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.

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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 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.

Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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