Etsy Target of Unusually Large Options Trading (ETSY)
Etsy, Inc. (NASDAQ:ETSY) was the recipient of some unusual options trading on Thursday. Stock traders bought 7,910 put options on the stock. This represents an increase of approximately Infinity compared to the average volume of 0 put options.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Etsy by 4.3% in the second quarter. Vanguard Group Inc. now owns 7,873,527 shares of the specialty retailer’s stock valued at $118,103,000 after buying an additional 325,998 shares in the last quarter. BlackRock Inc. boosted its stake in Etsy by 5.5% in the second quarter. BlackRock Inc. now owns 6,701,573 shares of the specialty retailer’s stock valued at $100,523,000 after buying an additional 351,751 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Etsy in the second quarter valued at about $95,291,000. TPG Group Holdings SBS Advisors Inc. boosted its stake in Etsy by 2,287.5% in the second quarter. TPG Group Holdings SBS Advisors Inc. now owns 5,003,888 shares of the specialty retailer’s stock valued at $75,058,000 after buying an additional 4,794,297 shares in the last quarter. Finally, State Street Corp boosted its stake in Etsy by 4.4% in the second quarter. State Street Corp now owns 2,401,810 shares of the specialty retailer’s stock valued at $36,040,000 after buying an additional 101,859 shares in the last quarter. 73.82% of the stock is currently owned by institutional investors and hedge funds.
Shares of Etsy (ETSY) opened at $16.72 on Friday. The stock has a market capitalization of $2,035.06, a price-to-earnings ratio of 66.88, a PEG ratio of 2.57 and a beta of 1.19. Etsy has a 1-year low of $9.41 and a 1-year high of $17.90. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.22.
ETSY has been the topic of several research reports. Zacks Investment Research upgraded Etsy from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Friday, September 15th. Royal Bank of Canada upped their price objective on Etsy from $12.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Friday, August 4th. BidaskClub cut Etsy from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Roth Capital set a $14.00 price objective on Etsy and gave the stock a “hold” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus restated a “hold” rating and issued a $18.00 price target (up previously from $15.00) on shares of Etsy in a research note on Tuesday, November 7th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $15.69.
WARNING: “Etsy Target of Unusually Large Options Trading (ETSY)” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/etsy-target-of-unusually-large-options-trading-etsy/1697153.html.
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.
Receive News & Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.