Quadrant Capital Group LLC Takes $30,000 Position in Etsy Inc (ETSY)

Quadrant Capital Group LLC purchased a new stake in Etsy Inc (NASDAQ:ETSY) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 464 shares of the specialty retailer’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of ETSY. BlackRock Inc. raised its stake in Etsy by 2.9% during the 4th quarter. BlackRock Inc. now owns 8,339,528 shares of the specialty retailer’s stock valued at $396,711,000 after purchasing an additional 238,711 shares during the period. Lord Abbett & CO. LLC raised its stake in Etsy by 265.0% during the 4th quarter. Lord Abbett & CO. LLC now owns 2,392,175 shares of the specialty retailer’s stock valued at $113,796,000 after purchasing an additional 1,736,734 shares during the period. FMR LLC raised its stake in Etsy by 68.3% during the 4th quarter. FMR LLC now owns 1,882,900 shares of the specialty retailer’s stock valued at $89,570,000 after purchasing an additional 763,816 shares during the period. 1832 Asset Management L.P. raised its stake in Etsy by 33.1% during the 4th quarter. 1832 Asset Management L.P. now owns 1,507,000 shares of the specialty retailer’s stock valued at $69,924,000 after purchasing an additional 374,900 shares during the period. Finally, Geode Capital Management LLC raised its stake in Etsy by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 1,498,337 shares of the specialty retailer’s stock valued at $71,275,000 after purchasing an additional 104,042 shares during the period. 93.69% of the stock is currently owned by institutional investors.

Etsy stock opened at $58.82 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.87 and a current ratio of 4.87. Etsy Inc has a 12 month low of $28.60 and a 12 month high of $73.35. The firm has a market cap of $6.88 billion, a PE ratio of 77.34, a P/E/G ratio of 3.61 and a beta of 0.98.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Wednesday, May 8th. The specialty retailer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.14 by $0.10. Etsy had a net margin of 14.74% and a return on equity of 24.24%. The business had revenue of $169.33 million for the quarter, compared to analysts’ expectations of $170.72 million. During the same period in the previous year, the company posted $0.10 EPS. Etsy’s revenue was up 40.0% on a year-over-year basis. As a group, equities analysts expect that Etsy Inc will post 0.82 earnings per share for the current fiscal year.

In other news, insider Michael T. Fisher sold 57,292 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $68.65, for a total transaction of $3,933,095.80. Following the transaction, the insider now directly owns 84,518 shares in the company, valued at approximately $5,802,160.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael T. Fisher sold 46,874 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $65.00, for a total transaction of $3,046,810.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,285 shares of company stock worth $12,638,801. 3.00% of the stock is currently owned by corporate insiders.

Several analysts have issued reports on ETSY shares. BidaskClub downgraded shares of Etsy from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Deutsche Bank started coverage on shares of Etsy in a research note on Tuesday, January 29th. They set a “buy” rating and a $64.00 target price on the stock. Roth Capital boosted their target price on shares of Etsy from $72.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. ValuEngine raised shares of Etsy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 19th. Finally, DA Davidson boosted their target price on shares of Etsy to $71.00 and gave the company a “buy” rating in a research note on Tuesday, February 26th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.87.

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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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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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