V Square Quantitative Management LLC Purchases 2,134 Shares of Etsy, Inc. (NASDAQ:ETSY)

V Square Quantitative Management LLC lifted its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 74.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,006 shares of the specialty retailer’s stock after acquiring an additional 2,134 shares during the period. V Square Quantitative Management LLC’s holdings in Etsy were worth $295,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ETSY. Polen Capital Management LLC boosted its holdings in Etsy by 83.3% in the fourth quarter. Polen Capital Management LLC now owns 34,322 shares of the specialty retailer’s stock worth $2,782,000 after acquiring an additional 15,598 shares in the last quarter. MCF Advisors LLC boosted its holdings in Etsy by 23,542.9% in the first quarter. MCF Advisors LLC now owns 3,310 shares of the specialty retailer’s stock worth $227,000 after acquiring an additional 3,296 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in Etsy in the fourth quarter worth $267,000. TD Asset Management Inc boosted its holdings in Etsy by 16.8% in the first quarter. TD Asset Management Inc now owns 1,540,465 shares of the specialty retailer’s stock worth $105,861,000 after acquiring an additional 221,275 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Etsy by 2.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,555,432 shares of the specialty retailer’s stock valued at $126,068,000 after purchasing an additional 30,561 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors.

Etsy Price Performance

Shares of NASDAQ ETSY traded down $2.12 during mid-day trading on Wednesday, reaching $51.94. The company’s stock had a trading volume of 1,663,393 shares, compared to its average volume of 3,620,022. The firm has a market capitalization of $6.07 billion, a PE ratio of 24.69, a P/E/G ratio of 5.02 and a beta of 2.02. The stock has a fifty day moving average of $59.89 and a two-hundred day moving average of $65.19. Etsy, Inc. has a 52 week low of $51.88 and a 52 week high of $89.58.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). Etsy had a net margin of 10.36% and a negative return on equity of 51.94%. The firm had revenue of $647.80 million for the quarter, compared to the consensus estimate of $629.87 million. During the same period in the previous year, the company posted $0.83 earnings per share. Etsy’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts anticipate that Etsy, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at Etsy

In related news, insider Toni Thompson Nadal sold 1,444 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $65.68, for a total transaction of $94,841.92. Following the completion of the transaction, the insider now directly owns 592 shares of the company’s stock, valued at $38,882.56. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Toni Thompson Nadal sold 1,444 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $65.68, for a total value of $94,841.92. Following the completion of the sale, the insider now directly owns 592 shares of the company’s stock, valued at approximately $38,882.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Daniel sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $59.74, for a total value of $44,805.00. Following the completion of the sale, the insider now directly owns 18,833 shares of the company’s stock, valued at $1,125,083.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,694 shares of company stock valued at $169,687. Insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

ETSY has been the topic of a number of research analyst reports. Barclays lowered their price target on Etsy from $67.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. BTIG Research lowered their price target on Etsy from $87.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Evercore ISI raised Etsy to a “strong-buy” rating in a report on Thursday, August 1st. Citigroup reduced their price objective on Etsy from $72.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Finally, The Goldman Sachs Group reduced their price objective on Etsy from $80.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $73.68.

Etsy Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.