Etsy Inc (ETSY) Shares Bought by Spark Investment Management LLC

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Spark Investment Management LLC boosted its stake in Etsy Inc (NASDAQ:ETSY) by 423.8% in the first quarter, HoldingsChannel.com reports. The firm owned 209,500 shares of the specialty retailer’s stock after acquiring an additional 169,500 shares during the period. Spark Investment Management LLC’s holdings in Etsy were worth $14,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC bought a new stake in shares of Etsy in the 1st quarter worth about $30,000. Optimum Investment Advisors bought a new position in Etsy during the 4th quarter valued at about $33,000. Quantamental Technologies LLC bought a new position in Etsy during the 4th quarter valued at about $43,000. First Quadrant L P CA bought a new position in Etsy during the 4th quarter valued at about $45,000. Finally, NumerixS Investment Technologies Inc bought a new position in Etsy during the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 93.69% of the company’s stock.

In related news, General Counsel Jill Simeone sold 1,158 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $69.34, for a total transaction of $80,295.72. Following the completion of the sale, the general counsel now owns 4,734 shares of the company’s stock, valued at $328,255.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Goyal Kruti Patel sold 3,753 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $69.69, for a total transaction of $261,546.57. Following the sale, the senior vice president now directly owns 16,389 shares of the company’s stock, valued at approximately $1,142,149.41. The disclosure for this sale can be found here. Insiders sold a total of 184,285 shares of company stock valued at $12,638,801 in the last ninety days. Corporate insiders own 3.00% of the company’s stock.

Shares of ETSY traded down $0.54 during mid-day trading on Friday, hitting $63.11. The company’s stock had a trading volume of 505,649 shares, compared to its average volume of 2,378,076. Etsy Inc has a 52-week low of $28.60 and a 52-week high of $73.35. The stock has a market capitalization of $7.44 billion, a PE ratio of 103.46, a PEG ratio of 3.90 and a beta of 0.98. The company has a debt-to-equity ratio of 0.81, a quick ratio of 4.87 and a current ratio of 4.87.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, May 8th. The specialty retailer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. Etsy had a net margin of 14.74% and a return on equity of 24.24%. The firm had revenue of $169.33 million during the quarter, compared to analysts’ expectations of $170.72 million. During the same quarter in the prior year, the company earned $0.10 EPS. The company’s revenue was up 40.0% compared to the same quarter last year. Equities research analysts forecast that Etsy Inc will post 0.82 EPS for the current year.

A number of brokerages have commented on ETSY. Zacks Investment Research downgraded shares of Etsy from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. BidaskClub upgraded shares of Etsy from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Royal Bank of Canada restated a “hold” rating and issued a $60.00 target price on shares of Etsy in a research note on Wednesday, March 13th. Canaccord Genuity began coverage on shares of Etsy in a research note on Thursday, April 4th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, BTIG Research restated a “hold” rating on shares of Etsy in a research note on Tuesday, March 19th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Etsy has a consensus rating of “Buy” and an average target price of $68.87.

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Etsy 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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Want to see what other hedge funds are holding ETSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Etsy Inc (NASDAQ:ETSY).

Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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