Etsy, Inc. (NASDAQ:ETSY) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System grew its position in Etsy, Inc. (NASDAQ:ETSY) by 740.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,500 shares of the specialty retailer’s stock after buying an additional 48,900 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Etsy were worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Everence Capital Management Inc. purchased a new position in Etsy during the 3rd quarter valued at about $834,000. TD Asset Management Inc boosted its stake in shares of Etsy by 16.8% in the first quarter. TD Asset Management Inc now owns 1,540,465 shares of the specialty retailer’s stock valued at $105,861,000 after purchasing an additional 221,275 shares during the period. Diversified Trust Co grew its holdings in shares of Etsy by 11.5% in the second quarter. Diversified Trust Co now owns 6,459 shares of the specialty retailer’s stock valued at $381,000 after purchasing an additional 668 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Etsy by 12.6% during the 1st quarter. Advisors Asset Management Inc. now owns 146,865 shares of the specialty retailer’s stock worth $10,093,000 after buying an additional 16,458 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Etsy by 184.3% during the 1st quarter. SG Americas Securities LLC now owns 56,107 shares of the specialty retailer’s stock worth $3,856,000 after buying an additional 36,372 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy Trading Up 0.0 %

ETSY stock opened at $48.64 on Monday. The company has a market capitalization of $5.58 billion, a P/E ratio of 22.62, a PEG ratio of 4.85 and a beta of 1.97. The business has a 50 day simple moving average of $53.09 and a 200-day simple moving average of $58.65. Etsy, Inc. has a twelve month low of $48.07 and a twelve month high of $89.58.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). The business had revenue of $647.80 million for the quarter, compared to analyst estimates of $629.87 million. Etsy had a negative return on equity of 51.94% and a net margin of 10.36%. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. Research analysts predict that Etsy, Inc. will post 2.38 EPS for the current fiscal year.

Insider Transactions at Etsy

In other Etsy news, insider Nicholas Daniel sold 750 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $59.74, for a total transaction of $44,805.00. Following the completion of the sale, the insider now directly owns 18,833 shares of the company’s stock, valued at $1,125,083.42. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Nicholas Daniel sold 750 shares of Etsy stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $59.74, for a total value of $44,805.00. Following the transaction, the insider now directly owns 18,833 shares in the company, valued at $1,125,083.42. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Toni Thompson Nadal sold 1,443 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $51.11, for a total transaction of $73,751.73. Following the transaction, the insider now owns 592 shares of the company’s stock, valued at approximately $30,257.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,619 shares of company stock worth $300,670. Company insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Raymond James cut their price objective on Etsy from $72.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Bank of America cut their price target on Etsy from $61.00 to $58.00 and set a “neutral” rating on the stock in a report on Thursday. Wolfe Research assumed coverage on Etsy in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Wedbush lowered their price objective on Etsy from $65.00 to $58.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Finally, Evercore ISI raised shares of Etsy to a “strong-buy” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $66.83.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.