Filing Analysis: Shutterfly INC (SFLY) Stock Price Declined While Marathon Partners Equity Management LLC Decreased Its Position by $36.52 Million

Filing Analysis: Shutterfly INC (SFLY) Stock Price Declined While Marathon Partners Equity Management LLC Decreased Its Position by $36.52 Million

Mario Cibelli decreased its stake in Shutterfly Inc (SFLY) by 49.7% based on its latest 2016Q3 regulatory filing with the SEC. Marathon Partners Equity Management Llc sold 830,000 shares as the company’s stock declined 4.35% while stock markets rallied. The hedge fund run by Mario Cibelli held 840,000 shares of the miscellaneous company at the end of 2016Q3, valued at $37.50M, down from 1.67M at the end of the previous reported quarter. Marathon Partners Equity Management Llc who had been investing in Shutterfly Inc for a number of months, seems to be less bullish one the $1.81B market cap company. The stock is up 0.02% or $0.01 hitting $51.99, despite the negative news. About 115,862 shares traded hands. Shutterfly, Inc. (NASDAQ:SFLY) has risen 6.98% since June 7, 2016 and is uptrending. It has underperformed by 0.45% the S&P500.

Marathon Partners Equity Management Llc, which manages about $276.74M and $202.33M US Long portfolio, upped its stake in Liberty Interactive Corp (NASDAQ:QVCA) by 175,000 shares to 290,000 shares, valued at $5.80 million in 2016Q3, according to the filing.

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.

Insitutional Activity: The institutional sentiment increased to 1.25 in 2016 Q3. Its up 0.53, from 0.72 in 2016Q2. The ratio is positive, as 29 funds sold all SFLY shares owned while 43 reduced positions. 33 funds bought stakes while 57 increased positions. They now own 30.81 million shares or 0.67% less from 31.02 million shares in 2016Q2. Qs Ltd accumulated 0% or 7 shares. Moreover, Financial Bank Of New York Mellon Corp has 0% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 215,225 shares. Ahl Llp has 0.04% invested in the company for 22,340 shares. The New York-based Bnp Paribas Arbitrage has invested 0% in Shutterfly, Inc. (NASDAQ:SFLY). Schwab Charles Investment Management Inc holds 0.01% or 198,006 shares in its portfolio. Elk Creek Limited Liability Corp accumulated 0.96% or 326,547 shares. Matarin Capital Mngmt Ltd Liability Company holds 0% or 108,154 shares in its portfolio. Tiger Legatus Capital Mngmt Ltd Limited Liability Company accumulated 150,000 shares or 2.18% of the stock. Laurion Cap Mgmt LP has 0% invested in the company for 1,800 shares. First Tru Advisors LP last reported 0% of its portfolio in the stock. Nationwide Fund Advisors last reported 0% of its portfolio in the stock. Zacks Investment Management holds 20,290 shares or 0.03% of its portfolio. Moreover, Legal And General Grp Public Ltd Co has 0% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 7,511 shares. Jpmorgan Chase And Co accumulated 0% or 400 shares. California Public Employees Retirement System reported 69,100 shares or 0.01% of all its holdings.

Insider Transactions: Since August 8, 2016, the stock had 0 insider purchases, and 18 sales for $6.74 million net activity. 480 Shutterfly, Inc. (NASDAQ:SFLY) shares with value of $24,010 were sold by BLACKWOOD-KAPRAL LISA. 7,500 shares were sold by POPE MICHAEL W, worth $371,977 on Friday, December 30. HUGHES THOMAS DAVID sold $51,610 worth of stock. 3,259 shares were sold by Lokuge Ishantha, worth $163,015. The insider MENON SATISH sold $1.26M. Another trade for 4,900 shares valued at $249,900 was made by MATHER ANN on Wednesday, August 10. Black Dwayne A sold $371,999 worth of stock.

Analysts await Shutterfly, Inc. (NASDAQ:SFLY) to report earnings on February, 1. They expect $2.78 earnings per share, down 22.13% or $0.79 from last year’s $3.57 per share. SFLY’s profit will be $96.78M for 4.68 P/E if the $2.78 EPS becomes a reality. After $-0.86 actual earnings per share reported by Shutterfly, Inc. for the previous quarter, Wall Street now forecasts -423.26% EPS growth.

More recent Shutterfly, Inc. (NASDAQ:SFLY) news were published by: Fool.com which released: “Why Shutterfly Inc. Stock Popped Today” on October 27, 2016. Also Fool.com published the news titled: “Why Shutterfly, Inc. Stock Fell 11.1% in September” on October 11, 2016. Businesswire.com‘s news article titled: “Shutterfly, Inc. Names Christopher North President and Chief Executive Officer” with publication date: March 17, 2016 was also an interesting one.

According to Zacks Investment Research, “Shutterfly, Inc. is an Internet-based social expression and personal publishing service. Shutterfly provides a range of products and services that make it easy, convenient and fun for consumers to upload, edit, enhance, organize, find, share, create, print and preserve their digital photos in a creative and thoughtful manner. Shutterfly, Shutterfly.com and Collections are trademarks of Shutterfly, Inc. Its primary focus is on helping consumers manage their memories through the powerful medium of photos. We provide a full range of products and services that make it easy, convenient and fun for consumers to upload, edit, enhance, organize, find, share, create, print and preserve their digital photos in a creative and thoughtful manner. Consumers use its products and services to stay connected to their friends and family, to organize their memories in a single location, to tell stories and to preserve their memories for themselves and their children.”

Shutterfly, Inc. (NASDAQ:SFLY) Ratings Coverage

Out of 10 analysts covering Shutterfly (NASDAQ:SFLY), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. Shutterfly has been the topic of 19 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Thursday, July 30 by Raymond James. Needham maintained the shares of SFLY in a report on Thursday, February 4 with “Buy” rating. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, April 28 report. Axiom Capital downgraded the shares of SFLY in a report on Wednesday, July 20 to “Hold” rating. The rating was upgraded by Axiom Capital on Thursday, October 27 to “Buy”. The stock of Shutterfly, Inc. (NASDAQ:SFLY) earned “Buy” rating by Axiom Capital on Saturday, August 29. The rating was maintained by Barclays Capital on Thursday, July 30 with “Equal Weight”. RBC Capital Markets maintained Shutterfly, Inc. (NASDAQ:SFLY) on Thursday, April 28 with “Outperform” rating. The firm earned “Outperform” rating on Thursday, February 4 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, August 13 by Axiom Capital.

SFLY Company Profile

Shutterfly, Inc., incorporated on April 23, 1999, is a maker and digital retailer of personalized services and products offered through a family of lifestyle brands. The Firm offers a range of personalized photo services and products. The Company’s divisions include Consumer, Enterprise and corporate. The Company’s services and products are offered through brands, including Shutterfly, Tiny Prints, Wedding Paper Divas, ThisLife, MyPublisher and BorrowLenses. The Shutterfly brand includes photo books, personalized holiday cards, announcements, invitations and stationery, as well as custom home decor products and photo gifts. The Shutterfly brand also includes online photo service.

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