Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ETSY. Cornerstone Advisors Inc. purchased a new stake in Etsy during the third quarter valued at about $29,000. Optimum Investment Advisors purchased a new stake in Etsy during the fourth quarter valued at about $33,000. Quantamental Technologies LLC purchased a new stake in Etsy during the fourth quarter valued at about $43,000. First Quadrant L P CA purchased a new stake in Etsy during the fourth quarter valued at about $45,000. Finally, Nisa Investment Advisors LLC grew its position in Etsy by 13.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the specialty retailer’s stock valued at $80,000 after acquiring an additional 200 shares during the period. 93.22% of the stock is owned by institutional investors.
Advisor Group Inc. raised its stake in Etsy Inc (NASDAQ:ETSY) by 124.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,377 shares of the specialty retailer’s stock after acquiring an additional 14,082 shares during the quarter. Advisor Group Inc.’s holdings in Etsy were worth $1,208,000 at the end of the most recent quarter.
In other Etsy news, insider Michael T. Fisher sold 2,604 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $69.36, for a total transaction of $180,613.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Jill Simeone sold 11,572 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $50.00, for a total value of $578,600.00. Following the sale, the general counsel now owns 2,859 shares in the company, valued at approximately $142,950. The disclosure for this sale can be found here. Insiders have sold 121,050 shares of company stock worth $8,048,323 in the last 90 days. 2.80% of the stock is currently owned by insiders.
ETSY has been the subject of a number of research reports. TheStreet raised Etsy from a “c+” rating to a “b” rating in a research report on Monday, November 19th. BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. Citigroup initiated coverage on Etsy in a research report on Friday, December 7th. They set a “buy” rating and a $70.00 price target for the company. Loop Capital set a $70.00 price target on Etsy and gave the company a “buy” rating in a research report on Monday, December 17th. Finally, ValuEngine downgraded Etsy from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 21st. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $66.29.
Shares of ETSY opened at $70.15 on Thursday. The stock has a market capitalization of $8.51 billion, a P/E ratio of 115.00, a price-to-earnings-growth ratio of 7.58 and a beta of 1.04. Etsy Inc has a one year low of $26.54 and a one year high of $73.35. The company has a quick ratio of 6.07, a current ratio of 6.07 and a debt-to-equity ratio of 0.84.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Monday, February 25th. The specialty retailer reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.06. Etsy had a return on equity of 20.00% and a net margin of 12.84%. The firm had revenue of $200.00 million during the quarter, compared to the consensus estimate of $194.77 million. During the same quarter in the prior year, the business posted $0.36 earnings per share. Etsy’s revenue for the quarter was up 46.7% on a year-over-year basis. On average, research analysts anticipate that Etsy Inc will post 0.69 EPS for the current year.
Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.
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