Bank of Nova Scotia Decreases Holdings in Etsy, Inc. (NASDAQ:ETSY) - Defense World

Category: Etsy News
Original source: Defense World
Read time: < 5 minutes
Sentiment bias: Positive
Sentiment Score: 0.99769
Published: Aug 18th, 2022
Bank of Nova Scotia Decreases Holdings in Etsy, Inc. (NASDAQ:ETSY) - Defense World

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Mutual of America Capital Management LLC now owns 16,747 shares of the specialty retailer’s stock valued at $3,667,000 after purchasing an additional 133 shares during the last quarter.
ADV now owns 4,806 shares of the specialty retailer’s stock valued at $1,052,000 after purchasing an additional 418 shares during the last quarter.
now owns 275,936 shares of the specialty retailer’s stock valued at $60,413,000 after purchasing an additional 17,559 shares during the last quarter.
Following the sale, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at $7,614,696.
Following the transaction, the chief financial officer now owns 42,709 shares of the company’s stock, valued at $4,057,355.

Bank of Nova Scotia Decreases Holdings in Etsy, Inc. (NASDAQ:ETSY) - Defense World

Bank of Nova Scotia trimmed its position in shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 42.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,402 shares of the specialty retailer’s stock after selling 8,503 shares during the period. Bank of Nova Scotia’s holdings in Etsy were worth $1,420,000 as of its most recent SEC filing. A number of other large investors have also bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new stake in Etsy in the fourth quarter valued at approximately $25,383,000. Mutual of America Capital Management LLC lifted its position in Etsy by 0.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 16,747 shares of the specialty retailer’s stock valued at $3,667,000 after purchasing an additional 133 shares during the last quarter. Atria Investments LLC bought a new stake in Etsy in the fourth quarter valued at approximately $1,031,000. Mercer Global Advisors Inc. ADV lifted its position in Etsy by 9.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 4,806 shares of the specialty retailer’s stock valued at $1,052,000 after purchasing an additional 418 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Etsy by 6.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 275,936 shares of the specialty retailer’s stock valued at $60,413,000 after purchasing an additional 17,559 shares during the last quarter. 89.93% of the stock is owned by hedge funds and other institutional investors. Get Etsy alerts: Insider Activity at Etsy In related news, CEO Josh Silverman sold 20,850 shares of the stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $74.14, for a total transaction of $1,545,819.00. Following the sale, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at $7,614,696.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Etsy news, CFO Rachel C. Glaser sold 6,080 shares of the stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $95.00, for a total value of $577,600.00. Following the transaction, the chief financial officer now owns 42,709 shares of the company’s stock, valued at $4,057,355. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Josh Silverman sold 20,850 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $74.14, for a total value of $1,545,819.00. Following the completion of the transaction, the chief executive officer now directly owns 102,707 shares in the company, valued at approximately $7,614,696.98. The disclosure for this sale can be found here. Insiders have sold 114,320 shares of company stock valued at $10,029,375 over the last ninety days. Insiders own 3.10% of the company’s stock. Etsy Trading Down 3.3 % NASDAQ ETSY opened at $116.91 on Thursday. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 4.10. Etsy, Inc. has a 12 month low of $67.01 and a 12 month high of $307.75. The stock has a market cap of $14.80 billion, a P/E ratio of 41.17, a P/E/G ratio of 5.45 and a beta of 1.88. The stock’s fifty day moving average price is $90.94 and its 200-day moving average price is $107.99. Etsy (NASDAQ:ETSY – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $0.51 EPS for the quarter, beating the consensus estimate of $0.31 by $0.20. Etsy had a return on equity of 67.88% and a net margin of 17.01%. The company had revenue of $585.20 million for the quarter, compared to analysts’ expectations of $556.85 million. During the same period last year, the firm posted $0.68 earnings per share. Etsy’s revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts forecast that Etsy, Inc. will post 2.19 EPS for the current fiscal year. Wall Street Analyst Weigh In Several analysts have weighed in on ETSY shares. BTIG Research boosted their price objective on Etsy from $105.00 to $122.00 in a research report on Thursday, July 28th. Raymond James began coverage on Etsy in a report on Wednesday, June 29th. They set an “outperform” rating and a $100.00 target price for the company. Truist Financial upped their target price on Etsy from $115.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday. Oppenheimer upped their target price on Etsy from $120.00 to $127.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. Finally, Morgan Stanley decreased their target price on Etsy from $113.00 to $83.00 and set an “equal weight” rating for the company in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Etsy presently has an average rating of “Hold” and a consensus target price of $129.35. Etsy Company Profile (Get Rating) Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. See Also 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 – Get Rating). 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.
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