Etsy Inc (NASDAQ:ETSY) Stock Position Lifted by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. grew its holdings in Etsy Inc (NASDAQ:ETSY) by 242.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,479 shares of the specialty retailer’s stock after acquiring an additional 166,765 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Etsy were worth $14,451,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. SG Americas Securities LLC boosted its holdings in shares of Etsy by 54.4% during the 2nd quarter. SG Americas Securities LLC now owns 12,806 shares of the specialty retailer’s stock worth $786,000 after buying an additional 4,514 shares during the period. Creative Planning boosted its holdings in shares of Etsy by 260.9% during the 2nd quarter. Creative Planning now owns 22,860 shares of the specialty retailer’s stock worth $1,403,000 after buying an additional 16,525 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in shares of Etsy by 212.4% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 30,300 shares of the specialty retailer’s stock worth $1,860,000 after buying an additional 20,600 shares during the period. Hanson McClain Inc. bought a new stake in shares of Etsy during the 2nd quarter worth $31,000. Finally, NJ State Employees Deferred Compensation Plan boosted its holdings in shares of Etsy by 50.0% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 6,000 shares of the specialty retailer’s stock worth $368,000 after buying an additional 2,000 shares during the period. 95.50% of the stock is owned by institutional investors.

In other news, CTO Michael T. Fisher sold 13,442 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $61.82, for a total value of $830,984.44. Following the completion of the transaction, the chief technology officer now owns 34,258 shares in the company, valued at approximately $2,117,829.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Michael T. Fisher sold 5,209 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $61.31, for a total transaction of $319,363.79. Following the completion of the transaction, the chief technology officer now owns 32,435 shares of the company’s stock, valued at approximately $1,988,589.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,572 shares of company stock valued at $2,046,791. Corporate insiders own 3.00% of the company’s stock.

ETSY has been the subject of several recent analyst reports. TheStreet downgraded shares of Etsy from a “b” rating to a “c+” rating in a report on Friday, May 24th. KeyCorp set a $90.00 target price on shares of Etsy and gave the company a “buy” rating in a research note on Friday, August 2nd. Canaccord Genuity set a $85.00 target price on shares of Etsy and gave the company a “buy” rating in a research note on Friday, August 2nd. Morgan Stanley set a $65.00 target price on shares of Etsy and gave the company a “hold” rating in a research note on Friday, August 2nd. Finally, DA Davidson reiterated a “buy” rating on shares of Etsy in a research note on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Etsy has an average rating of “Buy” and an average price target of $73.13.

NASDAQ:ETSY traded down $1.61 during trading hours on Friday, hitting $56.43. 1,882,549 shares of the company traded hands, compared to its average volume of 2,789,448. The company has a market capitalization of $6.99 billion, a PE ratio of 92.51, a price-to-earnings-growth ratio of 3.63 and a beta of 0.92. Etsy Inc has a twelve month low of $38.02 and a twelve month high of $73.35. The stock’s 50-day moving average price is $64.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.47 and a quick ratio of 4.87.

Etsy (NASDAQ:ETSY) last released its earnings results on Thursday, August 1st. The specialty retailer reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. Etsy had a net margin of 15.83% and a return on equity of 26.77%. The firm had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $183.28 million. During the same period in the prior year, the company earned $0.07 EPS. The business’s quarterly revenue was up 36.8% compared to the same quarter last year. On average, analysts expect that Etsy Inc will post 0.78 EPS for the current year.

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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