Janus Henderson Group PLC Purchases Shares of 6,352,739 Etsy, Inc. (ETSY)

Janus Henderson Group PLC purchased a new position in shares of Etsy, Inc. (NASDAQ:ETSY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,352,739 shares of the specialty retailer’s stock, valued at approximately $95,291,000. Janus Henderson Group PLC owned 5.72% of Etsy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Etsy by 9.0% during the second quarter. Principal Financial Group Inc. now owns 16,099 shares of the specialty retailer’s stock worth $241,000 after purchasing an additional 1,330 shares during the period. Amalgamated Bank lifted its holdings in shares of Etsy by 14.9% during the second quarter. Amalgamated Bank now owns 14,788 shares of the specialty retailer’s stock worth $222,000 after purchasing an additional 1,920 shares during the period. Royal Bank of Canada lifted its holdings in shares of Etsy by 30.3% during the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after purchasing an additional 2,049 shares during the period. UBS Group AG lifted its holdings in shares of Etsy by 30.7% during the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 2,373 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of Etsy by 7.1% during the first quarter. American International Group Inc. now owns 64,665 shares of the specialty retailer’s stock worth $687,000 after purchasing an additional 4,278 shares during the period. Institutional investors own 73.03% of the company’s stock.

Shares of Etsy, Inc. (NASDAQ ETSY) opened at 16.40 on Wednesday. The stock’s 50 day moving average is $16.72 and its 200 day moving average is $14.09. Etsy, Inc. has a 52-week low of $9.41 and a 52-week high of $17.90. The company’s market capitalization is $1.82 billion.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The company had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $101.14 million. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.83%. Etsy’s revenue was up 19.2% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. Equities analysts expect that Etsy, Inc. will post $0.27 EPS for the current year.

ETSY has been the topic of a number of recent research reports. BidaskClub upgraded shares of Etsy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Morgan Stanley reiterated an “equal weight” rating and set a $13.50 price target (up previously from $9.50) on shares of Etsy in a report on Thursday, July 20th. DA Davidson initiated coverage on shares of Etsy in a report on Wednesday, September 6th. They set a “buy” rating and a $18.00 price target on the stock. Zacks Investment Research upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, July 4th. Finally, Roth Capital set a $14.00 target price on shares of Etsy and gave the company a “hold” rating in a report on Thursday, June 22nd. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Etsy currently has an average rating of “Hold” and an average target price of $15.00.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/janus-henderson-group-plc-purchases-shares-of-6352739-etsy-inc-etsy.html.

In other news, CEO Josh Silverman acquired 64,000 shares of Etsy stock in a transaction on Tuesday, August 8th. The stock was acquired at an average cost of $15.67 per share, for a total transaction of $1,002,880.00. Following the purchase, the chief executive officer now owns 64,000 shares in the company, valued at $1,002,880. The acquisition was disclosed in a legal filing with t

Several other large investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of Etsy by 9.0% during the second quarter. Principal Financial Group Inc. now owns 16,099 shares of the specialty retailer’s stock worth $241,000 after purchasing an additional 1,330 shares during the period. Amalgamated Bank lifted its holdings in shares of Etsy by 14.9% during the second quarter. Amalgamated Bank now owns 14,788 shares of the specialty retailer’s stock worth $222,000 after purchasing an additional 1,920 shares during the period. Royal Bank of Canada lifted its holdings in shares of Etsy by 30.3% during the second quarter. Royal Bank of Canada now owns 8,812 shares of the specialty retailer’s stock worth $133,000 after purchasing an additional 2,049 shares during the period. UBS Group AG lifted its holdings in shares of Etsy by 30.7% during the first quarter. UBS Group AG now owns 10,091 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 2,373 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of Etsy by 7.1% during the first quarter. American International Group Inc. now owns 64,665 shares of the specialty retailer’s stock worth $687,000 after purchasing an additional 4,278 shares during the period. Institutional investors own 73.03% of the company’s stock.

Shares of Etsy, Inc. (NASDAQ ETSY) opened at 16.40 on Wednesday. The stock’s 50 day moving average is $16.72 and its 200 day moving average is $14.09. Etsy, Inc. has a 52-week low of $9.41 and a 52-week high of $17.90. The company’s market capitalization is $1.82 billion.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The company had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $101.14 million. Etsy had a negative net margin of 3.16% and a positive return on equity of 3.83%. Etsy’s revenue was up 19.2% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. Equities analysts expect that Etsy, Inc. will post $0.27 EPS for the current year.

ETSY has been the topic of a number of recent research reports. BidaskClub upgraded shares of Etsy from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Morgan Stanley reiterated an “equal weight” rating and set a $13.50 price target (up previously from $9.50) on shares of Etsy in a report on Thursday, July 20th. DA Davidson initiated coverage on shares of Etsy in a report on Wednesday, September 6th. They set a “buy” rating and a $18.00 price target on the stock. Zacks Investment Research upgraded shares of Etsy from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, July 4th. Finally, Roth Capital set a $14.00 target price on shares of Etsy and gave the company a “hold” rating in a report on Thursday, June 22nd. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Etsy currently has an average rating of “Hold” and an average target price of $15.00.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/janus-henderson-group-plc-purchases-shares-of-6352739-etsy-inc-etsy.html.

In other news, CEO Josh Silverman acquired 64,000 shares of Etsy stock in a transaction on Tuesday, August 8th. The stock was acquired at an average cost of $15.67 per share, for a total transaction of $1,002,880.00. Following the purchase, the chief executive officer now owns 64,000 shares in the company, valued at $1,002,880. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by company insiders.

Etsy Company Profile

Etsy, Inc (Etsy) operates a marketplace where people around the world connect, both online and offline, to make, sell and buy goods. The Company offers a range of seller services and tools that help entrepreneurs start, grow and manage their businesses. The Company’s community includes Etsy sellers, Etsy buyers, Etsy employees, its partners and investors.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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