We Are One Seven LLC increased its position in Shutterstock Inc (NYSE:SSTK) by 4.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 15,388 shares of the business services provider’s stock after purchasing an additional 721 shares during the period. We Are One Seven LLC’s holdings in Shutterstock were worth $603,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of SSTK. Clearbridge Investments LLC boosted its stake in shares of Shutterstock by 7.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,159,728 shares of the business services provider’s stock valued at $54,078,000 after buying an additional 80,587 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of Shutterstock by 6.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 761,090 shares of the business services provider’s stock valued at $35,490,000 after buying an additional 45,803 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Shutterstock by 31.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 719,341 shares of the business services provider’s stock valued at $25,903,000 after buying an additional 172,859 shares during the period. Norges Bank acquired a new stake in shares of Shutterstock during the 4th quarter valued at $15,654,000. Finally, Spark Investment Management LLC boosted its stake in shares of Shutterstock by 11.8% during the 1st quarter. Spark Investment Management LLC now owns 251,500 shares of the business services provider’s stock valued at $11,727,000 after buying an additional 26,600 shares during the period. 57.45% of the stock is owned by hedge funds and other institutional investors.
SSTK has been the topic of a number of recent research reports. SunTrust Banks restated a “buy” rating and set a $25.00 price target on shares of Cardlytics in a report on Tuesday, May 21st. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $41.00.
Shares of Shutterstock stock traded up $0.60 during midday trading on Wednesday, reaching $38.93. 7,753 shares of the company’s stock traded hands, compared to its average volume of 149,016. The stock has a market capitalization of $1.40 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 1.72 and a beta of 1.13. The firm has a 50 day moving average of $39.03. Shutterstock Inc has a 52 week low of $31.77 and a 52 week high of $55.76.
Shutterstock Company Profile
Shutterstock, Inc provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustrations, and video clips, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and music services comprising music tracks and sound effects that are used to complement digital imagery.
See Also: How to trade on quiet period expirations
Want to see what other hedge funds are holding SSTK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shutterstock Inc (NYSE:SSTK).
Receive News & Ratings for Shutterstock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shutterstock and related companies with MarketBeat.com's FREE daily email newsletter.