Gilder Gagnon Howe & Co. LLC Raises Stake in Etsy Inc (ETSY)

Gilder Gagnon Howe & Co. LLC grew its position in shares of Etsy Inc (NASDAQ:ETSY) by 1.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,586,261 shares of the specialty retailer’s stock after purchasing an additional 79,702 shares during the period. Etsy comprises 2.4% of Gilder Gagnon Howe & Co. LLC’s investment portfolio, making the stock its 4th largest position. Gilder Gagnon Howe & Co. LLC’s holdings in Etsy were worth $235,642,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH grew its holdings in shares of Etsy by 132.5% in the 1st quarter. Allianz Asset Management GmbH now owns 38,298 shares of the specialty retailer’s stock worth $1,075,000 after acquiring an additional 21,823 shares during the last quarter. UBS Group AG grew its holdings in shares of Etsy by 35.7% in the 1st quarter. UBS Group AG now owns 12,755 shares of the specialty retailer’s stock worth $358,000 after acquiring an additional 3,359 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Etsy by 268.2% in the 1st quarter. LPL Financial LLC now owns 54,720 shares of the specialty retailer’s stock worth $1,535,000 after acquiring an additional 39,858 shares during the last quarter. Xact Kapitalforvaltning AB acquired a new position in shares of Etsy in the 1st quarter worth $341,000. Finally, Clinton Group Inc. acquired a new position in shares of Etsy in the 2nd quarter worth $248,000. Institutional investors own 86.57% of the company’s stock.

A number of brokerages recently issued reports on ETSY. KeyCorp lifted their target price on Etsy from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, August 7th. Morgan Stanley upgraded Etsy from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $36.00 to $48.00 in a report on Wednesday, October 24th. Stifel Nicolaus lifted their target price on Etsy from $37.00 to $46.00 and gave the stock a “hold” rating in a report on Tuesday, August 7th. DA Davidson lifted their target price on Etsy from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, Ifs Securities lifted their target price on Etsy to $55.00 and gave the stock an “outperform” rating in a report on Tuesday, August 7th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $46.04.



In other news, Director M Michele Burns sold 45,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $44.48, for a total value of $2,001,600.00. Following the completion of the sale, the director now owns 28,103 shares of the company’s stock, valued at $1,250,021.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick R. Wilson sold 22,062 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $45.48, for a total value of $1,003,379.76. Following the completion of the sale, the director now directly owns 23,487 shares of the company’s stock, valued at approximately $1,068,188.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,062 shares of company stock valued at $4,834,580. 2.80% of the stock is currently owned by insiders.

Shares of Etsy stock traded up $2.38 during midday trading on Tuesday, hitting $41.35. The company’s stock had a trading volume of 165,240 shares, compared to its average volume of 2,469,729. The stock has a market cap of $4.89 billion, a PE ratio of 106.05, a price-to-earnings-growth ratio of 6.42 and a beta of 0.23. The company has a quick ratio of 5.87, a current ratio of 5.87 and a debt-to-equity ratio of 0.90. Etsy Inc has a 1-year low of $16.08 and a 1-year high of $53.25.

Etsy (NASDAQ:ETSY) last issued its earnings results on Monday, August 6th. The specialty retailer reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The business had revenue of $132.39 million during the quarter, compared to analyst estimates of $127.10 million. Etsy had a return on equity of 13.23% and a net margin of 17.52%. The business’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. Analysts expect that Etsy Inc will post 0.42 EPS for the current fiscal year.

Etsy Company Profile

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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