1 week Ago By ABMN Staff
Corebridge Financial Inc. lessened its position in Etsy, Inc. ( NASDAQ:ETSY – Free Report ) by 11.
0% in the fourth quarter, HoldingsChannel reports. The firm owned 5,577 shares of the specialty retailer’s stock after selling 689 shares during the quarter. Corebridge Financial Inc.
’s holdings in Etsy were worth $295,000 as of its most recent SEC filing. Several other hedge funds also recently made changes to their positions in ETSY. Lindbrook Capital LLC lifted its position in Etsy by 55.
7% during the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 181 shares during the period. Kestra Investment Management LLC bought a new position in shares of Etsy in the 4th quarter worth about $38,000.
Versant Capital Management Inc lifted its position in Etsy by 153.1% during the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock valued at $44,000 after acquiring an additional 499 shares during the period.
Blue Trust Inc. boosted its stake in Etsy by 95.1% during the fourth quarter.
Blue Trust Inc. now owns 874 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 426 shares in the last quarter. Finally, Denver PWM LLC grew its holdings in Etsy by 36.
1% in the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 289 shares during the period. 99.
53% of the stock is currently owned by institutional investors. Insider Activity In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $55.
34, for a total transaction of $83,010.00. Following the sale, the insider now owns 22,198 shares in the company, valued at approximately $1,228,437.
32. This trade represents a 6.33 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, CEO Josh Silverman sold 21,666 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $52.
05, for a total transaction of $1,127,715.30. Following the completion of the transaction, the chief executive officer now owns 5,004 shares of the company’s stock, valued at approximately $260,458.
20. The trade was a 81.24 % decrease in their ownership of the stock.
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 ninety days. Corporate insiders own 2.
60% of the company’s stock. Etsy Trading Down 1.0 % Etsy ( NASDAQ:ETSY – Get Free Report ) last announced its earnings results on Wednesday, February 19th.
The specialty retailer reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.
08. Etsy had a negative return on equity of 46.62% and a net margin of 10.
80%. The company had revenue of $852.16 million for the quarter, compared to analysts’ expectations of $861.
37 million. During the same period last year, the firm earned $0.62 EPS.
Etsy’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts predict that Etsy, Inc.
will post 2.57 EPS for the current fiscal year. Analyst Ratings Changes A number of analysts have recently commented on ETSY shares.
Stifel Nicolaus dropped their price target on Etsy from $56.00 to $51.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th.
Canaccord Genuity Group dropped their target price on Etsy from $105.00 to $76.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.
Wells Fargo & Company reduced their price target on Etsy from $47.00 to $46.00 and set an “underweight” rating for the company in a report on Wednesday, April 2nd.
Deutsche Bank Aktiengesellschaft cut shares of Etsy to a “hold” rating and dropped their price target for the stock from $45.00 to $43.00 in a research note on Wednesday, February 12th.
Finally, UBS Group decreased their target price on shares of Etsy from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, February 20th.
Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $57.
71. Check Out Our Latest Report on ETSY Etsy Company 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 More Want to see what other hedge funds are holding ETSY? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Etsy, Inc. ( NASDAQ:ETSY – Free Report ). Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.
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