1 week Ago By Defense World Staff
Corebridge Financial Inc. reduced its position in Etsy, Inc. (NASDAQ:ETSY – Free Report) by 11.
0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,577 shares of the specialty retailer’s stock after selling 689 shares during the period. Corebridge Financial Inc.
’s holdings in Etsy were worth $295,000 at the end of the most recent quarter. Several other hedge funds have also bought and sold shares of the business. Assenagon Asset Management S.
A. lifted its stake in shares of Etsy by 132.9% in the fourth quarter.
Assenagon Asset Management S.A. now owns 1,490,399 shares of the specialty retailer’s stock valued at $78,827,000 after buying an additional 850,520 shares in the last quarter.
Victory Capital Management Inc. increased its holdings in Etsy by 703.8% during the 4th quarter.
Victory Capital Management Inc. now owns 812,671 shares of the specialty retailer’s stock worth $42,982,000 after purchasing an additional 711,572 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Etsy by 17.
4% in the fourth quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer’s stock worth $186,583,000 after purchasing an additional 522,111 shares during the last quarter. Principal Financial Group Inc.
lifted its holdings in shares of Etsy by 313.1% in the third quarter. Principal Financial Group Inc.
now owns 542,505 shares of the specialty retailer’s stock valued at $30,125,000 after purchasing an additional 411,165 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Etsy during the fourth quarter valued at approximately $15,630,000.
Institutional investors and hedge funds own 99.53% of the company’s stock. Etsy Trading Down 1.
0 %Shares of NASDAQ:ETSY opened at $43.58 on Friday. The company has a 50 day moving average of $48.
99 and a 200 day moving average of $51.96. The stock has a market cap of $4.
67 billion, a P/E ratio of 18.39, a P/E/G ratio of 2.57 and a beta of 2.
15. Etsy, Inc. has a 12 month low of $40.
05 and a 12 month high of $71.72. Etsy (NASDAQ:ETSY – Get Free Report) last released its quarterly earnings results on Wednesday, February 19th.
The specialty retailer reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.
08. Etsy had a net margin of 10.80% and a negative return on equity of 46.
62%. The firm had revenue of $852.16 million during the quarter, compared to analyst estimates of $861.
37 million. During the same period in the previous year, the business earned $0.62 EPS.
The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Etsy, Inc.
will post 2.57 earnings per share for the current fiscal year. Analysts Set New Price TargetsETSY has been the topic of several recent analyst reports.
Loop Capital dropped their price objective on Etsy from $45.00 to $40.00 and set a “sell” rating on the stock in a research note on Thursday, February 20th.
JMP Securities reissued a “market perform” rating on shares of Etsy in a research report on Monday, December 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Etsy in a research report on Thursday, February 20th.
Citigroup dropped their target price on shares of Etsy from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th.
Finally, Truist Financial reduced their target price on Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, January 29th.
Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Etsy presently has an average rating of “Hold” and a consensus target price of $57.
71.Check Out Our Latest Stock Analysis on EtsyInsider Buying and Selling at EtsyIn other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $48.
30, for a total value of $69,745.20. Following the completion of the sale, the insider now owns 592 shares in the company, valued at approximately $28,593.
60. The trade was a 70.92 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $55.
34, for a total transaction of $83,010.00. Following the completion of the transaction, the insider now owns 22,198 shares in the company, valued at $1,228,437.
32. This represents a 6.33 % decrease in their position.
The disclosure for this sale can be found here. Insiders have sold a total of 50,952 shares of company stock valued at $2,554,620 in the last 90 days. Corporate insiders own 2.
60% of the company’s stock. Etsy Profile (Free Report)Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.
com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.Read MoreFive stocks we like better than EtsyMastering Discipline: Overcoming Emotional Challenges In TradingJoby Aviation: Operational Momentum vs.
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