BBVA USA Bancshares Inc. Takes Position in Etsy Inc (NASDAQ:ETSY)

BBVA USA Bancshares Inc. acquired a new stake in Etsy Inc (NASDAQ:ETSY) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 12,150 shares of the specialty retailer’s stock, valued at approximately $686,000.

Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC purchased a new stake in Etsy during the 3rd quarter valued at $27,000. AdvisorNet Financial Inc purchased a new stake in Etsy during the 3rd quarter valued at $29,000. Carroll Financial Associates Inc. boosted its position in Etsy by 171.0% during the 3rd quarter. Carroll Financial Associates Inc. now owns 542 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 342 shares during the period. Flagship Harbor Advisors LLC boosted its position in Etsy by 132.0% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 536 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 305 shares during the period. Finally, Hanson McClain Inc. purchased a new stake in Etsy during the 2nd quarter valued at $31,000. 93.61% of the stock is owned by institutional investors.

Shares of NASDAQ ETSY opened at $42.00 on Friday. The company has a current ratio of 6.11, a quick ratio of 6.11 and a debt-to-equity ratio of 2.14. Etsy Inc has a 12 month low of $39.81 and a 12 month high of $73.35. The firm has a market capitalization of $4.82 billion, a PE ratio of 68.85, a price-to-earnings-growth ratio of 2.96 and a beta of 0.97. The firm has a fifty day simple moving average of $52.82 and a two-hundred day simple moving average of $59.22.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Etsy had a net margin of 14.14% and a return on equity of 25.62%. The business had revenue of $197.95 million during the quarter, compared to analyst estimates of $193.31 million. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 31.6% on a year-over-year basis. On average, sell-side analysts predict that Etsy Inc will post 0.67 earnings per share for the current year.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Etsy from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. BidaskClub cut shares of Etsy from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Needham & Company LLC dropped their price target on shares of Etsy from $75.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada raised shares of Etsy from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $63.00 to $68.00 in a research report on Thursday, September 19th. Finally, ValuEngine raised shares of Etsy from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.11.

In related news, CTO Michael T. Fisher sold 5,194 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $50.00, for a total value of $259,700.00. Following the completion of the transaction, the chief technology officer now directly owns 17,387 shares in the company, valued at approximately $869,350. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Michael T. Fisher sold 3,289 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $53.21, for a total transaction of $175,007.69. Following the completion of the transaction, the chief technology officer now owns 24,403 shares of the company’s stock, valued at $1,298,483.63. The disclosure for this sale can be found here. Insiders sold a total of 17,460 shares of company stock valued at $928,789 over the last 90 days. Company insiders own 3.00% of the company’s stock.

About Etsy

Etsy, Inc operates Etsy.com, a commerce platform to make, sell, and buy goods online and offline primarily in the United States, United Kingdom, Canada, Australia, France, and Germany. It provides various seller services and tools that are designed to help entrepreneurs for starting, managing, and scaling their businesses.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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