Tocqueville Asset Management L.P. Has $4.63 Million Position in Etsy, Inc. (ETSY)
Tocqueville Asset Management L.P. lessened its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,252 shares of the specialty retailer’s stock after selling 7,175 shares during the quarter. Tocqueville Asset Management L.P. owned 0.25% of Etsy worth $4,629,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in ETSY. UBS Asset Management Americas Inc. increased its holdings in Etsy by 83.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 32,139 shares of the specialty retailer’s stock valued at $342,000 after purchasing an additional 14,639 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Etsy by 155.2% during the 1st quarter. JPMorgan Chase & Co. now owns 41,676 shares of the specialty retailer’s stock valued at $443,000 after purchasing an additional 25,344 shares in the last quarter. FMR LLC increased its stake in shares of Etsy by 0.7% in the 1st quarter. FMR LLC now owns 2,157,833 shares of the specialty retailer’s stock valued at $22,938,000 after buying an additional 14,900 shares during the period. Vanguard Group Inc. increased its stake in shares of Etsy by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 7,547,529 shares of the specialty retailer’s stock valued at $80,230,000 after buying an additional 346,034 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Etsy by 7.0% in the 1st quarter. Geode Capital Management LLC now owns 785,888 shares of the specialty retailer’s stock valued at $8,353,000 after buying an additional 51,569 shares during the period. 73.82% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. Royal Bank Of Canada reissued a “hold” rating on shares of Etsy in a research note on Thursday. Piper Jaffray Companies reissued a “neutral” rating and issued a $14.50 target price on shares of Etsy in a research note on Wednesday, October 4th. Zacks Investment Research raised Etsy from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, September 15th. DA Davidson started coverage on Etsy in a research note on Wednesday, September 6th. They issued a “buy” rating and a $18.00 target price for the company. Finally, BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $15.00.
Shares of Etsy, Inc. (ETSY) opened at $16.59 on Monday. Etsy, Inc. has a twelve month low of $9.41 and a twelve month high of $17.90. The stock has a market capitalization of $1,961.89, a PE ratio of 150.82, a P/E/G ratio of 3.80 and a beta of 1.19. 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 (NASDAQ:ETSY) last released its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.06. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. The business had revenue of $101.70 million for the quarter, compared to analyst estimates of $101.14 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. Etsy’s revenue was up 19.2% on a year-over-year basis. analysts expect that Etsy, Inc. will post 0.25 EPS for the current fiscal year.
In related news, CEO Josh Silverman bought 64,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $15.67 per share, for a total transaction of $1,002,880.00. Following the completion of the acquisition, the chief executive officer now owns 64,000 shares of the company’s stock, valued at approximately $1,002,880. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.00% of the company’s stock.
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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