From MarketBeat:

ICICI Prudential Asset Management Co Ltd reported a 23.8% increase in its holdings of Etsy, Inc. stock, owning 106,981 shares worth $6,909,000 at the end of Q3. Other hedge funds also increased their stakes in Etsy, including Quarry LP, Kayne Anderson Rudnick Investment Management LLC, and KB Financial Partners LLC.

In related news, CEO Josh Silverman was reported to have sold 10,425 shares of Etsy, worth a total of $649,060.50. The chief executive officer now owns 23,140 shares of the company’s stock, valued at $1,440,696.40. Insiders own 2.60% of the company’s stock.

Etsy, Inc. recently reported its earnings results, surpassing analysts’ consensus estimates with $0.64 earnings per share for the quarter. The company reported revenue of $636.30 million, compared to the consensus estimate of $629.75 million. Analysts forecast that Etsy, Inc. will post 2.75 earnings per share for the current fiscal year.

Etsy stock traded up $1.44 on Friday, reaching $70.66. The company has a 12 month low of $58.20 and a 12 month high of $149.91. It has a market cap of $8.46 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 7.69, and a beta of 2.06.

Analysts have set a variety of price targets for Etsy stock, with a consensus rating of “Hold” and an average price target of $92.85.



Read more: ICICI Prudential Asset Management Co Ltd Raises Stock Position in Etsy, Inc. (NASDAQ:ETSY)