SG Americas Securities LLC bought a new stake in shares of Etsy Inc (NASDAQ:ETSY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,031 shares of the specialty retailer’s stock, valued at approximately $287,000.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada increased its position in Etsy by 30.3% during the 2nd quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock valued at $133,000 after buying an additional 2,049 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Etsy by 12.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock valued at $152,000 after buying an additional 1,092 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in Etsy during the 3rd quarter valued at about $211,000. Amalgamated Bank increased its position in Etsy by 14.9% during the 2nd quarter. Amalgamated Bank now owns 14,788 shares of the specialty retailer’s stock valued at $222,000 after buying an additional 1,920 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Etsy by 9.0% during the 2nd quarter. Principal Financial Group Inc. now owns 16,099 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 1,330 shares in the last quarter. 74.42% of the stock is currently owned by institutional investors.

Etsy Inc (NASDAQ ETSY) opened at $20.77 on Tuesday. The company has a quick ratio of 4.26, a current ratio of 4.26 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $2,530.00 and a PE ratio of 82.00. Etsy Inc has a 1-year low of $9.41 and a 1-year high of $20.92.

Etsy declared that its Board of Directors has authorized a share repurchase plan on Friday, November 17th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Several research analysts recently issued reports on ETSY shares. Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Friday, September 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $18.00 target price (up from $15.00) on shares of Etsy in a research report on Tuesday, November 7th. DA Davidson started coverage on Etsy in a research report on Wednesday, September 6th. They set a “buy” rating and a $18.00 target price on the stock. Royal Bank of Canada upped their target price on Etsy from $16.00 to $18.00 and gave the company a “sector perform” rating in a research report on Tuesday, November 7th. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and set a $14.50 target price on shares of Etsy in a research report on Wednesday, October 4th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $15.69.

In other news, Director Frederick R. Wilson sold 87,938 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $16.24, for a total value of $1,428,113.12. Following the transaction, the director now directly owns 822,062 shares of the company’s stock, valued at $13,350,286.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.00% of the stock is currently owned by corporate insiders.

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Etsy Company 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.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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