Texas Permanent School Fund Purchases 289 Shares of Etsy, Inc. (NASDAQ:ETSY)

Texas Permanent School Fund grew its position in shares of Etsy, Inc. (NASDAQ:ETSYGet Rating) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,734 shares of the specialty retailer’s stock after purchasing an additional 289 shares during the period. Texas Permanent School Fund’s holdings in Etsy were worth $1,225,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ETSY. Allworth Financial LP lifted its stake in shares of Etsy by 403.9% in the 2nd quarter. Allworth Financial LP now owns 388 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 311 shares during the last quarter. Institutional & Family Asset Management LLC lifted its stake in shares of Etsy by 125.7% in the 1st quarter. Institutional & Family Asset Management LLC now owns 246 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 137 shares during the last quarter. Tcwp LLC bought a new stake in shares of Etsy in the 1st quarter valued at about $34,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Etsy by 38.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 490 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 137 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake in shares of Etsy by 92.0% in the 1st quarter. Wolff Wiese Magana LLC now owns 336 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 161 shares during the last quarter. Institutional investors own 98.68% of the company’s stock.

Etsy Stock Performance

Etsy stock opened at $113.92 on Friday. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 4.10. The company has a market capitalization of $14.32 billion, a P/E ratio of -21.10 and a beta of 1.71. The stock’s 50 day moving average is $104.14 and its 200 day moving average is $96.06. Etsy, Inc. has a twelve month low of $67.01 and a twelve month high of $307.75.

Insider Buying and Selling

In other Etsy news, CMO Ryan M. Scott sold 6,146 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $104.00, for a total transaction of $639,184.00. Following the sale, the chief marketing officer now directly owns 4,170 shares in the company, valued at approximately $433,680. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Etsy news, CMO Ryan M. Scott sold 6,146 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $104.00, for a total transaction of $639,184.00. Following the sale, the chief marketing officer now directly owns 4,170 shares in the company, valued at approximately $433,680. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nicholas Daniel sold 2,540 shares of the stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $103.20, for a total value of $262,128.00. Following the sale, the insider now owns 3,309 shares in the company, valued at $341,488.80. The disclosure for this sale can be found here. Insiders have sold 241,901 shares of company stock worth $25,527,994 in the last 90 days. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

ETSY has been the subject of a number of recent research reports. Piper Sandler initiated coverage on Etsy in a research note on Wednesday, August 3rd. They issued a “neutral” rating and a $95.00 target price for the company. Barclays began coverage on Etsy in a research report on Monday, August 15th. They set an “equal weight” rating and a $100.00 price target for the company. BTIG Research lowered their price target on Etsy from $122.00 to $119.00 in a research report on Monday, October 10th. Moffett Nathanson began coverage on Etsy in a research report on Tuesday. They set a “market perform” rating and a $116.00 price target for the company. Finally, Oppenheimer upped their price target on Etsy from $120.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Etsy has a consensus rating of “Hold” and a consensus target price of $124.61.

Etsy Profile

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Etsy, Inc engages in the operation of online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments. Etsy, Reverb, Depop, and Elo7. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in 2005 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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