Comerica Bank lifted its stake in shares of Etsy Inc (NASDAQ:ETSY) by 6.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,103 shares of the specialty retailer’s stock after buying an additional 2,100 shares during the quarter. Comerica Bank’s holdings in Etsy were worth $2,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC purchased a new position in shares of Etsy during the first quarter valued at about $30,000. Optimum Investment Advisors purchased a new position in shares of Etsy during the fourth quarter valued at about $33,000. Quantamental Technologies LLC purchased a new position in shares of Etsy during the fourth quarter valued at about $43,000. First Quadrant L P CA purchased a new position in shares of Etsy during the fourth quarter valued at about $45,000. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Etsy during the fourth quarter valued at about $76,000.
Several brokerages recently issued reports on ETSY. BidaskClub upgraded shares of Etsy from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research cut shares of Etsy from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Royal Bank of Canada restated a “hold” rating and issued a $60.00 price objective on shares of Etsy in a report on Wednesday, March 13th. Canaccord Genuity began coverage on shares of Etsy in a report on Thursday, April 4th. They issued a “buy” rating and a $85.00 price objective on the stock. Finally, BTIG Research restated a “hold” rating on shares of Etsy in a report on Tuesday, March 19th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Etsy has an average rating of “Buy” and an average target price of $68.87.
In other news, SVP Goyal Kruti Patel sold 3,753 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $69.69, for a total value of $261,546.57. Following the transaction, the senior vice president now owns 16,389 shares in the company, valued at $1,142,149.41. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael T. Fisher sold 46,874 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $65.00, for a total transaction of $3,046,810.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,285 shares of company stock worth $12,638,801. Insiders own 3.00% of the company’s stock.
Shares of ETSY opened at $64.71 on Friday. The stock has a market capitalization of $7.78 billion, a price-to-earnings ratio of 106.08, a price-to-earnings-growth ratio of 4.11 and a beta of 0.98. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.87 and a current ratio of 4.87. Etsy Inc has a fifty-two week low of $29.53 and a fifty-two week high of $73.35.
Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.10. The business had revenue of $169.33 million for the quarter, compared to analysts’ expectations of $170.72 million. Etsy had a net margin of 14.74% and a return on equity of 24.24%. The business’s revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. As a group, equities analysts predict that Etsy Inc will post 0.82 earnings per share for the current year.
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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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