Guggenheim Capital LLC Sells 7,083 Shares of Etsy Inc (NASDAQ:ETSY)

Guggenheim Capital LLC lowered its position in shares of Etsy Inc (NASDAQ:ETSY) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,922 shares of the specialty retailer’s stock after selling 7,083 shares during the quarter. Guggenheim Capital LLC’s holdings in Etsy were worth $811,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. First Republic Investment Management Inc. bought a new stake in Etsy during the 1st quarter worth about $205,000. Delpha Capital Management LLC boosted its stake in shares of Etsy by 353.4% in the 1st quarter. Delpha Capital Management LLC now owns 8,162 shares of the specialty retailer’s stock valued at $229,000 after purchasing an additional 6,362 shares during the last quarter. Zeke Capital Advisors LLC bought a new position in shares of Etsy in the 1st quarter valued at about $235,000. SG Americas Securities LLC bought a new position in shares of Etsy in the 1st quarter valued at about $284,000. Finally, Aperio Group LLC bought a new position in shares of Etsy in the 1st quarter valued at about $319,000. Institutional investors and hedge funds own 87.38% of the company’s stock.

Shares of ETSY stock opened at $46.06 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 6.62 and a current ratio of 5.87. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 109.32, a P/E/G ratio of 6.94 and a beta of 0.12. Etsy Inc has a 52 week low of $15.27 and a 52 week high of $50.60.

Etsy (NASDAQ:ETSY) last announced its earnings results on Monday, August 6th. The specialty retailer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $132.39 million for the quarter, compared to analyst estimates of $127.10 million. Etsy had a return on equity of 13.23% and a net margin of 17.52%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. analysts forecast that Etsy Inc will post 0.42 EPS for the current year.

In other Etsy news, Director M Michele Burns sold 45,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $44.48, for a total transaction of $2,001,600.00. Following the sale, the director now directly owns 28,103 shares in the company, valued at approximately $1,250,021.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Several research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Etsy to $42.00 and gave the stock a “sector perform” rating in a research note on Friday, June 15th. Loop Capital lifted their price objective on shares of Etsy from $37.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, June 18th. DA Davidson lifted their price objective on shares of Etsy from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday. Finally, Stifel Nicolaus lifted their price objective on shares of Etsy from $30.00 to $37.00 and gave the stock a “hold” rating in a research note on Friday, June 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Etsy has an average rating of “Buy” and an average target price of $42.41.

Etsy Profile

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

Further Reading: NASDAQ

Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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