OxFORD Asset Management LLP purchased a new stake in Shutterfly, Inc. (NASDAQ:SFLY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 119,262 shares of the technology company’s stock, valued at approximately $5,782,000. OxFORD Asset Management LLP owned approximately 0.36% of Shutterfly at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Shutterfly by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,248,187 shares of the technology company’s stock valued at $60,512,000 after acquiring an additional 3,360 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Shutterfly by 8.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 225,375 shares of the technology company’s stock valued at $10,927,000 after purchasing an additional 18,114 shares during the last quarter. Wells Fargo & Company MN increased its stake in Shutterfly by 24.8% in the third quarter. Wells Fargo & Company MN now owns 74,424 shares of the technology company’s stock valued at $3,608,000 after purchasing an additional 14,779 shares during the last quarter. American International Group Inc. increased its stake in Shutterfly by 5.6% in the third quarter. American International Group Inc. now owns 26,884 shares of the technology company’s stock valued at $1,303,000 after purchasing an additional 1,420 shares during the last quarter. Finally, Cipher Capital LP increased its stake in Shutterfly by 11.7% in the third quarter. Cipher Capital LP now owns 101,349 shares of the technology company’s stock valued at $4,914,000 after purchasing an additional 10,579 shares during the last quarter.
In related news, SVP Ishantha Lokuge sold 7,162 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $48.85, for a total transaction of $349,863.70. Following the completion of the sale, the senior vice president now directly owns 7,162 shares in the company, valued at $349,863.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Jason Sebring sold 644 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $48.30, for a total value of $31,105.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,363 shares of company stock worth $3,077,580. 0.80% of the stock is owned by insiders.
Shutterfly (NASDAQ:SFLY) last posted its earnings results on Tuesday, October 24th. The technology company reported ($0.78) EPS for the quarter, beating the consensus estimate of ($0.79) by $0.01. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The firm had revenue of $195.44 million for the quarter, compared to analysts’ expectations of $191.65 million. During the same period last year, the firm earned ($0.86) EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. research analysts forecast that Shutterfly, Inc. will post 0.45 EPS for the current year.
SFLY has been the subject of several research analyst reports. Zacks Investment Research lowered Shutterfly from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 17th. ValuEngine lowered Shutterfly from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $47.00 target price on shares of Shutterfly in a research report on Wednesday, October 11th. Finally, Aegis reissued a “buy” rating and issued a $56.00 price target on shares of Shutterfly in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Shutterfly presently has an average rating of “Hold” and a consensus target price of $53.50.
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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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