Etsy Inc (NASDAQ:ETSY) Position Lessened by A.R.T. Advisors LLC

A.R.T. Advisors LLC lessened its stake in Etsy Inc (NASDAQ:ETSY) by 63.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,041 shares of the specialty retailer’s stock after selling 31,600 shares during the period. A.R.T. Advisors LLC’s holdings in Etsy were worth $1,107,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. First Trust Advisors LP raised its stake in Etsy by 3.8% in the 2nd quarter. First Trust Advisors LP now owns 2,519,846 shares of the specialty retailer’s stock valued at $154,643,000 after purchasing an additional 93,309 shares during the last quarter. Northern Trust Corp increased its stake in shares of Etsy by 2.0% in the 1st quarter. Northern Trust Corp now owns 1,520,823 shares of the specialty retailer’s stock worth $102,230,000 after acquiring an additional 30,357 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Etsy by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 1,498,337 shares of the specialty retailer’s stock worth $71,275,000 after acquiring an additional 104,042 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Etsy by 70.1% in the 2nd quarter. Jennison Associates LLC now owns 953,261 shares of the specialty retailer’s stock worth $58,502,000 after acquiring an additional 392,958 shares during the last quarter. Finally, Goodnow Investment Group LLC increased its stake in shares of Etsy by 3.6% in the 2nd quarter. Goodnow Investment Group LLC now owns 781,821 shares of the specialty retailer’s stock worth $47,980,000 after acquiring an additional 26,852 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

In other Etsy news, CTO Michael T. Fisher sold 5,208 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $63.37, for a total transaction of $330,030.96. Following the completion of the sale, the chief technology officer now owns 22,580 shares of the company’s stock, valued at $1,430,894.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Michael T. Fisher sold 5,194 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $50.00, for a total value of $259,700.00. Following the sale, the chief technology officer now directly owns 17,387 shares of the company’s stock, valued at approximately $869,350. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,572 shares of company stock worth $1,987,881. 3.00% of the stock is owned by company insiders.

Shares of ETSY stock opened at $54.81 on Friday. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.77. Etsy Inc has a twelve month low of $38.02 and a twelve month high of $73.35. The company has a market capitalization of $6.63 billion, a P/E ratio of 89.85, a price-to-earnings-growth ratio of 3.52 and a beta of 1.01. The business’s 50 day moving average is $54.39 and its two-hundred day moving average is $62.71.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Thursday, August 1st. The specialty retailer reported $0.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.14. Etsy had a return on equity of 26.77% and a net margin of 15.83%. The firm had revenue of $181.10 million for the quarter, compared to the consensus estimate of $183.28 million. During the same period in the previous year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was up 36.8% compared to the same quarter last year. As a group, equities analysts predict that Etsy Inc will post 0.76 earnings per share for the current fiscal year.

ETSY has been the subject of a number of research analyst reports. Canaccord Genuity set a $85.00 price target on Etsy and gave the stock a “buy” rating in a report on Friday, August 2nd. DA Davidson restated a “buy” rating on shares of Etsy in a report on Monday, August 5th. Royal Bank of Canada upgraded Etsy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $63.00 to $68.00 in a report on Thursday, September 19th. Needham & Company LLC began coverage on Etsy in a report on Monday, July 1st. They set a “buy” rating and a $75.00 target price for the company. Finally, ValuEngine lowered Etsy from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Etsy presently has an average rating of “Buy” and a consensus price target of $73.80.

About Etsy

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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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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