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CIBC WORLD MARKETS INC. HAS $24.96 MILLION POSITION IN ETSY, INC. (NASDAQ:ETSY)

Posted by Brian Wu on Jun 6th, 2022

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CIBC World Markets Inc. raised its holdings in shares of Etsy, Inc. (NASDAQ:ETSY
– Get Rating) by 20.9% in the 4th quarter, HoldingsChannel reports. The firm
owned 114,006 shares of the specialty retailer’s stock after buying an
additional 19,687 shares during the period. CIBC World Markets Inc.’s holdings
in Etsy were worth $24,960,000 as of its most recent filing with the Securities
and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company.
CVA Family Office LLC bought a new position in Etsy during the 4th quarter worth
$26,000. Future Financial Wealth Managment LLC bought a new stake in Etsy during
the fourth quarter worth about $26,000. Covestor Ltd bought a new position in
Etsy in the 4th quarter valued at about $29,000. Ahrens Investment Partners LLC
acquired a new position in shares of Etsy in the 4th quarter valued at
approximately $33,000. Finally, Mogy Joel R Investment Counsel Inc. bought a new
stake in shares of Etsy during the 4th quarter worth approximately $35,000.
89.93% of the stock is owned by hedge funds and other institutional investors.

Get Etsy alerts:



ETSY has been the topic of several research analyst reports. DA Davidson reduced
their price objective on Etsy from $275.00 to $185.00 in a research note on
Thursday, May 5th. Truist Financial lowered their price target on shares of Etsy
from $220.00 to $150.00 in a report on Monday, May 9th. Stifel Nicolaus dropped
their price target on Etsy from $160.00 to $130.00 in a research note on
Thursday, May 5th. UBS Group reduced their price objective on Etsy from $180.00
to $90.00 and set a “neutral” rating on the stock in a research report on
Friday. Finally, Oppenheimer cut their price target on Etsy from $175.00 to
$140.00 in a research note on Thursday, May 5th. One equities research analyst
has rated the stock with a sell rating, seven have given a hold rating and
thirteen have given a buy rating to the stock. Based on data from MarketBeat,
Etsy presently has an average rating of “Buy” and a consensus price target of
$167.60.




Shares of ETSY opened at $80.98 on Monday. The firm has a market cap of $10.29
billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.48 and a
beta of 1.76. Etsy, Inc. has a 52-week low of $68.40 and a 52-week high of
$307.75. The business’s 50 day moving average price is $100.37 and its
two-hundred day moving average price is $152.69. The company has a
debt-to-equity ratio of 3.52, a quick ratio of 2.68 and a current ratio of 2.68.



Etsy (NASDAQ:ETSY – Get Rating) last issued its earnings results on Wednesday,
May 4th. The specialty retailer reported $0.60 earnings per share (EPS) for the
quarter, topping the consensus estimate of $0.59 by $0.01. Etsy had a net margin
of 18.49% and a return on equity of 73.57%. The business had revenue of $579.30
million for the quarter, compared to analyst estimates of $574.71 million.
During the same period in the prior year, the firm earned $1.00 earnings per
share. Etsy’s revenue was up 5.2% on a year-over-year basis. Research analysts
predict that Etsy, Inc. will post 2.17 EPS for the current fiscal year.



In other news, CMO Ryan M. Scott sold 6,147 shares of the business’s stock in a
transaction that occurred on Friday, April 1st. The stock was sold at an average
price of $126.11, for a total transaction of $775,198.17. The transaction was
disclosed in a filing with the Securities & Exchange Commission, which is
available at this link. Also, CMO Ryan M. Scott sold 2,323 shares of the stock
in a transaction on Tuesday, April 5th. The stock was sold at an average price
of $132.60, for a total value of $308,029.80. The disclosure for this sale can
be found here. Over the last 90 days, insiders sold 92,525 shares of company
stock valued at $8,853,475. 3.10% of the stock is currently owned by company
insiders.

About Etsy (Get Rating)

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

See Also

 * Get a free copy of the StockNews.com research report on Etsy (ETSY)
 * This Isn’t A Buyable Bottom For Stocks 
 * Macys Stock is Ready to Buy
 * First Solar Stock is Ready to Shine
 * Insiders And Institutions Drive Consolidated Edison To New Highs 
 * MarketBeat: Week in Review 5/30 – 6/3



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 –
Get Rating).





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