Sciencast Management LP Takes $713,000 Position in Etsy, Inc. (NASDAQ:ETSY)

Sciencast Management LP purchased a new position in Etsy, Inc. (NASDAQ:ETSY) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,344 shares of the specialty retailer’s stock, valued at approximately $713,000.

Other institutional investors also recently bought and sold shares of the company. UBS Group AG raised its stake in Etsy by 668.8% during the first quarter. UBS Group AG now owns 161,314 shares of the specialty retailer’s stock valued at $32,532,000 after buying an additional 189,672 shares during the last quarter. Strategy Asset Managers LLC bought a new position in shares of Etsy during the first quarter valued at $960,000. M&G Investment Management Ltd. purchased a new position in shares of Etsy in the 1st quarter worth about $2,454,000. McIlrath & Eck LLC boosted its stake in Etsy by 48.9% in the 1st quarter. McIlrath & Eck LLC now owns 920 shares of the specialty retailer’s stock worth $186,000 after purchasing an additional 302 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Etsy by 189.7% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 4,424 shares of the specialty retailer’s stock valued at $892,000 after purchasing an additional 2,897 shares during the last quarter. Institutional investors own 82.65% of the company’s stock.

In other Etsy news, insider Goyal Kruti Patel sold 6,800 shares of Etsy stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $207.70, for a total transaction of $1,412,360.00. Following the transaction, the insider now owns 38,408 shares of the company’s stock, valued at $7,977,341.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Merilee Buckley sold 746 shares of the company’s stock in a transaction that occurred on Monday, April 19th. The stock was sold at an average price of $214.21, for a total transaction of $159,800.66. Following the completion of the transaction, the chief accounting officer now owns 441 shares of the company’s stock, valued at $94,466.61. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,878 shares of company stock valued at $14,094,036. Company insiders own 3.30% of the company’s stock.

ETSY opened at $167.15 on Friday. The stock has a 50 day simple moving average of $186.28. The company has a market capitalization of $21.25 billion, a P/E ratio of 47.35, a PEG ratio of 2.98 and a beta of 1.56. Etsy, Inc. has a 1-year low of $76.62 and a 1-year high of $251.86. The company has a quick ratio of 4.43, a current ratio of 4.43 and a debt-to-equity ratio of 1.97.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, May 5th. The specialty retailer reported $1.00 EPS for the quarter, topping the consensus estimate of $0.84 by $0.16. Etsy had a return on equity of 73.44% and a net margin of 23.46%. As a group, research analysts expect that Etsy, Inc. will post 2.92 earnings per share for the current year.

Several research analysts have recently issued reports on ETSY shares. Needham & Company LLC upped their target price on shares of Etsy from $155.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, February 26th. Oppenheimer cut their target price on Etsy from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, May 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Etsy from $162.00 to $239.00 and gave the stock a “buy” rating in a report on Monday, March 29th. The Goldman Sachs Group upped their price target on Etsy from $178.00 to $286.00 and gave the company a “buy” rating in a report on Friday, February 26th. Finally, Roth Capital lifted their price objective on Etsy from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, February 26th. Two research analysts have rated the stock with a sell rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $218.08.

Etsy Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its online market places include Etsy.com and Reverb.com. The company offers approximately 85 million items in its various retail categories to buyers.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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