56,900 Shares in Etsy, Inc. (ETSY) Acquired by Caldwell & Orkin Inc.
Caldwell & Orkin Inc. bought a new position in shares of Etsy, Inc. (NASDAQ:ETSY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,900 shares of the specialty retailer’s stock, valued at approximately $853,000. Caldwell & Orkin Inc. owned 0.05% of Etsy at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ETSY. Dragoneer Investment Group LLC purchased a new position in Etsy during the first quarter worth about $24,331,000. Janus Capital Management LLC lifted its position in Etsy by 38.4% during the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock worth $66,140,000 after buying an additional 1,726,152 shares during the period. Point72 Asset Management L.P. lifted its position in Etsy by 204.5% during the first quarter. Point72 Asset Management L.P. now owns 1,141,948 shares of the specialty retailer’s stock worth $12,139,000 after buying an additional 766,948 shares during the period. William Blair Investment Management LLC purchased a new position in Etsy during the second quarter worth about $9,836,000. Finally, Wells Fargo & Company MN lifted its position in Etsy by 70.6% during the first quarter. Wells Fargo & Company MN now owns 1,533,634 shares of the specialty retailer’s stock worth $16,303,000 after buying an additional 634,855 shares during the period. Hedge funds and other institutional investors own 73.04% of the company’s stock.
Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Etsy from a “buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson assumed coverage on Etsy in a research report on Wednesday, September 6th. They set a “buy” rating and a $18.00 target price on the stock. BidaskClub upgraded Etsy from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Ifs Securities reiterated an “outperform” rating and set a $18.00 target price on shares of Etsy in a research report on Thursday, August 24th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $13.00 target price on shares of Etsy in a research report on Friday, June 23rd. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Etsy has a consensus rating of “Hold” and an average target price of $15.00.
In other news, CEO Josh Silverman acquired 64,000 shares of Etsy stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the transaction, the chief executive officer now owns 64,000 shares in the company, valued at $1,002,880. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 4.00% of the stock is currently owned by company insiders.
Shares of Etsy, Inc. (NASDAQ ETSY) traded up 0.45% during midday trading on Thursday, reaching $17.87. The company’s stock had a trading volume of 398,710 shares. The stock’s market capitalization is $1.98 billion. Etsy, Inc. has a 52 week low of $9.41 and a 52 week high of $17.90. The stock has a 50-day moving average price of $15.68 and a 200 day moving average price of $13.12.
Etsy (NASDAQ:ETSY) last issued its earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The business had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $101.14 million. Etsy had a positive return on equity of 3.83% and a negative net margin of 3.16%. Etsy’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.06) earnings per share. Equities analysts forecast that Etsy, Inc. will post $0.27 earnings per share for the current year.
Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.
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