Etsy, Inc. (ETSY) Position Boosted by BlackRock Inc.

BlackRock Inc. lifted its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 5.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,701,573 shares of the specialty retailer’s stock after buying an additional 351,751 shares during the period. BlackRock Inc. owned 6.04% of Etsy worth $100,523,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in ETSY. Janus Capital Management LLC lifted its stake in shares of Etsy by 38.4% during the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock valued at $66,140,000 after buying an additional 1,726,152 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Etsy by 204.5% during the first quarter. Point72 Asset Management L.P. now owns 1,141,948 shares of the specialty retailer’s stock valued at $12,139,000 after buying an additional 766,948 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Etsy during the second quarter valued at approximately $9,836,000. Vanguard Group Inc. lifted its stake in shares of Etsy by 4.8% during the first quarter. Vanguard Group Inc. now owns 7,547,529 shares of the specialty retailer’s stock valued at $80,230,000 after buying an additional 346,034 shares during the period. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Etsy during the second quarter valued at approximately $4,221,000. 73.03% of the stock is currently owned by institutional investors and hedge funds.

Etsy, Inc. (NASDAQ:ETSY) opened at 16.19 on Friday. The firm’s 50-day moving average is $16.81 and its 200-day moving average is $14.33. Etsy, Inc. has a 1-year low of $9.41 and a 1-year high of $17.90. The stock’s market cap is $1.80 billion.

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

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Etsy from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Roth Capital set a $14.00 price objective on shares of Etsy and gave the company a “hold” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada upped their price objective on shares of Etsy from $12.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, Ifs Securities reissued an “outperform” rating and set a $18.00 price objective on shares of Etsy in a research note on Thursday, August 24th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Etsy has an average rating of “Hold” and a consensus target price of $15.00.

ILLEGAL ACTIVITY WARNING: “Etsy, Inc. (ETSY) Position Boosted by BlackRock Inc.” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/20/etsy-inc-etsy-position-boosted-by-blackrock-inc.html.

In related news, CEO Josh Silverman acquired 64,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the transaction, the chief executive officer now owns 64,000 shares of the company’s stock, valued at approximately $1,002,880. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at

Several other institutional investors and hedge funds have also recently made changes to their positions in ETSY. Janus Capital Management LLC lifted its stake in shares of Etsy by 38.4% during the first quarter. Janus Capital Management LLC now owns 6,222,005 shares of the specialty retailer’s stock valued at $66,140,000 after buying an additional 1,726,152 shares during the period. Point72 Asset Management L.P. lifted its stake in shares of Etsy by 204.5% during the first quarter. Point72 Asset Management L.P. now owns 1,141,948 shares of the specialty retailer’s stock valued at $12,139,000 after buying an additional 766,948 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Etsy during the second quarter valued at approximately $9,836,000. Vanguard Group Inc. lifted its stake in shares of Etsy by 4.8% during the first quarter. Vanguard Group Inc. now owns 7,547,529 shares of the specialty retailer’s stock valued at $80,230,000 after buying an additional 346,034 shares during the period. Finally, Tocqueville Asset Management L.P. purchased a new position in shares of Etsy during the second quarter valued at approximately $4,221,000. 73.03% of the stock is currently owned by institutional investors and hedge funds.

Etsy, Inc. (NASDAQ:ETSY) opened at 16.19 on Friday. The firm’s 50-day moving average is $16.81 and its 200-day moving average is $14.33. Etsy, Inc. has a 1-year low of $9.41 and a 1-year high of $17.90. The stock’s market cap is $1.80 billion.

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

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Etsy from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Roth Capital set a $14.00 price objective on shares of Etsy and gave the company a “hold” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada upped their price objective on shares of Etsy from $12.00 to $16.00 and gave the company a “sector perform” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Etsy from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, July 4th. Finally, Ifs Securities reissued an “outperform” rating and set a $18.00 price objective on shares of Etsy in a research note on Thursday, August 24th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Etsy has an average rating of “Hold” and a consensus target price of $15.00.

ILLEGAL ACTIVITY WARNING: “Etsy, Inc. (ETSY) Position Boosted by BlackRock Inc.” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/20/etsy-inc-etsy-position-boosted-by-blackrock-inc.html.

In related news, CEO Josh Silverman acquired 64,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of $15.67 per share, with a total value of $1,002,880.00. Following the completion of the transaction, the chief executive officer now owns 64,000 shares of the company’s stock, valued at approximately $1,002,880. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.00% of the company’s stock.

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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