Etsy Inc (NASDAQ:ETSY) Stake Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company increased its holdings in Etsy Inc (NASDAQ:ETSY) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,729 shares of the specialty retailer’s stock after purchasing an additional 4,145 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Etsy worth $1,917,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of Etsy by 30.3% during the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after purchasing an additional 2,049 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Etsy by 99.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,728 shares of the specialty retailer’s stock worth $137,000 after acquiring an additional 3,361 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of Etsy in the fourth quarter worth about $154,000. Trexquant Investment LP acquired a new position in shares of Etsy in the third quarter worth about $192,000. Finally, Keybank National Association OH acquired a new position in shares of Etsy in the fourth quarter worth about $205,000. 79.84% of the stock is owned by institutional investors and hedge funds.

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Etsy stock traded down $0.91 during mid-day trading on Friday, hitting $27.63. 2,877,258 shares of the company’s stock were exchanged, compared to its average volume of 2,808,278. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.29 and a quick ratio of 4.29. The company has a market capitalization of $3,467.69, a price-to-earnings ratio of 72.71, a PEG ratio of 4.53 and a beta of 0.19. Etsy Inc has a 1-year low of $9.90 and a 1-year high of $29.15.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Tuesday, February 27th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.07. The company had revenue of $136.27 million for the quarter, compared to the consensus estimate of $132.89 million. Etsy had a return on equity of 13.20% and a net margin of 18.54%. sell-side analysts anticipate that Etsy Inc will post 0.36 earnings per share for the current year.

In related news, Director Jonathan D. Klein sold 50,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $21.31, for a total value of $1,065,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.

Several analysts have issued reports on ETSY shares. Morgan Stanley cut Etsy from an “equal weight” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research note on Friday, January 12th. Zacks Investment Research raised Etsy from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a report on Saturday, December 9th. Roth Capital raised Etsy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.50 to $28.00 in a report on Wednesday, February 28th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $24.00 target price (up from $18.00) on shares of Etsy in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Etsy presently has an average rating of “Hold” and a consensus price target of $21.96.

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About Etsy

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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