Etsy, Inc. (NASDAQ:ETSY) Shares Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC increased its position in Etsy, Inc. (NASDAQ:ETSYGet Rating) by 33.0% during the first quarter, HoldingsChannel.com reports. The fund owned 2,554 shares of the specialty retailer’s stock after acquiring an additional 633 shares during the quarter. Integrated Advisors Network LLC’s holdings in Etsy were worth $317,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ETSY. Conning Inc. grew its holdings in Etsy by 45.5% during the 1st quarter. Conning Inc. now owns 1,634 shares of the specialty retailer’s stock valued at $203,000 after buying an additional 511 shares during the last quarter. Signaturefd LLC grew its holdings in Etsy by 52.7% during the 1st quarter. Signaturefd LLC now owns 997 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 344 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in Etsy by 13.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 36,147 shares of the specialty retailer’s stock valued at $4,492,000 after buying an additional 4,321 shares during the last quarter. SG Americas Securities LLC grew its holdings in Etsy by 101.2% during the 1st quarter. SG Americas Securities LLC now owns 7,110 shares of the specialty retailer’s stock valued at $884,000 after buying an additional 606,822 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Etsy by 15.6% during the 1st quarter. Park Avenue Securities LLC now owns 11,321 shares of the specialty retailer’s stock valued at $1,407,000 after buying an additional 1,530 shares during the last quarter. Institutional investors and hedge funds own 89.93% of the company’s stock.

Etsy Trading Up 0.2 %

NASDAQ:ETSY opened at $97.11 on Friday. The business’s 50-day moving average is $80.85 and its two-hundred day moving average is $115.03. The company has a debt-to-equity ratio of 3.52, a current ratio of 2.68 and a quick ratio of 2.68. Etsy, Inc. has a 12 month low of $67.01 and a 12 month high of $307.75. The firm has a market capitalization of $12.34 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.74.

Etsy (NASDAQ:ETSYGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The specialty retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.59 by $0.01. Etsy had a return on equity of 73.57% and a net margin of 18.49%. The company had revenue of $579.30 million for the quarter, compared to analyst estimates of $574.71 million. During the same period last year, the company posted $1.00 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. Research analysts predict that Etsy, Inc. will post 2.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ETSY has been the topic of a number of analyst reports. JMP Securities reiterated a “mkt outperform” rating and set a $125.00 target price on shares of Etsy in a report on Wednesday, June 1st. Raymond James initiated coverage on Etsy in a report on Wednesday, June 29th. They set an “outperform” rating and a $100.00 price objective on the stock. Wedbush decreased their price objective on Etsy from $185.00 to $124.00 in a report on Thursday, May 5th. Stifel Nicolaus decreased their price objective on Etsy from $130.00 to $125.00 in a report on Friday, July 15th. Finally, Oppenheimer decreased their price objective on Etsy from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.55.

Insider Buying and Selling at Etsy

In other Etsy news, CFO Rachel C. Glaser sold 6,080 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $95.00, for a total value of $577,600.00. Following the transaction, the chief financial officer now directly owns 42,709 shares of the company’s stock, valued at $4,057,355. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Rachel C. Glaser sold 6,080 shares of the firm’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $95.00, for a total transaction of $577,600.00. Following the completion of the sale, the chief financial officer now directly owns 42,709 shares in the company, valued at $4,057,355. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Josh Silverman sold 20,850 shares of the firm’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $72.45, for a total value of $1,510,582.50. Following the sale, the chief executive officer now owns 102,707 shares of the company’s stock, valued at $7,441,122.15. The disclosure for this sale can be found here. Insiders have sold 131,418 shares of company stock valued at $11,096,245 over the last three months. 3.10% of the stock is owned by company insiders.

About Etsy

(Get Rating)

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 primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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