Virginia Retirement Systems ET AL acquired a new position in Etsy Inc (NASDAQ:ETSY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 37,000 shares of the specialty retailer’s stock, valued at approximately $625,000.

Several other institutional investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its stake in shares of Etsy by 12.0% in the second quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock worth $152,000 after acquiring an additional 1,092 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Etsy by 9.0% in the second quarter. Principal Financial Group Inc. now owns 16,099 shares of the specialty retailer’s stock worth $241,000 after acquiring an additional 1,330 shares during the last quarter. Amalgamated Bank grew its stake in shares of Etsy by 14.9% in the second quarter. Amalgamated Bank now owns 14,788 shares of the specialty retailer’s stock worth $222,000 after acquiring an additional 1,920 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Etsy by 30.3% in the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after acquiring an additional 2,049 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Etsy by 30.7% in the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after acquiring an additional 2,373 shares during the last quarter. Institutional investors and hedge funds own 74.42% of the company’s stock.

Several brokerages have recently issued reports on ETSY. BidaskClub upgraded shares of Etsy from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Royal Bank Of Canada raised their price objective on shares of Etsy from $16.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 7th. Ifs Securities restated an “outperform” rating and issued a $22.00 price objective (up previously from $18.00) on shares of Etsy in a research note on Tuesday, November 7th. Zacks Investment Research cut Etsy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $18.00 target price (up from $15.00) on shares of Etsy in a research report on Tuesday, November 7th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.69.

In related news, Director Frederick R. Wilson sold 87,938 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $16.24, for a total value of $1,428,113.12. Following the completion of the transaction, the director now directly owns 822,062 shares of the company’s stock, valued at $13,350,286.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.00% of the stock is owned by company insiders.

Etsy Inc (ETSY) opened at $19.32 on Monday. The company has a market capitalization of $2,351.51, a price-to-earnings ratio of 77.28, a P/E/G ratio of 2.97 and a beta of 1.15. Etsy Inc has a 12-month low of $9.41 and a 12-month high of $19.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 4.26 and a quick ratio of 4.26.

Etsy declared that its Board of Directors has initiated a share buyback plan on Friday, November 17th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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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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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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