Hershey Trust Co Exits Position in Etsy Inc (ETSY)

Etsy Inc (ETSY) : Hershey Trust Co has sold out all of its stake in Etsy Inc during the most recent quarter, according to the disclosure filed by the company on Jul 21, 2016 with the SEC. The investment management company has sold out 11,296 shares of Etsy Inc which is valued at $110,927.

Other Hedge Funds, Including , 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. Simplex Trading added ETSY to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $250.Creative Planning boosted its stake in ETSY in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 932 shares of Etsy Inc which is valued at $9,469.

Etsy Inc opened for trading at $9.88 and hit $10.31 on the upside on Thursday, eventually ending the session at $10.11, with a gain of 2.95% or 0.29 points. The heightened volatility saw the trading volume jump to 16,89,440 shares. Company has a market cap of $1,143 M.

On the company’s financial health, Etsy Inc reported $0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 3, 2016. Analyst had a consensus of $-0.03. The company had revenue of $81.80 million for the quarter, compared to analysts expectations of $75.63 million. The company’s revenue was up 39.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.84 EPS.

Many Wall Street Analysts have commented on Etsy Inc. Maxim Group Initiated Etsy Inc on May 26, 2016 to “Buy”, Price Target of the shares are set at $12.Company shares were Reiterated by RBC Capital Mkts on May 4, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 11 from a previous price target of $10 .Company shares were Reiterated by Wedbush on May 4, 2016 to “Neutral”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .

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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