Parametrica Management Ltd Takes Position in Etsy Inc (ETSY)
Parametrica Management Ltd purchased a new position in Etsy Inc (NASDAQ:ETSY) in the 4th quarter, HoldingsChannel reports. The firm purchased 10,382 shares of the specialty retailer’s stock, valued at approximately $212,000.
A number of other large investors have also bought and sold shares of the stock. Ameritas Investment Partners Inc. grew its stake in Etsy by 12.0% during the second quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock worth $152,000 after buying an additional 1,092 shares during the last quarter. Principal Financial Group Inc. grew its stake in Etsy by 9.0% during the second quarter. Principal Financial Group Inc. now owns 16,099 shares of the specialty retailer’s stock worth $241,000 after buying an additional 1,330 shares during the last quarter. Amalgamated Bank grew its stake in Etsy by 14.9% during the second quarter. Amalgamated Bank now owns 14,788 shares of the specialty retailer’s stock worth $222,000 after buying an additional 1,920 shares during the last quarter. Royal Bank of Canada grew its stake in Etsy by 30.3% during the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after buying an additional 2,049 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Etsy by 99.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,728 shares of the specialty retailer’s stock worth $137,000 after buying an additional 3,361 shares during the last quarter. 74.45% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Frederick R. Wilson sold 87,938 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $16.24, for a total transaction of $1,428,113.12. Following the sale, the director now directly owns 822,062 shares of the company’s stock, valued at $13,350,286.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is owned by corporate insiders.
Shares of Etsy Inc (ETSY) opened at $18.71 on Wednesday. Etsy Inc has a 52 week low of $9.41 and a 52 week high of $21.86. The company has a debt-to-equity ratio of 0.19, a quick ratio of 4.26 and a current ratio of 4.26. The company has a market cap of $2,244.41, a P/E ratio of 73.76, a PEG ratio of 3.61 and a beta of 0.92.
Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Monday, November 6th. The specialty retailer reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07. Etsy had a net margin of 3.77% and a return on equity of 9.19%. analysts anticipate that Etsy Inc will post 0.38 EPS for the current fiscal year.
Etsy declared that its Board of Directors has initiated a share repurchase plan on Friday, November 17th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
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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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