Shell Asset Management Co. Trims Stake in Etsy, Inc. (NASDAQ:ETSY) - Defense World

Summary

Shell Asset Management Co. lowered its stake in shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 8.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,990 shares of the specialty retailer’s stock after selling 484 shares during the quarter. Shell Asset Management Co.’s holdings in Etsy were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ETSY. Janney Montgomery Scott LLC increased its position in shares of Etsy by 110.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,227 shares of the specialty retailer’s stock valued at $2,239,000 after buying an additional 5,368 shares during the period. National Asset Management Inc. increased its position in shares of Etsy by 7.8% during the fourth quarter. National Asset Management Inc. now owns 1,416 shares of the specialty retailer’s stock valued at $311,000 after buying an additional 102 shares during the period. Vestmark Advisory Solutions Inc. increased its position in shares of Etsy by 211.8% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,980 shares of the specialty retailer’s stock valued at $1,090,000 after buying an additional 3,383 shares during the period. Yousif Capital Management LLC purchased a new stake in Etsy in the fourth quarter worth about $6,427,000. Finally, D.A. Davidson & CO. grew its holdings in Etsy by 9.6% in the fourth quarter. D.A. Davidson & CO. now owns 8,258 shares of the specialty retailer’s stock worth $1,808,000 after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

Shell Asset Management Co. lowered its stake in shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 8.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,990 shares of the specialty retailer’s stock after selling 484 shares during the quarter. Shell Asset Management Co.’s holdings in Etsy were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ETSY. Janney Montgomery Scott LLC increased its position in shares of Etsy by 110.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,227 shares of the specialty retailer’s stock valued at $2,239,000 after buying an additional 5,368 shares during the period. National Asset Management Inc. increased its position in shares of Etsy by 7.8% during the fourth quarter. National Asset Management Inc. now owns 1,416 shares of the specialty retailer’s stock valued at $311,000 after buying an additional 102 shares during the period. Vestmark Advisory Solutions Inc. increased its position in shares of Etsy by 211.8% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,980 shares of the specialty retailer’s stock valued at $1,090,000 after buying an additional 3,383 shares during the period. Yousif Capital Management LLC purchased a new stake in Etsy in the fourth quarter worth about $6,427,000. Finally, D.A. Davidson & CO. grew its holdings in Etsy by 9.6% in the fourth quarter. D.A. Davidson & CO. now owns 8,258 shares of the specialty retailer’s stock worth $1,808,000 after purchasing an additional 720 shares during the period. Hedge funds and other institutional investors own 89.93% of the company’s stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ETSY shares. Morgan Stanley cut their price objective on shares of Etsy from $113.00 to $83.00 and set an “equal weight” rating on the stock in a report on Thursday, July 28th. Guggenheim upped their price objective on shares of Etsy from $101.00 to $105.00 in a report on Thursday, July 28th. Needham & Company LLC cut shares of Etsy from a “buy” rating to a “hold” rating in a report on Monday, June 27th. DA Davidson cut their price objective on shares of Etsy from $185.00 to $146.00 in a report on Wednesday, July 20th. Finally, BTIG Research upped their price objective on shares of Etsy from $105.00 to $122.00 in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Etsy has a consensus rating of “Hold” and a consensus price target of $133.20.

Insiders Place Their Bets

Etsy Stock Down 0.1 %

In other Etsy news, CMO Ryan M. Scott sold 712 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total value of $71,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . In other Etsy news, CMO Ryan M. Scott sold 712 shares of the stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total value of $71,200.00. 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 firm’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $72.45, for a total transaction of $1,510,582.50. Following the sale, the chief executive officer now owns 102,707 shares in the company, valued at $7,441,122.15. The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 111,280 shares of company stock worth $9,120,392. Company insiders own 3.10% of the company’s stock.

Shares of Etsy stock opened at $103.61 on Tuesday. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 4.10. Etsy, Inc. has a twelve month low of $67.01 and a twelve month high of $307.75. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 4.80 and a beta of 1.88. The company’s 50 day moving average is $83.05 and its 200 day moving average is $110.67.

Etsy (NASDAQ:ETSY – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.20. Etsy had a net margin of 17.01% and a return on equity of 67.88%. The business had revenue of $585.20 million for the quarter, compared to the consensus estimate of $556.85 million. During the same period last year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Research analysts anticipate that Etsy, Inc. will post 2.19 EPS for the current year.

About Etsy

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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).

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Shell Asset Management Co. Trims Stake in Etsy, Inc. (NASDAQ:ETSY) - Defense World
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