Todays Report: Today, Shutterfly Inc. (SFLY) SVP Sold $1,256,000.00 in Stock

Today, Shutterfly Inc. (SFLY) SVP Sold $1,256,000.00 in Stock

Shutterfly Inc. (NASDAQ:SFLY) SVP Satish Menon sold 25,000 shares of the company’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $50.24, for a total transaction of $1,256,000.00. Following the completion of the transaction, the senior vice president now owns 64,372 shares of the company’s stock, valued at approximately $3,234,049.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Shutterfly Inc. (NASDAQ:SFLY) opened at 51.67 on Friday. The stock has a market cap of $1.75 billion, a P/E ratio of 31.78 and a beta of 1.30. Shutterfly Inc. has a 52-week low of $35.91 and a 52-week high of $54.60. The firm has a 50-day moving average of $46.99 and a 200-day moving average of $48.17.

Shutterfly (NASDAQ:SFLY) last posted its quarterly earnings data on Wednesday, October 26th. The company reported ($0.86) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.06. The firm earned $187.30 million during the quarter, compared to analysts’ expectations of $183.59 million. Shutterfly had a net margin of 5.00% and a return on equity of 10.48%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the company posted ($1.25) EPS. On average, equities analysts expect that Shutterfly Inc. will post $0.63 EPS for the current fiscal year.

Several research analysts have recently issued reports on the stock. Jefferies Group reiterated a “hold” rating and issued a $52.00 price objective (down from $55.00) on shares of Shutterfly in a report on Friday, October 28th. Zacks Investment Research upgraded shares of Shutterfly from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a report on Friday, October 28th. Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price objective on shares of Shutterfly in a report on Thursday, October 27th. Axiom Securities upgraded shares of Shutterfly from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, October 27th. Finally, RBC Capital Markets set a $57.00 price objective on shares of Shutterfly and gave the company a “buy” rating in a report on Monday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $52.58.

A number of large investors have recently bought and sold shares of SFLY. Oxford Asset Management boosted its stake 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 last quarter. Rice Hall James & Associates LLC boosted its stake in Shutterfly by 0.8% in the second quarter. Rice Hall James & Associates LLC now owns 347,523 shares of the company’s stock valued at $16,198,000 after buying an additional 2,637 shares during the last quarter. Boothbay Fund Management LLC boosted its stake in Shutterfly by 6.0% in the first quarter. Boothbay Fund Management LLC now owns 46,560 shares of the company’s stock valued at $2,159,000 after buying an additional 2,641 shares during the last quarter. BlackRock Group LTD boosted its stake in Shutterfly by 82.8% in the first quarter. BlackRock Group LTD now owns 38,275 shares of the company’s stock valued at $1,775,000 after buying an additional 17,332 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in 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. Hedge funds and other institutional investors own 98.17% of the company’s stock.

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