DekaBank Deutsche Girozentrale increased its holdings in shares of Etsy Inc (NASDAQ:ETSY) by 1,032.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,219 shares of the specialty retailer’s stock after purchasing an additional 21,169 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Etsy were worth $1,122,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC acquired a new stake in Etsy in the 2nd quarter valued at approximately $102,000. Moneta Group Investment Advisors LLC acquired a new stake in Etsy in the 2nd quarter valued at approximately $146,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Etsy in the 3rd quarter valued at approximately $149,000. Eqis Capital Management Inc. acquired a new stake in Etsy in the 2nd quarter valued at approximately $201,000. Finally, Intl Fcstone Inc. acquired a new stake in Etsy in the 3rd quarter valued at approximately $210,000. Institutional investors and hedge funds own 89.86% of the company’s stock.
A number of brokerages recently issued reports on ETSY. BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a research report on Friday. TheStreet raised Etsy from a “c+” rating to a “b” rating in a research report on Monday, November 19th. BTIG Research began coverage on Etsy in a research report on Tuesday, November 13th. They issued a “buy” rating and a $59.00 target price on the stock. Royal Bank of Canada lifted their target price on Etsy from $45.00 to $52.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 7th. Finally, Loop Capital set a $57.00 target price on Etsy and gave the company a “buy” rating in a research report on Tuesday, November 6th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $46.96.
In other Etsy news, Director Jonathan D. Klein sold 35,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $51.12, for a total transaction of $1,835,208.00. Following the transaction, the director now owns 165,165 shares of the company’s stock, valued at approximately $8,443,234.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is owned by insiders.
NASDAQ:ETSY opened at $55.50 on Friday. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 127.61, a P/E/G ratio of 6.20 and a beta of 0.68. Etsy Inc has a twelve month low of $16.72 and a twelve month high of $58.30. 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 posted its quarterly earnings results on Tuesday, November 6th. The specialty retailer reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ 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%. The business’s quarterly revenue was up 41.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. Research analysts forecast that Etsy Inc will post 0.59 EPS for the current fiscal year.
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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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