Etsy Inc (ETSY) : Tiger Global Management scooped up 2,491,426 additional shares in Etsy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 11,091,426 shares of Etsy Inc which is valued at $160,271,106.Etsy Inc makes up approximately 2.23% of Tiger Global Management’s portfolio.
Other Hedge Funds, Including , Cipher Capital Lp boosted its stake in ETSY in the latest quarter, The investment management firm added 1,333 additional shares and now holds a total of 18,056 shares of Etsy Inc which is valued at $260,909. Etsy Inc makes up approx 0.02% of Cipher Capital Lp’s portfolio. Global X Management Co added ETSY to its portfolio by purchasing 786 company shares during the most recent quarter which is valued at $11,397.Td Asset Management Inc boosted its stake in ETSY in the latest quarter, The investment management firm added 1,700 additional shares and now holds a total of 18,800 shares of Etsy Inc which is valued at $258,876. Simplex Trading added ETSY to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $250.
Etsy Inc opened for trading at $13.38 and hit $13.85 on the upside on Thursday, eventually ending the session at $13.78, with a gain of 2.38% or 0.32 points. The heightened volatility saw the trading volume jump to 6,44,207 shares. Company has a market cap of $1,567 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.