Fox Run Management L.L.C. Acquires New Position in Etsy Inc (ETSY)
Fox Run Management L.L.C. acquired a new stake in shares of Etsy Inc (NASDAQ:ETSY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,600 shares of the specialty retailer’s stock, valued at approximately $246,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in ETSY. Janus Henderson Group PLC acquired a new stake in Etsy during the second quarter valued at approximately $95,291,000. TPG Group Holdings SBS Advisors Inc. raised its stake in Etsy by 2,287.5% during 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. Southpoint Capital Advisors LP bought a new position in shares of Etsy during the second quarter valued at approximately $16,650,000. William Blair Investment Management LLC bought a new position in shares of Etsy during the second quarter valued at approximately $9,836,000. Finally, Goodnow Investment Group LLC grew its holdings in shares of Etsy by 81.0% during the second quarter. Goodnow Investment Group LLC now owns 1,371,566 shares of the specialty retailer’s stock valued at $20,573,000 after purchasing an additional 613,990 shares during the last quarter. Hedge funds and other institutional investors own 73.17% of the company’s stock.
In other news, CEO Josh Silverman bought 64,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was purchased at an average cost of $15.67 per share, for a total transaction of $1,002,880.00. Following the completion of the transaction, the chief executive officer now directly owns 64,000 shares of the company’s stock, valued at approximately $1,002,880. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.00% of the company’s stock.
Several equities analysts have recently commented on ETSY shares. DA Davidson started coverage on Etsy in a report on Wednesday, September 6th. They set a “buy” rating and a $18.00 target price for the company. Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, September 1st. BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Morgan Stanley reissued an “equal weight” rating and issued a $13.50 price objective (up from $9.50) on shares of Etsy in a report on Thursday, July 20th. Finally, Roth Capital set a $14.00 price objective on Etsy and gave the stock a “hold” rating in a report on Monday, July 31st. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Etsy currently has a consensus rating of “Hold” and a consensus target price of $15.00.
Shares of Etsy Inc (ETSY) opened at $16.59 on Friday. The firm has a market capitalization of $1,961.88, a P/E ratio of 150.82, a price-to-earnings-growth ratio of 3.80 and a beta of 1.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 4.26 and a quick ratio of 4.26. Etsy Inc has a 52-week low of $9.41 and a 52-week high of $17.90.
Etsy (NASDAQ:ETSY) last released its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $101.70 million during the quarter, compared to the consensus estimate of $101.14 million. Etsy had a return on equity of 15.52% and a net margin of 11.47%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) earnings per share. equities analysts predict that Etsy Inc will post 0.25 EPS 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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