BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Etsy, Inc. (NASDAQ:ETSY) by 2.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,731 shares of the specialty retailer’s stock after buying an additional 573 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Etsy were worth $4,181,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in ETSY. Credit Agricole S A acquired a new position in shares of Etsy in the 4th quarter valued at $25,000. Salem Investment Counselors Inc. bought a new stake in shares of Etsy in the 4th quarter worth about $27,000. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Etsy in the 4th quarter worth about $27,000. Associated Banc Corp grew its holdings in shares of Etsy by 450.0% in the 4th quarter. Associated Banc Corp now owns 165 shares of the specialty retailer’s stock worth $29,000 after purchasing an additional 135 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Etsy by 45.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 174 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 87.69% of the company’s stock.
Several research firms have recently weighed in on ETSY. Canaccord Genuity upped their target price on shares of Etsy from $215.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, March 4th. BTIG Research lowered their target price on shares of Etsy from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, May 6th. Zacks Investment Research lowered shares of Etsy from a “hold” rating to a “sell” rating and set a $218.00 target price on the stock. in a report on Wednesday, April 28th. Truist Securities decreased their price objective on shares of Etsy from $224.00 to $215.00 in a report on Thursday, May 6th. Finally, Morgan Stanley increased their price objective on shares of Etsy from $123.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, May 6th. Two investment analysts have rated the stock with a sell rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $218.87.
Shares of ETSY opened at $169.84 on Wednesday. Etsy, Inc. has a 52-week low of $69.35 and a 52-week high of $251.86. The company has a debt-to-equity ratio of 1.65, a quick ratio of 4.98 and a current ratio of 4.98. The business’s 50 day moving average price is $203.75 and its two-hundred day moving average price is $188.66. The firm has a market cap of $21.59 billion, a PE ratio of 94.36, a price-to-earnings-growth ratio of 3.58 and a beta of 1.66.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, May 5th. The specialty retailer reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.16. Etsy had a return on equity of 46.30% and a net margin of 16.83%. Research analysts predict that Etsy, Inc. will post 2.12 EPS for the current fiscal year.
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 online market places include Etsy.com and Reverb.com. The company offers approximately 85 million items in its various retail categories to buyers.
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