River & Mercantile Asset Management LLP Has $5.45 Million Position in Etsy Inc (ETSY)

River & Mercantile Asset Management LLP lowered its stake in shares of Etsy Inc (NASDAQ:ETSY) by 2.7% during the third quarter, Holdings Channel reports. The fund owned 106,171 shares of the specialty retailer’s stock after selling 2,893 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Etsy were worth $5,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of ETSY. American International Group Inc. lifted its position in Etsy by 1.8% during the third quarter. American International Group Inc. now owns 79,285 shares of the specialty retailer’s stock worth $4,074,000 after buying an additional 1,429 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in Etsy by 3.2% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 49,160 shares of the specialty retailer’s stock worth $2,074,000 after buying an additional 1,530 shares during the period. Mount Yale Investment Advisors LLC purchased a new position in Etsy during the second quarter worth about $102,000. Great West Life Assurance Co. Can lifted its position in Etsy by 29.4% during the second quarter. Great West Life Assurance Co. Can now owns 10,965 shares of the specialty retailer’s stock worth $463,000 after buying an additional 2,492 shares during the period. Finally, WINTON GROUP Ltd lifted its position in Etsy by 30.3% during the third quarter. WINTON GROUP Ltd now owns 11,602 shares of the specialty retailer’s stock worth $596,000 after buying an additional 2,696 shares during the period. 89.86% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on ETSY shares. Wedbush reiterated a “neutral” rating and set a $50.00 target price on shares of Etsy in a research report on Thursday, September 13th. Loop Capital increased their target price on Etsy to $65.00 and gave the stock a “buy” rating in a research report on Friday, September 14th. DA Davidson reiterated a “buy” rating and set a $59.00 target price (up from $53.00) on shares of Etsy in a research report on Friday, September 14th. BidaskClub downgraded Etsy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 22nd. Finally, KeyCorp increased their target price on Etsy from $51.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 2nd. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $50.38.

Etsy stock opened at $53.92 on Friday. The stock has a market capitalization of $6.69 billion, a PE ratio of 141.89, a PEG ratio of 6.27 and a beta of 0.68. The company has a current ratio of 5.49, a quick ratio of 5.49 and a debt-to-equity ratio of 0.85. Etsy Inc has a 12 month low of $16.72 and a 12 month high of $58.30.

Etsy (NASDAQ:ETSY) last released its quarterly earnings data on Tuesday, November 6th. The specialty retailer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. The company had revenue of $150.37 million for the quarter, compared to the consensus estimate of $149.76 million. Etsy had a return on equity of 14.10% and a net margin of 15.00%. The company’s quarterly revenue was up 41.4% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. On average, equities analysts forecast that Etsy Inc will post 0.59 earnings per share for the current fiscal year.

In other news, Director Jonathan D. Klein sold 35,900 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $51.12, for a total value of $1,835,208.00. Following the transaction, the director now directly owns 165,165 shares in the company, valued at approximately $8,443,234.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

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Etsy Profile

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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