Duality Advisers LP Has $1.50 Million Stock Holdings in Etsy, Inc. (NASDAQ:ETSY)

Duality Advisers LP increased its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 94.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,783 shares of the specialty retailer’s stock after acquiring an additional 10,562 shares during the period. Duality Advisers LP’s holdings in Etsy were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. CVA Family Office LLC acquired a new stake in shares of Etsy during the 4th quarter worth approximately $27,000. Sunbelt Securities Inc. boosted its position in Etsy by 3,900.0% in the first quarter. Sunbelt Securities Inc. now owns 440 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 429 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Etsy by 402.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 447 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 358 shares in the last quarter. Tompkins Financial Corp bought a new position in shares of Etsy during the fourth quarter valued at $41,000. Finally, Larson Financial Group LLC raised its stake in shares of Etsy by 1,576.5% during the first quarter. Larson Financial Group LLC now owns 570 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 536 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Etsy Trading Up 3.3 %

Shares of NASDAQ ETSY traded up $1.95 during midday trading on Friday, hitting $60.26. The company’s stock had a trading volume of 3,090,609 shares, compared to its average volume of 3,615,819. The stock has a fifty day moving average price of $61.24 and a 200 day moving average price of $67.73. The firm has a market capitalization of $7.05 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 4.67 and a beta of 2.02. Etsy, Inc. has a one year low of $55.08 and a one year high of $102.81.

Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $646.00 million for the quarter, compared to the consensus estimate of $646.30 million. Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The business’s revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. On average, equities research analysts predict that Etsy, Inc. will post 2.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Toni Thompson Nadal sold 1,444 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $65.68, for a total transaction of $94,841.92. Following the sale, the insider now owns 592 shares of the company’s stock, valued at approximately $38,882.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ETSY has been the subject of several analyst reports. Wells Fargo & Company dropped their price target on shares of Etsy from $58.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, June 25th. Barclays dropped their price target on shares of Etsy from $67.00 to $60.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd. Oppenheimer dropped their price target on shares of Etsy from $95.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Canaccord Genuity Group dropped their price target on shares of Etsy from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Finally, The Goldman Sachs Group dropped their price target on shares of Etsy from $80.00 to $70.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Etsy presently has a consensus rating of “Hold” and a consensus price target of $79.88.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. 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.