GSA Capital Partners LLP Has $1.55 Million Stake in Etsy Inc (NASDAQ:ETSY)
GSA Capital Partners LLP reduced its holdings in shares of Etsy Inc (NASDAQ:ETSY) by 74.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,716 shares of the specialty retailer’s stock after selling 108,921 shares during the quarter. GSA Capital Partners LLP’s holdings in Etsy were worth $1,549,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Gilder Gagnon Howe & Co. LLC grew its stake in Etsy by 139.1% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 4,506,559 shares of the specialty retailer’s stock worth $190,132,000 after purchasing an additional 2,621,521 shares during the period. Prudential Financial Inc. boosted its holdings in Etsy by 48.9% in the first quarter. Prudential Financial Inc. now owns 2,271,627 shares of the specialty retailer’s stock worth $63,742,000 after acquiring an additional 746,179 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Etsy by 64.1% in the first quarter. OppenheimerFunds Inc. now owns 1,367,768 shares of the specialty retailer’s stock worth $38,380,000 after acquiring an additional 534,217 shares in the last quarter. Columbus Circle Investors bought a new position in Etsy in the second quarter worth approximately $15,652,000. Finally, Point72 Asset Management L.P. boosted its holdings in Etsy by 26.8% in the first quarter. Point72 Asset Management L.P. now owns 1,698,225 shares of the specialty retailer’s stock worth $47,652,000 after acquiring an additional 358,900 shares in the last quarter. Institutional investors and hedge funds own 86.75% of the company’s stock.
In related news, Director Frederick R. Wilson sold 22,062 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $45.48, for a total transaction of $1,003,379.76. Following the transaction, the director now owns 23,487 shares in the company, valued at approximately $1,068,188.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director M Michele Burns sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $43.85, for a total value of $219,250.00. Following the transaction, the director now owns 18,487 shares in the company, valued at approximately $810,654.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,062 shares of company stock valued at $4,834,580. Corporate insiders own 2.80% of the company’s stock.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Monday, August 6th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Etsy had a return on equity of 13.23% and a net margin of 17.52%. The firm had revenue of $132.39 million for the quarter, compared to the consensus estimate of $127.10 million. During the same period last year, the firm earned $0.10 EPS. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. equities analysts forecast that Etsy Inc will post 0.42 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. Royal Bank of Canada increased their price target on Etsy to $42.00 and gave the stock a “sector perform” rating in a report on Friday, June 15th. Loop Capital raised their target price on Etsy from $37.00 to $50.00 and gave the company a “buy” rating in a report on Monday, June 18th. DA Davidson raised their target price on Etsy from $51.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Zacks Investment Research upgraded Etsy from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, August 8th. Finally, Stifel Nicolaus increased their price target on Etsy from $30.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, June 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Etsy currently has an average rating of “Buy” and an average target price of $44.38.
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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