Clark Estates Incny adds Etsy Inc (ETSY) to its portfolio

Etsy Inc (ETSY) : Clark Estates Incny added new position in Etsy Inc during the most recent quarter end. The investment management firm now holds 208,000 shares of Etsy Inc which is valued at $2,878,720 , the company said in a statement filed on Aug 1, 2016 with the SEC.Etsy Inc makes up approximately 0.54% of Clark Estates Incny’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in ETSY in the latest quarter, The investment management firm added 177,889 additional shares and now holds a total of 220,196 shares of Etsy Inc which is valued at $3,047,513. Etsy Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Joel Isaacson reduced its stake in ETSY by selling 7,416 shares or 60.56% in the most recent quarter. The Hedge Fund company now holds 4,829 shares of ETSY which is valued at $47,421. Etsy Inc makes up approx 0.01% of Joel Isaacson’s portfolio. Park Circle Co added ETSY to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $19,640. Etsy Inc makes up approx 0.01% of Park Circle Co’s portfolio.Cutler Group Lp boosted its stake in ETSY in the latest quarter, The investment management firm added 2,942 additional shares and now holds a total of 3,385 shares of Etsy Inc which is valued at $34,392.

Etsy Inc opened for trading at $13.66 and hit $14.21 on the upside on Thursday, eventually ending the session at $14.07, with a gain of 1.66% or 0.23 points. The heightened volatility saw the trading volume jump to 24,14,606 shares. Company has a market cap of $1,591 M.

On the company’s financial health, Etsy Inc reported $-0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.02. The company had revenue of $85.30 million for the quarter, compared to analysts expectations of $80.55 million. The company’s revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.07 EPS.

Many Wall Street Analysts have commented on Etsy Inc. Company shares were Reiterated by Maxim Group on Aug 3, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $12 .Company shares were Reiterated by Wedbush on Aug 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 13 from a previous price target of $10 .Company shares were Upgraded by ROTH Capital on Aug 3, 2016 to ” Neutral”, Firm has raised the Price Target to $ 14.25 from a previous price target of $6.50 .

Etsy Inc. operates a marketplace where people connect both online and offline to make sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce employment consumption and manufacturing. Its sellers offer goods in online retail categories including jewelry stationery clothing home goods craft supplies and vintage items. The Company supports a range of artists makers designers and collectors. The Company’s community is made up of entrepreneurs who sell on its platform consumers looking to buy goods in its marketplace manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers which include promoted listings direct checkout and shipping labels. It also provides a range of tools for its buyers including communication search and discovery and mobile.

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