursday, October 27 the stock rating was upgraded by Axiom Capital to “Buy”. As per Wednesday, July 20, the company rating was downgraded by Axiom Capital. The firm earned “Buy” rating on Thursday, August 13 by Axiom Capital. The company was maintained on Thursday, July 30 by Barclays Capital. Axiom Capital maintained the shares of SFLY in a report on Saturday, August 29 with “Buy” rating. On Thursday, February 4 the stock rating was maintained by Axiom Capital with “Buy”.
Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q2. Its up 0.53, from 0.72 in 2016Q1. The ratio improved, as 27 funds sold all Shutterfly, Inc. shares owned while 60 reduced positions. 22 funds bought stakes while 41 increased positions. They now own 31.02 million shares or 4.26% less from 32.40 million shares in 2016Q1.
The Connecticut-based Paloma Prtnrs Mgmt has invested 0% in Shutterfly, Inc. (NASDAQ:SFLY). Guggenheim Ltd Llc last reported 34,820 shares in the company. The Georgia-based Buckhead Cap has invested 0.14% in Shutterfly, Inc. (NASDAQ:SFLY). The Massachusetts-based Portolan Capital Mngmt Limited Liability has invested 0.1% in Shutterfly, Inc. (NASDAQ:SFLY). Convergence Investment Prns Ltd Liability Corporation has 0.57% invested in the company for 88,768 shares. Blackrock Fund Advsr last reported 0.01% of its portfolio in the stock. Ameriprise has invested 0% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY). Moreover, Acadian Asset Mngmt Limited Liability Com has 0% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 4,509 shares. Art Advsrs Ltd Company accumulated 15,681 shares or 0.04% of the stock. Moreover, Ancora Advsrs Limited Liability has 0.65% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 119,151 shares. Hbk Ltd Partnership holds 0.02% or 51,700 shares in its portfolio. The Georgia-based Invesco Limited has invested 0% in Shutterfly, Inc. (NASDAQ:SFLY). Checchi Capital Advisers Ltd Liability Corporation last reported 0% of its portfolio in the stock. Goldman Sachs Group Inc owns 126,607 shares or 0% of their US portfolio. Rice Hall James And Assoc Limited Liability Company has 0.93% invested in the company for 347,523 shares.
Insider Transactions: Since August 8, 2016, the stock had 0 buys, and 10 insider sales for $3.21 million net activity. $324,813 worth of Shutterfly, Inc. (NASDAQ:SFLY) shares were sold by Lokuge Ishantha. On Tuesday, November 15 the insider BLACKWOOD-KAPRAL LISA sold $94,875. The insider POPE MICHAEL W sold 35,000 shares worth $1.68 million. HUGHES THOMAS DAVID sold $51,610 worth of stock. Wiley Roland Karl sold $324,365 worth of stock or 7,500 shares. Shares for $249,900 were sold by MATHER ANN.
The stock increased 1.28% or $0.65 during the last trading session, hitting $51.63. About 487,838 shares traded hands. Shutterfly, Inc. (NASDAQ:SFLY) has risen 7.78% since April 20, 2016 and is uptrending. It has outperformed by 3.22% the S&P500.
Shutterfly, Inc. is a manufacturer and digital retailer of personalized services and products offered through a family of lifestyle brands. The company has a market cap of $1.78 billion. The Firm offers a range of personalized photo services and products. It has a 33.62 P/E ratio. The Company’s divisions include Consumer, Enterprise and corporate.
According to Zacks Investment Research, “Shutterfly, Inc. is an Internet-based social expression and personal publishing service. Shutterfly provides a range of products and services that make it easy, convenient and fun for consumers to upload, edit, enhance, organize, find, share, create, print and preserve their digital photos in a creative and thoughtful manner. Shutterfly, Shutterfly.com and Collections are trademarks of Shutterfly, Inc. Its primary focus is on helping consumers manage their memories through the powerful medium of photos. We provide a full range of products and services that make it easy, convenient and fun for consumers to upload, edit, enhance, organize, find, share, create, print and preserve their digital photos in a creative and thoughtful manner. Consumers use its products and services to stay connected to their friends and family, to organize their memories in a single location, to tell stories and to preserve their memories for themselves and their children.”
More notable recent Shutterfly, Inc. (NASDAQ:SFLY) news were published by: Fool.com which released: “Why Shutterfly, Inc. Stock Fell 11.1% in September” on October 11, 2016, also Fool.com with their article: “Why Shutterfly Inc. Stock Popped Today” published on October 27, 2016, Businesswire.com published: “Shutterfly, Inc. Names Christopher North President and Chief Executive Officer” on March 17, 2016. More interesting news about Shutterfly, Inc. (NASDAQ:SFLY) were released by: 247Wallst.com and their article: “Does Jeff Bezos Really Want to Squash Shutterfly?” published on September 21, 2016 as well as Businesswire.com‘s news article titled: “Shutterfly, Inc. Announces Resignation of Philip Marineau from Board of Directors” with publication date: June 17, 2016.
Shutterfly, Inc., incorporated on April 23, 1999, is a maker and digital retailer of personalized services and products offered through a family of lifestyle brands. The Firm offers a range of personalized photo services and products. The Company’s divisions include Consumer, Enterprise and corporate. The Company’s services and products are offered through brands, including Shutterfly, Tiny Prints, Wedding Paper Divas, ThisLife, MyPublisher and BorrowLenses. The Shutterfly brand includes photo books, personalized holiday cards, announcements, invitations and stationery, as well as custom home decor products and photo gifts. The Shutterfly brand also includes online photo service.
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