Sei Investments Co. reduced its holdings in Shutterstock Inc (NYSE:SSTK) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 407,478 shares of the business services provider’s stock after selling 5,264 shares during the period. Sei Investments Co. owned about 1.18% of Shutterstock worth $17,534,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in SSTK. Van Berkom & Associates Inc. boosted its holdings in shares of Shutterstock by 24.1% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,580,964 shares of the business services provider’s stock valued at $52,630,000 after acquiring an additional 307,357 shares during the last quarter. Schroder Investment Management Group purchased a new stake in shares of Shutterstock in the 3rd quarter valued at $9,356,000. Dimensional Fund Advisors LP boosted its holdings in shares of Shutterstock by 58.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 357,633 shares of the business services provider’s stock valued at $15,764,000 after acquiring an additional 131,512 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Shutterstock by 10.0% in the 4th quarter. Rice Hall James & Associates LLC now owns 457,957 shares of the business services provider’s stock valued at $19,706,000 after acquiring an additional 41,743 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of Shutterstock by 66.8% in the 3rd quarter. Prudential Financial Inc. now owns 74,829 shares of the business services provider’s stock valued at $2,491,000 after purchasing an additional 29,957 shares during the period. 57.46% of the stock is currently owned by institutional investors and hedge funds.
Shutterstock Inc (SSTK) opened at $45.80 on Tuesday. Shutterstock Inc has a 12 month low of $29.85 and a 12 month high of $55.07. The stock has a market cap of $1,588.11, a price-to-earnings ratio of 66.38 and a beta of 1.54.
Several equities analysts recently issued reports on the stock. Jefferies Group boosted their target price on shares of Shutterstock from $30.00 to $34.00 and gave the company an “underperform” rating in a research note on Wednesday, November 1st. BidaskClub upgraded shares of Shutterstock from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 28th. Zacks Investment Research cut shares of Shutterstock from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. ValuEngine cut shares of Shutterstock from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $40.00 target price on shares of Shutterstock in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.17.
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Shutterstock, Inc (Shutterstock) is a global technology company that operates a two-sided marketplace for professionals to license content. The Company’s library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery.
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