Bank Julius Baer & Co. Ltd Zurich Sells 220 Shares of Etsy, Inc. (NASDAQ:ETSY)

Bank Julius Baer & Co. Ltd Zurich lowered its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,450 shares of the specialty retailer’s stock after selling 220 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Etsy were worth $366,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Acadian Asset Management LLC lifted its position in shares of Etsy by 135.1% during the third quarter. Acadian Asset Management LLC now owns 2,990 shares of the specialty retailer’s stock worth $364,000 after acquiring an additional 1,718 shares in the last quarter. Navellier & Associates Inc purchased a new stake in shares of Etsy during the third quarter worth $401,000. ClariVest Asset Management LLC lifted its position in shares of Etsy by 682.5% during the third quarter. ClariVest Asset Management LLC now owns 144,766 shares of the specialty retailer’s stock worth $17,608,000 after acquiring an additional 126,266 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in shares of Etsy during the third quarter worth $221,000. Finally, Victory Capital Management Inc. lifted its position in shares of Etsy by 67.4% during the third quarter. Victory Capital Management Inc. now owns 61,554 shares of the specialty retailer’s stock worth $7,487,000 after acquiring an additional 24,794 shares in the last quarter. Hedge funds and other institutional investors own 91.78% of the company’s stock.

Shares of NASDAQ:ETSY opened at $140.06 on Friday. The stock’s 50-day moving average price is $136.53 and its 200-day moving average price is $112.05. Etsy, Inc. has a 12-month low of $29.95 and a 12-month high of $154.88. The stock has a market capitalization of $17.66 billion, a P/E ratio of 77.81, a price-to-earnings-growth ratio of 2.02 and a beta of 1.61. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 1.65.

Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, October 28th. The specialty retailer reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.08. The company had revenue of $451.48 million for the quarter, compared to analysts’ expectations of $418.72 million. Etsy had a return on equity of 46.30% and a net margin of 16.83%. As a group, research analysts predict that Etsy, Inc. will post 2.31 EPS for the current year.

Several equities research analysts have issued reports on the company. KeyCorp restated a “buy” rating on shares of Etsy in a research report on Friday, October 30th. Wedbush increased their price objective on Etsy from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Royal Bank of Canada increased their price objective on Etsy from $164.00 to $169.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. Roth Capital increased their price objective on Etsy from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 22nd. They noted that the move was a valuation call. Finally, Loop Capital increased their price objective on Etsy from $120.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $140.45.

In related news, CEO Josh Silverman sold 46,784 shares of the firm’s stock in a transaction dated Friday, November 13th. The stock was sold at an average price of $129.89, for a total value of $6,076,773.76. Following the sale, the chief executive officer now directly owns 28,508 shares of the company’s stock, valued at $3,702,904.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Goyal Kruti Patel sold 3,398 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $124.54, for a total value of $423,186.92. Following the completion of the sale, the insider now directly owns 22,538 shares in the company, valued at $2,806,882.52. The disclosure for this sale can be found here. Insiders sold 421,759 shares of company stock worth $54,841,457 over the last three months. 3.80% of the stock is owned by insiders.

Etsy Profile

Etsy, Inc operates online market places for buyers and sellers primarily in the United States, the United Kingdom, Canada, Australia, France, and Germany. Its online market places include Etsy.com and Reverb.com. The company offers approximately 66 million items in its various retail categories to buyers.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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