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Wells Fargo cuts stake to 9.79% in Shutterfly
By E. Janene Geiss
Philadelphia, Jan. 22 - Wells Fargo & Co. decreased its investment to 9.79% in Shutterfly Inc. as of Dec. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.
That represents a passive stake of 2,455,640 shares.
Those holdings are down from the passive stake of 10.42%, or 2,608,455 shares, that the investor reported owning as of May 30, 2008, according to another SC 13G/A filing.
Shutterfly is a Redwood City, Calif.-based personal publishing service that enables consumers to share, print and preserve photos.
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