ICM Asset Management Inc. WA cut its position in shares of Etsy Inc. (NASDAQ:ETSY) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,725 shares of the company’s stock after selling 190 shares during the period. ICM Asset Management Inc. WA’s holdings in Etsy were worth $352,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Etsy by 42.6% in the first quarter. JPMorgan Chase & Co. now owns 543,251 shares of the company’s stock worth $4,726,000 after buying an additional 162,213 shares during the period. Strs Ohio acquired a new position in shares of Etsy during the second quarter worth $535,000. Pacad Investment Ltd. acquired a new position in shares of Etsy during the first quarter worth $131,000. Bayesian Capital Management LP acquired a new position in shares of Etsy during the first quarter worth $177,000. Finally, American Century Companies Inc. acquired a new position in shares of Etsy during the second quarter worth $166,000. Hedge funds and other institutional investors own 58.14% of the company’s stock.
Etsy Inc. (NASDAQ:ETSY) traded up 0.14% during mid-day trading on Tuesday, reaching $14.39. 838,291 shares of the company traded hands. Etsy Inc. has a 52-week low of $6.04 and a 52-week high of $16.05. The firm’s 50-day moving average is $14.38 and its 200 day moving average is $11.13. The stock’s market capitalization is $1.60 billion.
Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.05. Etsy had a negative net margin of 5.37% and a negative return on equity of 3.08%. The firm earned $85.35 million during the quarter, compared to analyst estimates of $80.55 million. During the same period last year, the business earned ($0.07) EPS. The firm’s revenue was up 38.9% compared to the same quarter last year. On average, equities research analysts expect that Etsy Inc. will post ($0.06) earnings per share for the current year.
ETSY has been the subject of a number of research reports. Loop Capital initiated coverage on shares of Etsy in a report on Tuesday, September 13th. They issued a “hold” rating and a $14.00 price objective for the company. Zacks Investment Research cut shares of Etsy from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Citigroup Inc. boosted their price target on shares of Etsy from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, October 7th. Morgan Stanley reiterated an “equal weight” rating and set a $13.50 price target (up previously from $11.50) on shares of Etsy in a report on Monday, September 12th. Finally, Monness Crespi & Hardt upgraded shares of Etsy from a “neutral” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, September 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.73.
In other Etsy news, CFO Kristina Salen sold 20,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $15.00, for a total value of $300,000.00. Following the completion of the sale, the chief financial officer now owns 4,706 shares of the company’s stock, valued at $70,590. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Allspaw sold 63,468 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $12.50, for a total transaction of $793,350.00. Following the completion of the sale, the insider now directly owns 66,864 shares of the company’s stock, valued at approximately $835,800. The disclosure for this sale can be found here. 11.10% of the stock is currently owned by company insiders.
Etsy, Inc (Etsy) operates a marketplace to connect people around the both online and offline for making, selling and buying goods. The Company’s geographical segments include United States and International. The Company’s community includes Etsy sellers, Etsy buyers, wholesale partners, manufacturers and Etsy employees.
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).
Receive News & Ratings for Etsy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.