Cwm LLC Increases Holdings in Etsy Inc (NASDAQ:ETSY)

Cwm LLC lifted its position in shares of Etsy Inc (NASDAQ:ETSY) by 14,280.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,071 shares of the specialty retailer’s stock after buying an additional 118,243 shares during the period. Cwm LLC owned about 0.10% of Etsy worth $6,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Carroll Financial Associates Inc. grew 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 worth $30,000 after acquiring an additional 342 shares during the last quarter. Hanson McClain Inc. bought a new position in Etsy during the 2nd quarter worth approximately $31,000. Compagnie Lombard Odier SCmA bought a new position in Etsy during the 2nd quarter worth approximately $31,000. Vista Private Wealth Partners. LLC bought a new position in Etsy during the 3rd quarter worth approximately $31,000. Finally, BSW Wealth Partners bought a new position in Etsy during the 2nd quarter worth approximately $45,000. 92.51% of the stock is currently owned by institutional investors.

In other news, CTO Michael T. Fisher sold 5,208 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $56.32, for a total value of $293,314.56. Following the completion of the transaction, the chief technology officer now owns 24,168 shares in the company, valued at $1,361,141.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Michael T. Fisher sold 5,194 shares of the business’s stock in a transaction on Monday, September 9th. The stock was 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 owns 17,387 shares of the company’s stock, valued at approximately $869,350. The disclosure for this sale can be found here. Insiders have sold 22,668 shares of company stock valued at $1,216,792 in the last quarter. 3.00% of the stock is owned by company insiders.

Shares of NASDAQ:ETSY opened at $57.75 on Friday. The stock has a fifty day simple moving average of $56.17 and a two-hundred day simple moving average of $61.20. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 66.64, a PEG ratio of 3.74 and a beta of 1.01. Etsy Inc has a 12-month low of $38.02 and a 12-month high of $73.35. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.77.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings data on Thursday, August 1st. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. The business had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $183.28 million. Etsy had a return on equity of 26.77% and a net margin of 15.83%. The firm’s quarterly revenue was up 36.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. As a group, equities research analysts predict that Etsy Inc will post 0.74 EPS for the current year.

Several equities analysts recently issued reports on the company. KeyCorp set a $90.00 price target on Etsy and gave the stock a “buy” rating in a research report on Friday, August 2nd. Roth Capital set a $76.00 price objective on Etsy and gave the stock a “buy” rating in a research report on Monday. ValuEngine lowered Etsy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered Etsy from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, BidaskClub upgraded Etsy from a “sell” rating to a “hold” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.25.

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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