Mason Street Advisors LLC bought a new position in Etsy Inc (NASDAQ:ETSY) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 63,172 shares of the specialty retailer’s stock, valued at approximately $3,569,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Aperio Group LLC raised its holdings in shares of Etsy by 0.4% in the 2nd quarter. Aperio Group LLC now owns 41,990 shares of the specialty retailer’s stock worth $2,577,000 after purchasing an additional 175 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Etsy by 2.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,762 shares of the specialty retailer’s stock worth $439,000 after acquiring an additional 213 shares in the last quarter. Keybank National Association OH increased its position in shares of Etsy by 2.1% in the second quarter. Keybank National Association OH now owns 11,069 shares of the specialty retailer’s stock worth $679,000 after acquiring an additional 232 shares in the last quarter. We Are One Seven LLC increased its position in shares of Etsy by 1.7% in the second quarter. We Are One Seven LLC now owns 13,652 shares of the specialty retailer’s stock worth $837,000 after acquiring an additional 234 shares in the last quarter. Finally, Intrust Bank NA increased its position in shares of Etsy by 1.8% in the second quarter. Intrust Bank NA now owns 15,690 shares of the specialty retailer’s stock worth $963,000 after acquiring an additional 271 shares in the last quarter. Institutional investors and hedge funds own 93.61% of the company’s stock.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Etsy from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Nomura dropped their target price on shares of Etsy from $70.00 to $61.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Royal Bank of Canada raised shares of Etsy from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $63.00 to $68.00 in a research report on Thursday, September 19th. Roth Capital dropped their target price on shares of Etsy from $76.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, BidaskClub downgraded shares of Etsy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $67.11.

In related news, CTO Michael T. Fisher sold 5,194 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $50.00, for a total transaction of $259,700.00. Following the completion of the transaction, the chief technology officer now directly owns 17,387 shares in the company, valued at approximately $869,350. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Michael T. Fisher sold 5,208 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $56.32, for a total transaction of $293,314.56. Following the transaction, the chief technology officer now owns 24,168 shares of the company’s stock, valued at $1,361,141.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,460 shares of company stock valued at $928,789. Corporate insiders own 3.00% of the company’s stock.

ETSY traded down $0.03 on Wednesday, reaching $40.80. 5,034,400 shares of the company traded hands, compared to its average volume of 2,992,364. The stock’s 50 day moving average price is $53.82 and its 200-day moving average price is $59.61. The company has a debt-to-equity ratio of 2.14, a current ratio of 6.11 and a quick ratio of 6.11. Etsy Inc has a 52-week low of $40.45 and a 52-week high of $73.35. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 66.89, a PEG ratio of 3.06 and a beta of 0.97.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $0.12 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.12. Etsy had a net margin of 14.14% and a return on equity of 25.62%. The business had revenue of $197.95 million during the quarter, compared to analysts’ expectations of $193.31 million. During the same period in the previous year, the company earned $0.15 earnings per share. Etsy’s revenue for the quarter was up 31.6% on a year-over-year basis. As a group, equities research analysts forecast that Etsy Inc will post 0.67 earnings per share for the current fiscal year.

Etsy Profile

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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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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