Chicago Partners Investment Group LLC Has $471,000 Stock Holdings in Etsy, Inc. $ETSY

Chicago Partners Investment Group LLC increased its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 90.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 9,383 shares of the specialty retailer’s stock after purchasing an additional 4,455 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Etsy were worth $471,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ETSY. Signaturefd LLC lifted its position in Etsy by 52.7% during the 2nd quarter. Signaturefd LLC now owns 556 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 192 shares during the period. Allworth Financial LP lifted its holdings in Etsy by 47.6% in the first quarter. Allworth Financial LP now owns 769 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 248 shares during the period. SVB Wealth LLC acquired a new position in Etsy in the first quarter valued at approximately $36,000. Brooklyn Investment Group lifted its stake in shares of Etsy by 842.2% in the 1st quarter. Brooklyn Investment Group now owns 782 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 699 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Etsy by 18.7% in the 2nd quarter. Blue Trust Inc. now owns 1,150 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 181 shares during the period. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Etsy Stock Performance

Shares of ETSY stock opened at $73.16 on Thursday. Etsy, Inc. has a 52 week low of $40.05 and a 52 week high of $76.51. The company’s 50 day moving average price is $63.73 and its two-hundred day moving average price is $56.50. The company has a market capitalization of $7.25 billion, a P/E ratio of 59.00, a price-to-earnings-growth ratio of 10.65 and a beta of 1.85.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, July 30th. The specialty retailer reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.29). Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.The company had revenue of $672.66 million for the quarter, compared to analyst estimates of $645.16 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 3.8% on a year-over-year basis. Analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current year.

Insider Transactions at Etsy

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $51.62, for a total value of $77,430.00. Following the sale, the insider owned 31,683 shares of the company’s stock, valued at $1,635,476.46. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Goyal Kruti Patel sold 7,685 shares of Etsy stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $75.01, for a total value of $576,451.85. Following the completion of the sale, the insider directly owned 54,840 shares in the company, valued at $4,113,548.40. This represents a 12.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 402,667 shares of company stock worth $26,362,857. 2.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ETSY has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Etsy from $54.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday. Stifel Nicolaus increased their target price on Etsy from $45.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, July 29th. UBS Group increased their price target on shares of Etsy from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday. Guggenheim reiterated a “buy” rating and issued a $70.00 price target on shares of Etsy in a research report on Thursday, September 18th. Finally, Weiss Ratings upgraded shares of Etsy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.00.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.