Etsy Inc (ETSY) Shares Bought by Goodnow Investment Group LLC

Goodnow Investment Group LLC boosted its position in Etsy Inc (NASDAQ:ETSY) by 0.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,378,286 shares of the specialty retailer’s stock after purchasing an additional 6,720 shares during the quarter. Etsy comprises 4.8% of Goodnow Investment Group LLC’s investment portfolio, making the stock its 9th biggest position. Goodnow Investment Group LLC owned about 1.13% of Etsy worth $23,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG lifted its stake in Etsy by 30.7% in the 1st 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 in the last quarter. Royal Bank of Canada lifted its stake in Etsy by 30.3% in the 2nd 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 in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Etsy by 12.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,160 shares of the specialty retailer’s stock worth $152,000 after buying an additional 1,092 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Etsy in the 3rd quarter worth $192,000. Finally, Rehmann Capital Advisory Group bought a new position in shares of Etsy in the 3rd quarter worth $211,000. Institutional investors and hedge funds own 74.42% of the company’s stock.

Etsy Inc (NASDAQ:ETSY) opened at $18.74 on Thursday. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.19. Etsy Inc has a twelve month low of $9.41 and a twelve month high of $18.76. The company has a market cap of $2,240.00 and a price-to-earnings ratio of 71.64.

Etsy declared that its board has approved a stock buyback plan on Friday, November 17th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

In related news, Director Frederick R. Wilson sold 87,938 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $16.24, for a total transaction of $1,428,113.12. Following the transaction, the director now owns 822,062 shares of the company’s stock, valued at approximately $13,350,286.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.00% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on ETSY. Zacks Investment Research lowered shares of Etsy from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Stifel Nicolaus reissued a “hold” rating and issued a $18.00 price target (up previously from $15.00) on shares of Etsy in a report on Tuesday, November 7th. Ifs Securities reissued an “outperform” rating and issued a $22.00 price target (up previously from $18.00) on shares of Etsy in a report on Tuesday, November 7th. Royal Bank Of Canada increased their price target on shares of Etsy from $16.00 to $18.00 and gave the stock a “sector perform” rating in a report on Tuesday, November 7th. Finally, DA Davidson began coverage on shares of Etsy in a report on Wednesday, September 6th. They issued a “buy” rating and a $18.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.69.

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About Etsy

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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