Etsy Inc (ETSY) Shares Bought by United Services Automobile Association

Share on StockTwits

United Services Automobile Association increased its holdings in Etsy Inc (NASDAQ:ETSY) by 1,131.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 243,274 shares of the specialty retailer’s stock after acquiring an additional 223,518 shares during the period. United Services Automobile Association’s holdings in Etsy were worth $12,499,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ETSY. Mount Yale Investment Advisors LLC purchased a new stake in Etsy in the 2nd quarter worth about $102,000. Moneta Group Investment Advisors LLC purchased a new stake in Etsy in the 2nd quarter worth about $146,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Etsy in the 3rd quarter worth about $149,000. Eqis Capital Management Inc. purchased a new stake in Etsy in the 2nd quarter worth about $201,000. Finally, AMP Capital Investors Ltd purchased a new stake in Etsy in the 3rd quarter worth about $202,000. 89.86% of the stock is owned by hedge funds and other institutional investors.

Shares of ETSY stock opened at $53.92 on Friday. The company has a current ratio of 5.49, a quick ratio of 5.49 and a debt-to-equity ratio of 0.85. Etsy Inc has a fifty-two week low of $16.72 and a fifty-two week high of $58.30. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 141.89, a PEG ratio of 6.27 and a beta of 0.68.

Etsy (NASDAQ:ETSY) last issued its earnings results on Tuesday, November 6th. The specialty retailer reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.09. The company had revenue of $150.37 million for the quarter, compared to analyst estimates of $149.76 million. Etsy had a return on equity of 14.10% and a net margin of 15.00%. The business’s revenue was up 41.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. Equities research analysts expect that Etsy Inc will post 0.59 earnings per share for the current fiscal year.

Several research analysts have weighed in on the company. BidaskClub raised Etsy from a “hold” rating to a “buy” rating in a research report on Friday. Citigroup assumed coverage on Etsy in a research report on Friday. They issued a “buy” rating and a $70.00 target price on the stock. Wedbush assumed coverage on Etsy in a research report on Friday, September 14th. They issued a “buy” rating on the stock. DA Davidson reaffirmed a “buy” rating and issued a $59.00 target price (up from $53.00) on shares of Etsy in a research report on Friday, September 14th. Finally, Loop Capital upped their target price on Etsy to $65.00 and gave the stock a “buy” rating in a research report on Friday, September 14th. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $50.38.

In other news, Director Jonathan D. Klein sold 35,900 shares of the stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $51.12, for a total transaction of $1,835,208.00. Following the transaction, the director now owns 165,165 shares of the company’s stock, valued at approximately $8,443,234.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally published by BBNS and is owned by of BBNS. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://baseballnewssource.com/2018/12/08/etsy-inc-etsy-shares-bought-by-united-services-automobile-association/3065478.html.

About Etsy

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.

Featured Article: Investing in Growth Stocks

Want to see what other hedge funds are holding ETSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Etsy Inc (NASDAQ:ETSY).

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.