Aquatic Capital Management LLC Has $16.01 Million Holdings in Etsy Inc $ETSY

Aquatic Capital Management LLC lifted its holdings in shares of Etsy Inc (NYSE:ETSY) by 13.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,095 shares of the company’s stock after purchasing an additional 28,827 shares during the quarter. Aquatic Capital Management LLC’s holdings in Etsy were worth $16,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heritage Wealth Advisors grew its position in Etsy by 476.5% during the second quarter. Heritage Wealth Advisors now owns 490 shares of the company’s stock worth $25,000 after buying an additional 405 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Etsy during the 2nd quarter worth $35,000. Employees Retirement System of Texas acquired a new position in Etsy in the 2nd quarter valued at $47,000. SJS Investment Consulting Inc. lifted its position in shares of Etsy by 12,600.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 762 shares of the company’s stock valued at $51,000 after acquiring an additional 756 shares during the period. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Etsy during the 3rd quarter valued at $51,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Etsy

In related news, CAO Merilee Buckley sold 5,636 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $58.45, for a total transaction of $329,424.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles Andrew Ballard sold 1,790 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $55.74, for a total value of $99,774.60. Following the completion of the transaction, the director directly owned 4,006 shares of the company’s stock, valued at approximately $223,294.44. The trade was a 30.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 116,058 shares of company stock worth $6,576,362. Corporate insiders own 2.80% of the company’s stock.

Etsy Trading Up 0.0%

ETSY opened at $52.00 on Friday. The firm has a market cap of $5.00 billion, a P/E ratio of 39.69, a P/E/G ratio of 3.39 and a beta of 1.74. The firm has a 50 day moving average of $55.38. Etsy Inc has a 1-year low of $40.05 and a 1-year high of $76.51.

Etsy (NYSE:ETSY) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. Etsy had a net margin of 5.65% and a negative return on equity of 24.94%. The business had revenue of $881.64 million during the quarter.

Etsy announced that its board has authorized a stock buyback program on Thursday, December 18th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 14.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Etsy from $63.00 to $54.00 and set a “hold” rating on the stock in a research report on Tuesday, February 24th. UBS Group reduced their price objective on shares of Etsy from $74.00 to $53.00 and set a “neutral” rating on the stock in a research note on Friday, February 20th. B. Riley Financial decreased their target price on shares of Etsy from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Needham & Company LLC dropped their target price on shares of Etsy from $76.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Morgan Stanley cut their price target on shares of Etsy from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $60.80.

Etsy Company Profile

Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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. In addition, it offers various seller services, including Etsy Payments, a payment processing service; Etsy Ads, an advertising platform; and Shipping Labels, which allows sellers in the United States, Canada, the United Kingdom, Australia, and India to purchase discounted shipping labels.