Apple, Netflix, Etsy, and More: Why These Stocks Are in the Spotlight

Page 2 of 2

Etsy Inc. (NASDAQ:ETSY) shares have skyrocketed 23% after the company reported a sizzling third quarter. EPS for the period of $0.15 was more than double the consensus of $0.07, and revenue of $150.37 million also exceeded the estimate of $149.9 million. In more good news, Etsy’s board authorized a $200 million stock buyback program and the company raised FY18 sales guidance to $596-$600 million from the previous $587-$596 million. At Q3’s end, a total of 30 of the hedge funds tracked by Insider Monkey held long positions in Etsy Inc. (NASDAQ:ETSY), a change of 3% from the second quarter of 2018.

Disclosure:None

Page 2 of 2