Clark Estates Inc. NY boosted its position in Etsy, Inc. (NASDAQ:ETSY) by 29.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 191,000 shares of the specialty retailer’s stock after buying an additional 43,000 shares during the period. Clark Estates Inc. NY owned about 0.17% of Etsy worth $2,865,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Etsy by 4.8% in the first quarter. Vanguard Group Inc. now owns 7,547,529 shares of the specialty retailer’s stock worth $80,230,000 after buying an additional 346,034 shares in the last quarter. Janus Capital Management LLC raised its position in Etsy by 38.4% in the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock worth $66,140,000 after buying an additional 1,726,152 shares during the period. State Street Corp raised its position in Etsy by 3.3% in the first quarter. State Street Corp now owns 2,299,951 shares of the specialty retailer’s stock worth $24,453,000 after buying an additional 73,146 shares during the period. Dragoneer Investment Group LLC bought a new position in Etsy during the first quarter worth $24,331,000. Finally, FMR LLC raised its position in Etsy by 0.7% in the first quarter. FMR LLC now owns 2,157,833 shares of the specialty retailer’s stock worth $22,938,000 after buying an additional 14,900 shares during the period. 69.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Etsy, Inc. (ETSY) opened at 16.22 on Friday. Etsy, Inc. has a 12-month low of $9.41 and a 12-month high of $16.69. The company has a 50 day moving average price of $14.92 and a 200 day moving average price of $12.61. The stock’s market cap is $1.80 billion.
Etsy (NASDAQ:ETSY) last issued its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. The firm had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $101.14 million. During the same quarter last year, the firm earned ($0.06) earnings per share. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. Analysts anticipate that Etsy, Inc. will post $0.28 earnings per share for the current fiscal year.
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A number of equities analysts have weighed in on ETSY shares. Stifel Nicolaus reissued a “hold” rating and set a $13.00 price objective on shares of Etsy in a research note on Friday, June 23rd. BidaskClub lowered Etsy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada boosted their price objective on Etsy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, August 4th. Loop Capital downgraded Etsy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Roth Capital set a $14.00 target price on Etsy and gave the company a “hold” rating in a research report on Monday, July 31st. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.33.
In other news, CEO Josh Silverman bought 64,000 shares of Etsy stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average price of $15.67 per share, for a total transaction of $1,002,880.00. Following the completion of the acquisition, the chief executive officer now owns 64,000 shares of the company’s stock, valued at $1,002,880. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is currently owned by company insiders.
Etsy Company Profile
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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