Hamilton Lane Advisors Lowers stake in Etsy Inc (ETSY)

Etsy Inc (ETSY) : Hamilton Lane Advisors reduced its stake in Etsy Inc by 41.2% during the most recent quarter end. The investment management company now holds a total of 331,075 shares of Etsy Inc which is valued at $2,903,528 after selling 232,014 shares in Etsy Inc , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Etsy Inc makes up approximately 1.37% of Hamilton Lane Advisors’s portfolio.

Etsy Inc opened for trading at $8.74 and hit $8.93 on the upside on Monday, eventually ending the session at $8.83, with a gain of 0.68% or 0.06 points. The heightened volatility saw the trading volume jump to 9,92,758 shares. Company has a market cap of $995 M.

Other Hedge Funds, Including , Creative Planning reduced its stake in ETSY by selling 100 shares or 11.34% in the most recent quarter. The Hedge Fund company now holds 782 shares of ETSY which is valued at $6,295.

On the company’s financial health, Etsy Inc reported $-0.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus of $0.00. The company had revenue of $87.90 million for the quarter, compared to analysts expectations of $86.64 million. The company’s revenue was up 35.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on Etsy Inc. RBC Capital Mkts Initiated Etsy Inc on Mar 11, 2016 to “Sector Perform”, Price Target of the shares are set at $10.

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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