Scholtz & Company LLC acquired a new stake in shares of Etsy Inc (NASDAQ:ETSY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 77,805 shares of the specialty retailer’s stock, valued at approximately $3,701,000. Etsy makes up about 3.2% of Scholtz & Company LLC’s investment portfolio, making the stock its 15th largest position. Scholtz & Company LLC owned approximately 0.06% of Etsy as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in shares of Etsy by 13.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,680 shares of the specialty retailer’s stock worth $80,000 after purchasing an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Etsy by 8.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,103 shares of the specialty retailer’s stock worth $338,000 after purchasing an additional 531 shares in the last quarter. Cornerstone Advisors Inc. purchased a new stake in shares of Etsy in the third quarter worth approximately $29,000. Quantamental Technologies LLC purchased a new stake in shares of Etsy in the fourth quarter worth approximately $43,000. Finally, First Quadrant L P CA purchased a new stake in shares of Etsy in the fourth quarter worth approximately $45,000. Institutional investors own 90.12% of the company’s stock.
ETSY opened at $55.04 on Thursday. Etsy Inc has a fifty-two week low of $19.23 and a fifty-two week high of $60.58. The company has a debt-to-equity ratio of 0.85, a quick ratio of 5.49 and a current ratio of 5.49. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 144.84, a price-to-earnings-growth ratio of 4.59 and a beta of 0.93.
A number of analysts have recently issued reports on ETSY shares. Goldman Sachs Group raised shares of Etsy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $54.00 in a research report on Friday, January 4th. ValuEngine raised shares of Etsy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 19th. BidaskClub raised shares of Etsy from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. Morgan Stanley raised shares of Etsy from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $36.00 to $48.00 in a research report on Wednesday, October 24th. Finally, Loop Capital set a $70.00 price target on shares of Etsy and gave the company a “buy” rating in a research report on Monday, December 17th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Etsy has a consensus rating of “Buy” and an average target price of $54.47.
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Etsy Company 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.
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