Etsy, Inc. (NASDAQ:ETSY) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its holdings in Etsy, Inc. (NASDAQ:ETSYGet Rating) by 57.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,186 shares of the specialty retailer’s stock after acquiring an additional 33,801 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of Etsy worth $11,464,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Blair William & Co. IL lifted its holdings in shares of Etsy by 6.1% during the fourth quarter. Blair William & Co. IL now owns 19,554 shares of the specialty retailer’s stock worth $4,281,000 after purchasing an additional 1,131 shares during the period. Legal & General Group Plc lifted its holdings in shares of Etsy by 0.3% during the fourth quarter. Legal & General Group Plc now owns 965,724 shares of the specialty retailer’s stock worth $211,435,000 after purchasing an additional 3,036 shares during the period. Raymond James & Associates lifted its holdings in shares of Etsy by 41.6% during the fourth quarter. Raymond James & Associates now owns 164,835 shares of the specialty retailer’s stock worth $36,089,000 after purchasing an additional 48,412 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Etsy by 2.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 31,646 shares of the specialty retailer’s stock worth $6,929,000 after purchasing an additional 804 shares during the period. Finally, Inspire Investing LLC acquired a new stake in shares of Etsy during the first quarter worth about $2,412,000. Institutional investors and hedge funds own 89.93% of the company’s stock.

Etsy Stock Performance

NASDAQ:ETSY opened at $109.38 on Friday. The company’s 50-day moving average price is $85.64 and its 200-day moving average price is $109.86. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 4.10. The company has a market cap of $13.85 billion, a P/E ratio of 38.51, a P/E/G ratio of 5.02 and a beta of 1.88. Etsy, Inc. has a twelve month low of $67.01 and a twelve month high of $307.75.

Etsy (NASDAQ:ETSYGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.20. The firm had revenue of $585.20 million for the quarter, compared to the consensus estimate of $556.85 million. Etsy had a net margin of 17.01% and a return on equity of 67.88%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. On average, sell-side analysts forecast that Etsy, Inc. will post 2.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Etsy news, CEO Josh Silverman sold 20,850 shares of Etsy stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $72.45, for a total transaction of $1,510,582.50. Following the transaction, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at $7,441,122.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Etsy news, CMO Ryan M. Scott sold 712 shares of Etsy stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $100.00, for a total transaction of $71,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Josh Silverman sold 20,850 shares of Etsy stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $72.45, for a total transaction of $1,510,582.50. Following the transaction, the chief executive officer now directly owns 102,707 shares in the company, valued at $7,441,122.15. The disclosure for this sale can be found here. Insiders have sold 132,130 shares of company stock valued at $11,368,022 over the last ninety days. Company insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BTIG Research boosted their price target on Etsy from $105.00 to $122.00 in a report on Thursday, July 28th. Oppenheimer boosted their price target on Etsy from $120.00 to $127.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. Needham & Company LLC downgraded Etsy from a “buy” rating to a “hold” rating in a report on Monday, June 27th. Sanford C. Bernstein assumed coverage on Etsy in a report on Monday, May 23rd. They issued an “outperform” rating and a $105.00 price target for the company. Finally, Evercore ISI decreased their price target on Etsy from $130.00 to $95.00 and set an “outperform” rating for the company in a report on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $129.95.

Etsy Profile

(Get Rating)

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

Further Reading

Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.