Morgens Waterfall Vintiadis Co Inc adds Etsy Inc (ETSY) to its portfolio

Etsy Inc (ETSY) : Morgens Waterfall Vintiadis Co Inc added new position in Etsy Inc during the most recent quarter end. The investment management firm now holds 165,000 shares of Etsy Inc which is valued at $2,519,550 , the company said in a statement filed on Oct 12, 2016 with the SEC.Etsy Inc makes up approximately 2.27% of Morgens Waterfall Vintiadis Co Inc’s portfolio.

Other Hedge Funds, Including , Creative Planning boosted its stake in ETSY in the latest quarter, The investment management firm added 2,250 additional shares and now holds a total of 3,182 shares of Etsy Inc which is valued at $48,589. 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. Filament sold out all of its stake in ETSY during the most recent quarter. The investment firm sold 21,739 shares of ETSY which is valued $336,520.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 closed down -0.54 points or -3.42% at $15.27 with 15,25,331 shares getting traded on Tuesday. Post opening the session at $15.72, the shares hit an intraday low of $14.95 and an intraday high of $15.81 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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 Resumed by Wedbush on Oct 13, 2016 to “Neutral”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .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 .

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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