Parsec Financial Management Has Boosted Facebook (FB) Stake By $416,103; Shutterfly, Inc. (SFLY) Had 5 Bullish Analysts

June 21, 2018 - By Linda Rogers

Shutterfly, Inc. (NASDAQ:SFLY) Logo

Parsec Financial Management Inc increased Facebook (FB) stake by 8.28% reported in 2018Q1 SEC filing. Parsec Financial Management Inc acquired 2,617 shares as Facebook (FB)’s stock declined 0.01%. The Parsec Financial Management Inc holds 34,214 shares with $5.47M value, up from 31,597 last quarter. Facebook now has $586.87B valuation. The stock increased 0.37% or $0.7437 during the last trading session, reaching $202.7437. About 13.44 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 21.69% since June 21, 2017 and is uptrending. It has outperformed by 9.12% the S&P500. Some Historical FB News: 20/03/2018 – Rometty’s comments come as Facebook continued to face fallout from its data scandal; 11/04/2018 – Apple CEO Tim Cook has criticized Facebook for its data practices; 15/05/2018 – Loeb’s Third Point Shows New Stakes In Wynn Resorts, United Technology, Increases To Facebook — MarketWatch; 17/04/2018 – Zuckerberg failed to fix Facebook users’ privacy concerns; 19/03/2018 – Dealbook: Behind Facebook’s Latest Legal Headache: DealBook Briefing; 22/03/2018 – Economic historian Niall Ferguson: It’s hard to see how Facebook’s business model remains intact; 15/05/2018 – FACEBOOK ISSUES REPORT ON ENFORCING COMMUNITY STANDARDS; 21/03/2018 – California Today: California Today: Facebook Under Fire, Yet Again; 21/03/2018 – Cambridge university tussled with academic at heart of Facebook scandal; 21/05/2018 – PagerDuty Named a 2018 Cool Vendor by Gartner

Among 12 analysts covering Shutterfly (NASDAQ:SFLY), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Shutterfly had 36 analyst reports since July 30, 2015 according to SRatingsIntel. On Thursday, February 2 the stock rating was downgraded by Needham to “Hold”. The company was maintained on Saturday, August 29 by Axiom Capital. The stock has “Buy” rating by Aegis Capital on Wednesday, November 30. Goldman Sachs downgraded Shutterfly, Inc. (NASDAQ:SFLY) rating on Wednesday, January 17. Goldman Sachs has “Sell” rating and $46.0 target. RBC Capital Markets maintained Shutterfly, Inc. (NASDAQ:SFLY) rating on Thursday, April 28. RBC Capital Markets has “Outperform” rating and $52 target. The firm earned “Equal Weight” rating on Thursday, July 30 by Barclays Capital. Goldman Sachs reinitiated it with “Neutral” rating and $47 target in Wednesday, October 11 report. SunTrust maintained the shares of SFLY in report on Tuesday, June 5 with “Buy” rating. The firm has “Hold” rating given on Tuesday, July 25 by Robert W. Baird. The company was maintained on Sunday, October 15 by Robert W. Baird. See Shutterfly, Inc. (NASDAQ:SFLY) latest ratings:

05/06/2018 Broker: SunTrust Rating: Buy New Target: $111.0000 Maintain
08/05/2018 Broker: SunTrust Rating: Buy New Target: $100.0000 Maintain
02/05/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade
30/01/2018 Broker: SunTrust Rating: Buy New Target: $70.0 Maintain
17/01/2018 Broker: Goldman Sachs Rating: Sell New Target: $46.0 Downgrade
12/01/2018 Broker: SunTrust Rating: Buy New Target: $60.0 Maintain

Parsec Financial Management Inc decreased Duke Energy Corp (NYSE:DUK) stake by 129,127 shares to 35,340 valued at $2.74M in 2018Q1. It also reduced Abbvie (NYSE:ABBV) stake by 13,701 shares and now owns 6,205 shares. International Business Machine (NYSE:IBM) was reduced too.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.34, from 1.21 in 2017Q4. It dived, as 145 investors sold FB shares while 712 reduced holdings. 173 funds opened positions while 573 raised stakes. 1.65 billion shares or 2.41% more from 1.61 billion shares in 2017Q4 were reported. Koshinski Asset Inc invested 0.82% of its portfolio in Facebook, Inc. (NASDAQ:FB). Aravt Glob Ltd Liability Co has 11.47% invested in Facebook, Inc. (NASDAQ:FB) for 696,000 shares. Aviance Prns Limited Liability Corporation owns 31,730 shares for 1.53% of their portfolio. Lockheed Martin Inv Management holds 34,920 shares. 681 were reported by Beacon Advsrs. High Pointe Capital Mngmt Ltd Liability stated it has 2,085 shares or 0.46% of all its holdings. Stifel Corporation has invested 0.46% of its portfolio in Facebook, Inc. (NASDAQ:FB). Argent Tru has 0.64% invested in Facebook, Inc. (NASDAQ:FB). Thompson Siegel Walmsley Ltd Liability has 1,887 shares. First Personal Ser holds 6,244 shares or 0.22% of its portfolio. The Illinois-based Old Second Savings Bank Of Aurora has invested 0.07% in Facebook, Inc. (NASDAQ:FB). Magellan Asset Mngmt Limited invested in 7.85% or 13.31M shares. Wealth Enhancement Advisory owns 7,630 shares or 0.08% of their US portfolio. Bbr Partners Ltd Com invested in 0.19% or 6,526 shares. Meristem Ltd Liability Partnership owns 0.14% invested in Facebook, Inc. (NASDAQ:FB) for 2,385 shares.

Among 55 analysts covering Facebook (NASDAQ:FB), 51 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 274 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Facebook, Inc. (NASDAQ:FB) has “Outperform” rating given on Thursday, January 28 by RBC Capital Markets. Susquehanna maintained the stock with “Positive” rating in Thursday, April 28 report. The rating was maintained by Robert W. Baird with “Buy” on Thursday, November 2. The stock of Facebook, Inc. (NASDAQ:FB) has “Outperform” rating given on Thursday, July 30 by FBR Capital. The stock of Facebook, Inc. (NASDAQ:FB) has “Hold” rating given on Tuesday, July 11 by Pivotal Research. Needham maintained the shares of FB in report on Tuesday, January 16 with “Buy” rating. The firm earned “Outperform” rating on Thursday, November 3 by Wells Fargo. The stock has “Buy” rating by Canaccord Genuity on Thursday, November 3. FBN Securities maintained it with “Buy” rating and $210.0 target in Tuesday, September 26 report. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, January 2.

Since January 9, 2018, it had 0 insider buys, and 70 sales for $3.22 billion activity. 677,000 shares valued at $124.86 million were sold by Zuckerberg Mark on Monday, May 21. $7.31M worth of Facebook, Inc. (NASDAQ:FB) shares were sold by Schroepfer Michael Todd. 55,000 shares were sold by Sandberg Sheryl, worth $9.61 million on Friday, March 2. FISCHER DAVID B. also sold $1.05M worth of Facebook, Inc. (NASDAQ:FB) shares. Another trade for 14,901 shares valued at $2.66M was made by Wehner David M. on Thursday, February 22. 750 shares were sold by Stretch Colin, worth $144,413 on Wednesday, June 13. The insider Koum Jan sold 1.25M shares worth $221.33 million.

More notable recent Facebook, Inc. (NASDAQ:FB) news were published by: Nasdaq.com which released: “Trade of the Day: Facebook, Inc. (FB)” on June 19, 2018, also Thestreet.com with their article: “Facebook Messenger Could Bring in Billions of Dollars — Here’s How” published on June 20, 2018, Livetradingnews.com published: “Facebook, Inc. (NASDAQ:FB) stock hits record high” on June 21, 2018. More interesting news about Facebook, Inc. (NASDAQ:FB) were released by: Benzinga.com and their article: “Investors Appear To Like Small Caps Amid Continued Trade Worries” published on June 21, 2018 as well as Livetradingnews.com‘s news article titled: “Facebook, Inc. (NASDAQ:FB) What if Facebook Buys Disney?” with publication date: June 20, 2018.

Since December 30, 2017, it had 0 insider buys, and 34 sales for $40.33 million activity. On Thursday, May 31 the insider North Christopher sold $3.32 million. On Wednesday, May 23 MATHER ANN sold $366,566 worth of Shutterfly, Inc. (NASDAQ:SFLY) or 3,940 shares. On Wednesday, February 14 the insider BLACKWOOD-KAPRAL LISA sold $47,057. $377,135 worth of Shutterfly, Inc. (NASDAQ:SFLY) was sold by MENON SATISH. LAYNEY TRACY sold $354,695 worth of stock. 13,401 shares valued at $1.02M were sold by Swette Brian on Thursday, February 22. $233,387 worth of Shutterfly, Inc. (NASDAQ:SFLY) was sold by Lokuge Ishantha on Wednesday, May 30.

Shutterfly, Inc. manufactures and retails personalized services and products primarily in the United States and Canada, as well as in the European Community. The company has market cap of $3.10 billion. The firm operates through Consumer and Shutterfly Business Solutions divisions. It has a 88.11 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.

Investors sentiment increased to 1.4 in Q1 2018. Its up 0.31, from 1.09 in 2017Q4. It is positive, as 24 investors sold Shutterfly, Inc. shares while 54 reduced holdings. 55 funds opened positions while 54 raised stakes. 35.31 million shares or 6.50% more from 33.16 million shares in 2017Q4 were reported. Meeder Asset Inc owns 523 shares for 0% of their portfolio. Hanseatic Mngmt Services Inc reported 0% in Shutterfly, Inc. (NASDAQ:SFLY). Sei Invs Communication stated it has 65 shares or 0% of all its holdings. Public Sector Pension Invest Board reported 21,073 shares. Rothschild Asset Mngmt has invested 0.03% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY). 505,332 were accumulated by Wells Fargo & Communications Mn. Swiss State Bank reported 0.01% in Shutterfly, Inc. (NASDAQ:SFLY). Laurion Cap Mgmt Lp invested in 4,016 shares. Parametrica Mgmt Limited holds 0.26% in Shutterfly, Inc. (NASDAQ:SFLY) or 2,522 shares. Tower Cap Limited Liability Company (Trc) reported 5,428 shares. Incorporated accumulated 20,824 shares or 0.01% of the stock. Aqr Cap Mngmt Limited Liability Corp stated it has 0% in Shutterfly, Inc. (NASDAQ:SFLY). France-based Cap Fund Mngmt has invested 0% in Shutterfly, Inc. (NASDAQ:SFLY). Bank Of America Corporation De has invested 0% in Shutterfly, Inc. (NASDAQ:SFLY). Legal & General Public Ltd Com has 67,197 shares.

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

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