Thrivent Financial For Lutherans Purchases Shares of 19,010 Shutterfly, Inc. (SFLY)

Thrivent Financial For Lutherans purchased a new position in shares of Shutterfly, Inc. (NASDAQ:SFLY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,010 shares of the technology company’s stock, valued at approximately $918,000.

A number of other large investors also recently bought and sold shares of the stock. Elkfork Partners LLC bought a new stake in Shutterfly during the first quarter worth about $116,000. Meadow Creek Investment Management LLC bought a new stake in Shutterfly during the first quarter worth about $141,000. Ameritas Investment Partners Inc. bought a new stake in Shutterfly during the first quarter worth about $144,000. State of Alaska Department of Revenue bought a new stake in Shutterfly during the first quarter worth about $180,000. Finally, AQR Capital Management LLC bought a new stake in Shutterfly during the fourth quarter worth about $209,000. 98.67% of the stock is currently owned by institutional investors.

Shutterfly, Inc. (SFLY) opened at 47.045 on Monday. The stock has a 50 day moving average price of $49.30 and a 200-day moving average price of $49.08. Shutterfly, Inc. has a 12-month low of $41.91 and a 12-month high of $54.60. The stock has a market cap of $1.59 billion, a P/E ratio of 134.799 and a beta of 0.85.

Shutterfly (NASDAQ:SFLY) last announced its quarterly earnings data on Tuesday, April 25th. The technology company reported ($0.84) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.03) by $0.19. Shutterfly had a return on equity of 3.29% and a net margin of 1.06%. The firm had revenue of $191.97 million for the quarter, compared to analysts’ expectations of $187.34 million. During the same quarter in the prior year, the firm posted ($0.85) earnings per share. Shutterfly’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts expect that Shutterfly, Inc. will post $0.56 earnings per share for the current year.

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A number of equities research analysts have issued reports on the company. Aegis reaffirmed a “buy” rating and issued a $57.00 price target on shares of Shutterfly in a research report on Wednesday, April 26th. TheStreet lowered Shutterfly from a “b-” rating to a “c+” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised Shutterfly from a “sell” rating to a “hold” rating in a research report on Tuesday, April 11th. Cantor Fitzgerald increased their price target on Shutterfly from $50.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Finally, BidaskClub lowered Shutterfly from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Shutterfly currently has an average rating of “Hold” and a consensus price target of $53.20.

In other Shutterfly news, Director William J. Lansing acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was acquired at an average cost of $52.02 per share, with a total value of $1,040,400.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,040,400. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 1,662 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $49.86, for a total value of $82,867.32. Following the completion of the transaction, the director now directly owns 6,799 shares of the company’s stock, valued at $338,998.14. The disclosure for this sale can be found here. Insiders have sold 60,290 shares of company stock valued at $2,958,580 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Shutterfly Company Profile

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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Institutional Ownership by Quarter for Shutterfly (NASDAQ:SFLY)

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