Raymond James & Associates boosted its holdings in shares of Etsy Inc (NASDAQ:ETSY) by 73.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,476 shares of the specialty retailer’s stock after acquiring an additional 17,531 shares during the period. Raymond James & Associates’ holdings in Etsy were worth $1,750,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. PARK CIRCLE Co grew its stake in Etsy by 100.0% during the 2nd quarter. PARK CIRCLE Co now owns 4,000 shares of the specialty retailer’s stock valued at $169,000 after acquiring an additional 2,000 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in Etsy during the 2nd quarter valued at about $201,000. Twin Tree Management LP purchased a new stake in shares of Etsy in the 2nd quarter valued at approximately $211,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Etsy in the 1st quarter valued at approximately $148,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Etsy in the 2nd quarter valued at approximately $228,000. 86.73% of the stock is owned by institutional investors.
Shares of ETSY stock opened at $41.55 on Friday. The company has a current ratio of 5.87, a quick ratio of 5.87 and a debt-to-equity ratio of 0.90. Etsy Inc has a one year low of $15.27 and a one year high of $53.25. The company has a market capitalization of $6.15 billion, a PE ratio of 109.34, a P/E/G ratio of 8.33 and a beta of 0.23.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Monday, August 6th. The specialty retailer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Etsy had a return on equity of 13.23% and a net margin of 17.52%. The company had revenue of $132.39 million during the quarter, compared to analyst estimates of $127.10 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The business’s revenue was up 30.2% compared to the same quarter last year. Equities analysts expect that Etsy Inc will post 0.41 earnings per share for the current year.
In other news, Director M Michele Burns sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $43.85, for a total value of $219,250.00. Following the transaction, the director now directly owns 18,487 shares in the company, valued at approximately $810,654.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederick R. Wilson sold 22,062 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $45.48, for a total transaction of $1,003,379.76. Following the completion of the transaction, the director now owns 23,487 shares in the company, valued at $1,068,188.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 107,062 shares of company stock worth $4,834,580. Company insiders own 2.80% of the company’s stock.
Several research firms have recently weighed in on ETSY. TheStreet cut shares of Etsy from a “b-” rating to a “c+” rating in a research note on Tuesday. BidaskClub cut shares of Etsy from a “buy” rating to a “hold” rating in a research note on Tuesday. KeyCorp increased their price target on shares of Etsy from $51.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, October 2nd. Wedbush began coverage on shares of Etsy in a research note on Friday, September 14th. They issued a “buy” rating for the company. Finally, DA Davidson reissued a “buy” rating and issued a $59.00 price target (up previously from $53.00) on shares of Etsy in a research note on Friday, September 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $45.04.
Etsy Company Profile
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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