River & Mercantile Asset Management LLP lessened its stake in shares of Etsy Inc (NASDAQ:ETSY) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,171 shares of the specialty retailer’s stock after selling 2,893 shares during the quarter. River & Mercantile Asset Management LLP owned about 0.09% of Etsy worth $5,454,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of Etsy by 16.7% during the second quarter. Sei Investments Co. now owns 52,631 shares of the specialty retailer’s stock worth $2,220,000 after purchasing an additional 7,547 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Etsy by 48.1% during the second quarter. Canada Pension Plan Investment Board now owns 344,800 shares of the specialty retailer’s stock worth $14,547,000 after purchasing an additional 112,000 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Etsy during the second quarter worth approximately $672,000. Great West Life Assurance Co. Can raised its stake in shares of Etsy by 29.4% during the second quarter. Great West Life Assurance Co. Can now owns 10,965 shares of the specialty retailer’s stock worth $463,000 after purchasing an additional 2,492 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of Etsy during the third quarter worth approximately $309,000. Institutional investors and hedge funds own 89.86% of the company’s stock.
Shares of ETSY stock opened at $53.92 on Friday. Etsy Inc has a 1-year low of $16.72 and a 1-year high of $58.30. The firm has a market cap of $6.69 billion, a P/E ratio of 141.89, a price-to-earnings-growth ratio of 6.27 and a beta of 0.68. The company has a current ratio of 5.49, a quick ratio of 5.49 and a debt-to-equity ratio of 0.85.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Tuesday, November 6th. The specialty retailer reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.09. The firm had revenue of $150.37 million for the quarter, compared to analyst estimates of $149.76 million. Etsy had a return on equity of 14.10% and a net margin of 15.00%. Etsy’s quarterly revenue was up 41.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share. Equities analysts predict that Etsy Inc will post 0.59 EPS for the current fiscal year.
A number of research analysts recently weighed in on the company. TheStreet raised Etsy from a “c+” rating to a “b” rating in a report on Monday, November 19th. BidaskClub lowered Etsy from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 22nd. Wedbush assumed coverage on Etsy in a report on Friday, September 14th. They set a “buy” rating on the stock. DA Davidson reaffirmed a “buy” rating and set a $59.00 price objective (up previously from $53.00) on shares of Etsy in a report on Friday, September 14th. Finally, Loop Capital upped their price objective on Etsy to $65.00 and gave the stock a “buy” rating in a report on Friday, September 14th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.38.
In other Etsy news, Director Jonathan D. Klein sold 35,900 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was sold at an average price of $51.12, for a total value of $1,835,208.00. Following the sale, the director now owns 165,165 shares of the company’s stock, valued at $8,443,234.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is currently owned by corporate insiders.
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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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