Marathon Partners Equity Management Llc Trimmed Position in Shutterfly Inc (NASDAQ:SFLY) by $20.66 Million

May 17, 2018 - By Alma Kearns

Shutterfly, Inc. (NASDAQ:SFLY) Corporate LogoBig Money Sentiment increased to 1.09 in Q4 2017. It has change of 0.08, from 2017Q3’s 1.01. The ratio increased due to SFLY positioning: 23 sold and 54 reduced. 30 funds took positions and 54 increased positions. Investors holded 33.36 million in 2017Q3 but now own 33.16 million shares or 0.61% less. Parallax Volatility Advisers Ltd Partnership holds 0.01% of its capital in Shutterfly, Inc. (NASDAQ:SFLY) for 76,434 shs. 77,278 were accumulated by Federated Inc Pa. 126,145 are held by Tiaa Cref Inv Limited Co. Massachusetts-based Arrowstreet Ltd Partnership has invested 0.01% in Shutterfly, Inc. (NASDAQ:SFLY). Financial Bank Of Montreal Can holds 0% of its capital in Shutterfly, Inc. (NASDAQ:SFLY) for 2,330 shs. Schwab Charles Investment Incorporated stated it has 244,681 shs or 0.01% of all its holdings. Stone Ridge Asset Management Limited Liability Company reported 0.02% in Shutterfly, Inc. (NASDAQ:SFLY). National Bank Of New York Mellon has 0.01% invested in Shutterfly, Inc. (NASDAQ:SFLY). Bessemer Grp Inc accumulated 1,800 shs or 0% of the stock. Renaissance Technologies Llc holds 0.02% of its capital in Shutterfly, Inc. (NASDAQ:SFLY) for 333,400 shs. Franklin Res stated it has 298,879 shs or 0.01% of all its holdings. Matarin Cap Management Ltd, a Connecticut-based fund reported 118,285 shs. Voya Investment Mgmt Ltd Llc holds 0.01% of its capital in Shutterfly, Inc. (NASDAQ:SFLY) for 63,307 shs. Assetmark has 11 shs for 0% of their capital. Jpmorgan Chase And Com holds 119,445 shs or 0% of its capital.

SFLY registered $31.64 million net activity with 0 insider buys and 23 selling transactions since December 30, 2017. 633 shs were sold by BLACKWOOD-KAPRAL LISA, worth $47,057 on Wednesday, February 14. $1.90 million worth of Shutterfly, Inc. (NASDAQ:SFLY) was sold by BORIS JOHN. On Wednesday, February 14 Shares for $126,527 were sold by MENON SATISH. On Wednesday, February 14 LAYNEY TRACY had sold 924 shs worth $68,690. $11.52 million worth of Shutterfly, Inc. (NASDAQ:SFLY) was sold by North Christopher on Wednesday, January 31. On Friday, February 16 Black Dwayne A sold $2.65M worth of Shutterfly, Inc. (NASDAQ:SFLY).

According to 2018Q1 Securities and Exchange form the Mario Cibelli reduced its holdings in Shutterfly Inc (NASDAQ:SFLY) by 60%. The company’s stock Popped Up 74.27% while Marathon Partners Equity Management Llc sold 255,000 shares. At the end of 2018Q1, the 170,000 shares of the miscellaneous company held by the hedge fund run by Mario Cibelli were priced at $13.81M, down from 425,000 at the end of the previous reported quarter. For a total of shares it increased its holding in by shares in the quarter, and has risen its stake in .

Marathon Partners (Cibelli Capital Management) is found in New York City and is overseen by Mario Cibelli. Mario Cibelli’s trust has a little value portfolio that has its eyes on the administrations and shopper merchandise divisions. Marathon Partners Equity Management Llc is a New York-based hedge fund that was founded by Mario Cibelli. It had more than $276.74 million assets under management in November, 2014. Taken from Marathon Partners Equity Management latest Adv, the fund reported to have 6 full and part-time employees. Among which 6 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Shutterfly, Inc. (NASDAQ:SFLY) Ratings Coverage

In total 2 analysts cover Shutterfly (NASDAQ:SFLY). “Buy” rating has 1, “Sell” are 0, while 1 are “Hold”. 50% are bullish. With $10000 highest and $46.0 lowest PT Shutterfly has $73 average PT or -22.33% below the current ($93.99) price. 5 are the (NASDAQ:SFLY)’s analyst reports since January 12, 2018 according to StockzIntelligence Inc. On Tuesday, May 8 the rating was maintained by SunTrust with “Buy”. In Wednesday, January 17 report Goldman Sachs downgraded it to “Sell” rating and $46.0 target. The stock rating was maintained by SunTrust with “Buy” on Tuesday, January 30. On Wednesday, May 2 the stock of Shutterfly, Inc. (NASDAQ:SFLY) earned “Neutral” rating by Goldman Sachs. On Friday, January 12 the stock has “Buy” rating by SunTrust.

Shutterfly, Inc. manufactures and retails personalized services and products primarily in the United States and Canada, as well as in the European Community.The firm is worth $3.12 billion. The firm operates through Consumer and Shutterfly Business Solutions divisions.106.81 is the P/E ratio. It offers a range of personalized photo services and products that enable clients to upload, edit, enhance, organize, find, share, create, print, and preserve their memories.

Shutterfly, Inc. (NASDAQ:SFLY) Institutional Investors Chart

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