SG Americas Securities LLC trimmed its position in Etsy Inc (NASDAQ:ETSY) by 61.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,292 shares of the specialty retailer’s stock after selling 13,115 shares during the quarter. SG Americas Securities LLC’s holdings in Etsy were worth $557,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in Etsy by 13.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the specialty retailer’s stock worth $80,000 after purchasing an additional 200 shares during the last quarter. Suntrust Banks Inc. increased its holdings in Etsy by 5.2% during the 4th quarter. Suntrust Banks Inc. now owns 4,654 shares of the specialty retailer’s stock worth $221,000 after purchasing an additional 230 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Etsy by 13.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,260 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 268 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in Etsy during the 1st quarter worth approximately $30,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Etsy by 8.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,103 shares of the specialty retailer’s stock worth $338,000 after purchasing an additional 531 shares during the last quarter. Institutional investors own 95.59% of the company’s stock.
Shares of ETSY traded down $2.25 during trading hours on Friday, hitting $67.80. 1,824,699 shares of the company were exchanged, compared to its average volume of 2,615,446. The firm has a market cap of $8.31 billion, a PE ratio of 111.15, a P/E/G ratio of 4.36 and a beta of 1.03. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 0.81. Etsy Inc has a one year low of $38.02 and a one year high of $73.35.
Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. The business had revenue of $169.33 million during the quarter, compared to analyst estimates of $170.72 million. Etsy had a return on equity of 24.24% and a net margin of 14.74%. The company’s revenue was up 40.0% compared to the same quarter last year. During the same period last year, the company posted $0.10 EPS. On average, equities research analysts anticipate that Etsy Inc will post 0.82 EPS for the current fiscal year.
In related news, CTO Michael T. Fisher sold 2,604 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $69.37, for a total transaction of $180,639.48. Following the completion of the sale, the chief technology officer now directly owns 30,968 shares in the company, valued at $2,148,250.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CTO Michael T. Fisher sold 5,209 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $61.31, for a total value of $319,363.79. Following the sale, the chief technology officer now owns 32,435 shares of the company’s stock, valued at $1,988,589.85. The disclosure for this sale can be found here. Insiders sold 70,016 shares of company stock valued at $4,774,941 in the last 90 days. Corporate insiders own 3.00% of the company’s stock.
Several research analysts have recently commented on ETSY shares. TheStreet lowered Etsy from a “b” rating to a “c+” rating in a research report on Friday, May 24th. BidaskClub lowered Etsy from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research lowered Etsy from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. BTIG Research boosted their price objective on Etsy to $67.00 and gave the company a “buy” rating in a research report on Tuesday, February 26th. Finally, ValuEngine downgraded Etsy from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $68.87.
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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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