11,236 Shares in Etsy Inc $ETSY Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new stake in shares of Etsy Inc (NYSE:ETSY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,236 shares of the company’s stock, valued at approximately $846,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its position in Etsy by 627.2% during the first quarter. Janus Henderson Group PLC now owns 279,407 shares of the company’s stock valued at $13,962,000 after acquiring an additional 240,986 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Etsy by 51.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,278,123 shares of the company’s stock worth $163,841,000 after purchasing an additional 1,112,520 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Etsy by 338.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 103,497 shares of the company’s stock valued at $5,738,000 after purchasing an additional 79,888 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Etsy by 717.7% in the 1st quarter. SG Americas Securities LLC now owns 1,497,174 shares of the company’s stock valued at $74,829,000 after purchasing an additional 1,314,071 shares during the period. Finally, Hussman Strategic Advisors Inc. boosted its holdings in Etsy by 100.0% during the fourth quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $4,657,000 after buying an additional 42,000 shares in the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

Etsy Trading Up 1.7%

Shares of NYSE ETSY opened at $79.76 on Wednesday. The stock has a market cap of $7.57 billion, a PE ratio of 44.56, a P/E/G ratio of 5.47 and a beta of 1.84. Etsy Inc has a 12-month low of $44.00 and a 12-month high of $87.97. The company has a 50-day moving average of $79.06 and a 200 day moving average of $64.70.

Etsy (NYSE:ETSY) last released its earnings results on Wednesday, August 5th. The company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.24). The business had revenue of $668.31 million during the quarter, compared to analysts’ expectations of $646.10 million. Etsy had a negative return on equity of 34.18% and a net margin of 7.32%.The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the business earned $0.25 earnings per share. On average, sell-side analysts forecast that Etsy Inc will post 3.94 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Arete Research set a $76.00 target price on shares of Etsy and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Raymond James Financial lifted their price target on shares of Etsy from $75.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group assumed coverage on shares of Etsy in a research note on Monday. They issued a “neutral” rating and a $89.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Etsy from $74.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Finally, Needham & Company LLC lifted their price target on Etsy from $85.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $82.73.

Insider Transactions at Etsy

In other Etsy news, Director Frederick R. Wilson sold 20,000 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $83.22, for a total transaction of $1,664,400.00. Following the transaction, the director owned 421,329 shares of the company’s stock, valued at approximately $35,062,999.38. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Richard Edward Colburn III sold 8,252 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $82.09, for a total value of $677,406.68. Following the completion of the sale, the insider owned 6,503 shares of the company’s stock, valued at approximately $533,831.27. The trade was a 55.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 604,262 shares of company stock valued at $45,085,166. 2.50% of the stock is currently owned by company insiders.

Etsy Company Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.