New Mexico Educational Retirement Board Sells 300 Shares of Etsy, Inc. (NASDAQ:ETSY) - Defense World

Summary

New Mexico Educational Retirement Board lowered its position in shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,400 shares of the specialty retailer’s stock after selling 300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Etsy were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Evergreen Capital Management LLC lifted its position in shares of Etsy by 10.6% during the 4th quarter. Evergreen Capital Management LLC now owns 1,548 shares of the specialty retailer’s stock worth $339,000 after buying an additional 148 shares in the last quarter. Norges Bank bought a new position in shares of Etsy during the 4th quarter worth approximately $223,388,000. Marks Group Wealth Management Inc bought a new position in shares of Etsy during the 4th quarter worth approximately $245,000. Tyler Stone Wealth Management bought a new position in shares of Etsy during the 4th quarter worth approximately $57,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of Etsy during the 4th quarter worth approximately $48,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

New Mexico Educational Retirement Board lowered its position in shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,400 shares of the specialty retailer’s stock after selling 300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Etsy were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Evergreen Capital Management LLC lifted its position in shares of Etsy by 10.6% during the 4th quarter. Evergreen Capital Management LLC now owns 1,548 shares of the specialty retailer’s stock worth $339,000 after buying an additional 148 shares in the last quarter. Norges Bank bought a new position in shares of Etsy during the 4th quarter worth approximately $223,388,000. Marks Group Wealth Management Inc bought a new position in shares of Etsy during the 4th quarter worth approximately $245,000. Tyler Stone Wealth Management bought a new position in shares of Etsy during the 4th quarter worth approximately $57,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of Etsy during the 4th quarter worth approximately $48,000. 89.93% of the stock is currently owned by hedge funds and other institutional investors.

Get Etsy alerts:

ETSY opened at $74.09 on Thursday. The company has a fifty day moving average price of $87.23 and a 200-day moving average price of $136.35. The firm has a market capitalization of $9.42 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 1.43 and a beta of 1.76. The company has a debt-to-equity ratio of 3.52, a current ratio of 2.68 and a quick ratio of 2.68. Etsy, Inc. has a one year low of $67.01 and a one year high of $307.75.

Etsy ( NASDAQ:ETSY Get Rating ) last posted its quarterly earnings data on Wednesday, May 4th. The specialty retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. Etsy had a net margin of 18.49% and a return on equity of 73.57%. The company had revenue of $579.30 million during the quarter, compared to the consensus estimate of $574.71 million. During the same period in the previous year, the firm posted $1.00 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, analysts expect that Etsy, Inc. will post 2 earnings per share for the current year.

ETSY has been the subject of several research analyst reports. Morgan Stanley decreased their price target on shares of Etsy from $154.00 to $113.00 in a research note on Thursday, May 5th. BTIG Research decreased their price target on shares of Etsy from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday. JMP Securities restated a “mkt outperform” rating and set a $125.00 price target on shares of Etsy in a research note on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Etsy from $120.00 to $100.00 in a research note on Friday, May 6th. Finally, Stifel Nicolaus decreased their price target on shares of Etsy from $160.00 to $130.00 in a research note on Thursday, May 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.50.

In other Etsy news, CMO Ryan M. Scott sold 2,323 shares of the business’s stock in a transaction on Tuesday, April 5th. The shares were sold at an average price of $132.60, for a total value of $308,029.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction on Wednesday, April 13th. The stock was sold at an average price of $116.54, for a total transaction of $2,429,859.00. Following the completion of the sale, the chief executive officer now directly owns 102,707 shares of the company’s stock, valued at $11,969,473.78. The disclosure for this sale can be found here. Insiders have sold a total of 92,525 shares of company stock valued at $8,853,475 over the last ninety days. 3.10% of the stock is currently owned by insiders.

About Etsy (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.

Further Reading

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.

New Mexico Educational Retirement Board Sells 300 Shares of Etsy, Inc. (NASDAQ:ETSY) - Defense World
Photo Credit: Defense World

Recent Etsy News Articles

Where to buy the Only Murders in the Building hoodie - HITC - Football, Gaming, Movies, TV, Music

Hulu series Only Murders in the Building is currently running its second season, and while fans have originally been intrigued by the mystery and comedy at its core, lately the sho …

Read more here
Where to buy the Only Murders in the Building hoodie - HITC - Football, Gaming, Movies, TV, Music

Ryan M. Scott Sells 238 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock - MarketBeat

Etsy, Inc. (NASDAQ:ETSY - Get Rating) CMO Ryan M. Scott sold 238 shares of Etsy stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $86.85, …

Read more here
Ryan M. Scott Sells 238 Shares of Etsy, Inc. (NASDAQ:ETSY) Stock - MarketBeat

How Pepper Sims Successfully Launched Pepper Palm on Etsy - Good Housekeeping

Shop Small is a bi-weekly series highlighting small business owners from diverse backgrounds. This series aims to go deeper than your typical product roundup, diving into the inspi …

Read more here
How Pepper Sims Successfully Launched Pepper Palm on Etsy - Good Housekeeping

The Derry businesswoman taking Instagram by storm - Derry Journal

Ciara now makes embellished sunglasses and accessories and has a great following online. She has recently left her job to work on her business full time. Ciara said: “My sister wa …

Read more here
The Derry businesswoman taking Instagram by storm - Derry Journal

Local Etsy sellers frustrated with fees and payment reserves consider looking elsewhere - CBC.ca

Several Etsy sellers in Waterloo region say it's becoming increasingly less feasible to have a store on the online platform and some are even considering leaving Etsy all together. …

Read more here
Local Etsy sellers frustrated with fees and payment reserves consider looking elsewhere - CBC.ca