Mitchell Capital Management Co. Increases Position in Etsy, Inc. (NASDAQ:ETSY)

Mitchell Capital Management Co. raised its position in Etsy, Inc. (NASDAQ:ETSY) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,201 shares of the specialty retailer’s stock after purchasing an additional 548 shares during the period. Mitchell Capital Management Co.’s holdings in Etsy were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Etsy in the 1st quarter worth $1,681,000. Dimensional Fund Advisors LP increased its holdings in shares of Etsy by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 486,491 shares of the specialty retailer’s stock valued at $86,564,000 after purchasing an additional 36,940 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Etsy by 101.6% in the 1st quarter. Signaturefd LLC now owns 258 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 130 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Etsy by 18.3% in the 1st quarter. Victory Capital Management Inc. now owns 88,747 shares of the specialty retailer’s stock valued at $17,898,000 after purchasing an additional 13,703 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Etsy by 203.1% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 388 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 87.30% of the company’s stock.

Shares of ETSY stock opened at $214.31 on Wednesday. The stock has a market cap of $27.13 billion, a price-to-earnings ratio of 61.94, a price-to-earnings-growth ratio of 3.71 and a beta of 1.62. The company has a quick ratio of 6.61, a current ratio of 6.61 and a debt-to-equity ratio of 4.36. Etsy, Inc. has a fifty-two week low of $104.30 and a fifty-two week high of $251.86. The firm’s 50 day moving average price is $199.58 and its two-hundred day moving average price is $194.76.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, August 4th. The specialty retailer reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The firm had revenue of $528.90 million for the quarter, compared to analysts’ expectations of $525.70 million. Etsy had a net margin of 22.45% and a return on equity of 73.54%. Etsy’s revenue was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 earnings per share. On average, equities analysts forecast that Etsy, Inc. will post 2.97 EPS for the current fiscal year.

ETSY has been the subject of several recent research reports. Stifel Nicolaus raised their target price on shares of Etsy from $205.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group dropped their target price on shares of Etsy from $260.00 to $245.00 and set a “buy” rating for the company in a report on Wednesday, June 9th. Truist Securities raised their target price on shares of Etsy from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, June 16th. Zacks Investment Research upgraded shares of Etsy from a “sell” rating to a “hold” rating and set a $190.00 target price for the company in a report on Monday, August 9th. Finally, Roth Capital downgraded shares of Etsy from a “buy” rating to a “neutral” rating and dropped their target price for the company from $245.00 to $180.00 in a report on Thursday, August 5th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $223.64.

In other news, CFO Rachel C. Glaser sold 13,500 shares of Etsy stock in a transaction that occurred on Thursday, July 1st. The shares were sold at an average price of $200.77, for a total transaction of $2,710,395.00. Following the sale, the chief financial officer now owns 34,436 shares in the company, valued at $6,913,715.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Ryan M. Scott sold 990 shares of Etsy stock in a transaction that occurred on Tuesday, July 6th. The shares were sold at an average price of $196.40, for a total transaction of $194,436.00. The disclosure for this sale can be found here. Insiders have sold 37,400 shares of company stock worth $7,455,878 in the last quarter. Insiders own 3.30% of the company’s stock.

About Etsy

Etsy, Inc engages in the operation of online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following geographical segments: United States, United Kingdom, and Other International. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in 2005 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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