Filament Exits Position in Etsy Inc (ETSY)

Etsy Inc (ETSY) : Filament has sold out all of its stake in Etsy Inc during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 21,739 shares of Etsy Inc which is valued at $336,520.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in ETSY during the most recent quarter. The investment firm sold 25 shares of ETSY which is valued $387.Bnp Paribas Arbitrage Sa boosted its stake in ETSY in the latest quarter, The investment management firm added 4,456 additional shares and now holds a total of 8,598 shares of Etsy Inc which is valued at $131,979.

Etsy Inc opened for trading at $15.47 and hit $16.05 on the upside on Friday, eventually ending the session at $15.48, with a gain of 2.31% or 0.35 points. The heightened volatility saw the trading volume jump to 35,13,071 shares. Company has a market cap of $1,761 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 Citigroup on Oct 7, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .Company shares were Reiterated by Maxim Group on Sep 26, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $15 .Monness Crespi & Hardt Upgraded Etsy Inc on Sep 21, 2016 to ” Buy”, Price Target of the shares are set at $17.

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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