Rice Hall James & Associates LLC Purchases New Holdings in Etsy Inc $ETSY

Rice Hall James & Associates LLC acquired a new position in Etsy Inc (NYSE:ETSY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 165,432 shares of the company’s stock, valued at approximately $12,462,000. Rice Hall James & Associates LLC owned about 0.17% of Etsy at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Persistent Asset Partners Ltd bought a new position in Etsy in the 2nd quarter valued at $201,000. Global Retirement Partners LLC bought a new stake in shares of Etsy during the second quarter worth $34,000. Bank of New York Mellon Corp acquired a new position in shares of Etsy during the second quarter valued at $42,781,000. State of Wyoming acquired a new position in shares of Etsy during the second quarter valued at $242,000. Finally, GSA Capital Partners LLP bought a new position in Etsy in the second quarter valued at about $2,775,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on ETSY shares. B. Riley Financial lifted their price objective on Etsy from $75.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Susquehanna downgraded shares of Etsy to a “neutral” rating in a research report on Thursday, May 21st. Weiss Ratings cut shares of Etsy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, August 6th. Arete Research set a $76.00 price target on shares of Etsy and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Roth Capital assumed coverage on shares of Etsy in a research note on Thursday, May 21st. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $82.73.

Insider Buying and Selling

In other news, insider Josh Silverman sold 134,730 shares of Etsy stock in a transaction on Monday, June 1st. The shares were sold at an average price of $68.89, for a total transaction of $9,281,549.70. Following the transaction, the insider directly owned 130,694 shares of the company’s stock, valued at $9,003,509.66. This trade represents a 50.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederick R. Wilson sold 20,000 shares of Etsy 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 directly owned 421,329 shares in the company, valued at approximately $35,062,999.38. This represents a 4.53% 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. Corporate insiders own 2.50% of the company’s stock.

Etsy Trading Down 2.2%

Shares of ETSY opened at $78.17 on Tuesday. The stock has a market cap of $7.42 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 5.47 and a beta of 1.84. Etsy Inc has a 1 year low of $44.00 and a 1 year high of $87.97. The stock’s 50-day moving average price is $78.84 and its two-hundred day moving average price is $64.54.

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

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.