Goodnow Investment Group LLC raised its holdings in Etsy, Inc. (NASDAQ:ETSY) by 81.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,371,566 shares of the specialty retailer’s stock after buying an additional 613,990 shares during the quarter. Etsy accounts for 4.3% of Goodnow Investment Group LLC’s investment portfolio, making the stock its 10th largest holding. Goodnow Investment Group LLC owned about 1.24% of Etsy worth $20,573,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETSY. Dragoneer Investment Group LLC bought a new stake in shares of Etsy during the first quarter valued at approximately $24,331,000. Janus Capital Management LLC increased its holdings in shares of Etsy by 38.4% during the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock valued at $66,140,000 after acquiring an additional 1,726,152 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Etsy by 204.5% during the first quarter. Point72 Asset Management L.P. now owns 1,141,948 shares of the specialty retailer’s stock valued at $12,139,000 after acquiring an additional 766,948 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Etsy during the second quarter valued at approximately $9,836,000. Finally, potrero capital research llc bought a new stake in shares of Etsy during the first quarter valued at approximately $3,779,000. Hedge funds and other institutional investors own 73.03% of the company’s stock.
Several equities research analysts have recently commented on ETSY shares. Maxim Group set a $17.00 price objective on Etsy and gave the company a “buy” rating in a report on Wednesday, June 21st. Roth Capital set a $14.00 price objective on Etsy and gave the company a “hold” rating in a report on Thursday, June 22nd. Stifel Nicolaus restated a “hold” rating and set a $13.00 price objective on shares of Etsy in a report on Friday, June 23rd. BidaskClub upgraded Etsy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $12.00 price objective on shares of Etsy in a report on Friday, June 30th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $14.92.
In related news, CEO Josh Silverman acquired 64,000 shares of Etsy stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average price of $15.67 per share, with a total value of $1,002,880.00. Following the transaction, the chief executive officer now directly owns 64,000 shares in the company, valued at $1,002,880. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is owned by company insiders.
Shares of Etsy, Inc. (NASDAQ ETSY) traded up 0.47% during midday trading on Tuesday, reaching $16.98. The company had a trading volume of 171,139 shares. The company has a 50-day moving average price of $16.07 and a 200 day moving average price of $13.34. The company’s market capitalization is $1.88 billion. Etsy, Inc. has a one year low of $9.41 and a one year high of $17.90.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. The company had revenue of $101.70 million during the quarter, compared to analyst estimates of $101.14 million. During the same quarter last year, the company earned ($0.06) EPS. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. Equities analysts anticipate that Etsy, Inc. will post $0.27 earnings per share for the current fiscal year.
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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