8,817 Shares in Etsy Inc (ETSY) Acquired by HBK Sorce Advisory LLC
HBK Sorce Advisory LLC acquired a new position in Etsy Inc (NASDAQ:ETSY) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,817 shares of the specialty retailer’s stock, valued at approximately $453,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of Etsy by 16.7% in the second quarter. Sei Investments Co. now owns 52,631 shares of the specialty retailer’s stock worth $2,220,000 after buying an additional 7,547 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Etsy by 48.1% in the second quarter. Canada Pension Plan Investment Board now owns 344,800 shares of the specialty retailer’s stock worth $14,547,000 after buying an additional 112,000 shares during the period. Great West Life Assurance Co. Can increased its holdings in shares of Etsy by 29.4% in the second quarter. Great West Life Assurance Co. Can now owns 10,965 shares of the specialty retailer’s stock worth $463,000 after buying an additional 2,492 shares during the period. Calamos Advisors LLC purchased a new position in shares of Etsy in the third quarter worth about $309,000. Finally, North Fourth Asset Management LP purchased a new position in shares of Etsy in the second quarter worth about $862,000. Hedge funds and other institutional investors own 89.86% of the company’s stock.
Shares of NASDAQ:ETSY opened at $54.34 on Friday. Etsy Inc has a 1 year low of $16.72 and a 1 year high of $58.30. The stock has a market cap of $6.55 billion, a P/E ratio of 126.37, a price-to-earnings-growth ratio of 6.14 and a beta of 0.68. 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 has been the topic of several analyst reports. TheStreet downgraded Etsy from a “b-” rating to a “c+” rating in a report on Tuesday, October 9th. Loop Capital set a $57.00 price objective on Etsy and gave the stock a “buy” rating in a report on Tuesday, November 6th. Wedbush started coverage on Etsy in a report on Friday, September 14th. They set a “buy” rating on the stock. Royal Bank of Canada boosted their price target on Etsy from $45.00 to $52.00 and gave the company a “sector perform” rating in a report on Wednesday, November 7th. Finally, KeyCorp boosted their price target on Etsy from $51.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, October 2nd. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $50.38.
In other Etsy news, Director Jonathan D. Klein sold 35,900 shares of Etsy stock in a transaction that occurred on 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 sale, the director now directly owns 165,165 shares of the company’s stock, valued at approximately $8,443,234.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.80% of the stock is owned by insiders.
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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