Chicago Equity Partners LLC increased its stake in Etsy Inc (NASDAQ:ETSY) by 5.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 103,840 shares of the specialty retailer’s stock after purchasing an additional 5,185 shares during the quarter. Chicago Equity Partners LLC owned approximately 0.09% of Etsy worth $5,335,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Mount Yale Investment Advisors LLC bought a new position in Etsy in the 2nd quarter worth $102,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Etsy in the 3rd quarter worth $149,000. Moneta Group Investment Advisors LLC purchased a new stake in Etsy in the 2nd quarter worth $146,000. PARK CIRCLE Co increased its stake in Etsy by 100.0% in the 2nd quarter. PARK CIRCLE Co now owns 4,000 shares of the specialty retailer’s stock worth $169,000 after buying an additional 2,000 shares in the last quarter. Finally, Intl Fcstone Inc. purchased a new stake in Etsy in the 3rd quarter worth $210,000. 88.26% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on ETSY. Zacks Investment Research upgraded Etsy from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Friday, November 2nd. Morgan Stanley upgraded Etsy from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $36.00 to $48.00 in a research note on Wednesday, October 24th. TheStreet lowered Etsy from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. BidaskClub lowered Etsy from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, KeyCorp increased their price target on Etsy from $51.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 2nd. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Etsy currently has an average rating of “Buy” and an average price target of $46.04.
Shares of Etsy stock opened at $40.43 on Wednesday. The stock has a market cap of $5.13 billion, a PE ratio of 107.10, a PEG ratio of 6.84 and a beta of 0.61. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 0.90. Etsy Inc has a twelve month low of $16.08 and a twelve month high of $53.25.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, November 6th. The specialty retailer reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.08. The firm had revenue of $150.37 million during the quarter, compared to analyst estimates of $149.76 million. Etsy had a return on equity of 13.23% and a net margin of 17.52%. The business’s quarterly revenue was up 41.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share. Analysts anticipate that Etsy Inc will post 0.42 earnings per share for the current fiscal year.
In other news, Director M Michele Burns sold 45,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $44.48, for a total transaction of $2,001,600.00. Following the completion of the transaction, the director now owns 28,103 shares in the company, valued at $1,250,021.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frederick R. Wilson sold 22,062 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $45.48, for a total value of $1,003,379.76. Following the transaction, the director now owns 23,487 shares of the company’s stock, valued at approximately $1,068,188.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,062 shares of company stock valued at $4,615,330. Company insiders own 2.80% of the company’s stock.
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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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