Credit Suisse AG raised its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 13.0% during the first quarter, Holdings Channel reports. The fund owned 129,519 shares of the specialty retailer’s stock after buying an additional 14,894 shares during the period. Credit Suisse AG’s holdings in Etsy were worth $1,377,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP acquired a new position in shares of Etsy during the fourth quarter valued at about $957,000. Guggenheim Capital LLC acquired a new position in shares of Etsy during the fourth quarter valued at about $401,000. AQR Capital Management LLC acquired a new position in shares of Etsy during the fourth quarter valued at about $343,000. Teachers Advisors LLC raised its position in shares of Etsy by 8.8% in the fourth quarter. Teachers Advisors LLC now owns 906,056 shares of the specialty retailer’s stock valued at $10,673,000 after buying an additional 73,050 shares during the last quarter. Finally, Creative Planning raised its position in shares of Etsy by 77.4% in the first quarter. Creative Planning now owns 12,053 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 5,258 shares during the last quarter. Institutional investors own 69.37% of the company’s stock.
Etsy, Inc. (NASDAQ ETSY) traded up 0.480% during midday trading on Wednesday, hitting $15.715. The company had a trading volume of 429,516 shares. The firm’s market capitalization is $1.74 billion. The firm’s 50 day moving average is $14.96 and its 200-day moving average is $12.65. Etsy, Inc. has a 52 week low of $9.41 and a 52 week high of $16.69.
Etsy (NASDAQ:ETSY) last released its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. The business had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $101.14 million. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. The firm’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. On average, equities research analysts expect that Etsy, Inc. will post $0.28 EPS for the current fiscal year.
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Several equities analysts have recently issued reports on ETSY shares. Maxim Group reiterated a “buy” rating and issued a $17.00 price target on shares of Etsy in a research note on Tuesday, April 25th. Zacks Investment Research lowered Etsy from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Wedbush reiterated a “neutral” rating and issued a $9.00 price target (down previously from $13.00) on shares of Etsy in a research note on Wednesday, May 3rd. Roth Capital lowered Etsy from a “buy” rating to a “neutral” rating and set a $13.50 price target on the stock. in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.00 price target (down previously from $14.00) on shares of Etsy in a research note on Wednesday, May 3rd. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average 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 acquired at an average price of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the purchase, the chief executive officer now directly owns 64,000 shares in the company, valued at $1,002,880. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.00% of the stock is owned by corporate 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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