1 week Ago By ABMN Staff
California Public Employees Retirement System lessened its holdings in Etsy, Inc. ( NASDAQ:ETSY – Free Report ) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 203,079 shares of the specialty retailer’s stock after selling 10,485 shares during the period. California Public Employees Retirement System owned about 0.18% of Etsy worth $10,741,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. DJE Kapital AG acquired a new position in shares of Etsy during the 4th quarter worth approximately $983,000. Charles Schwab Investment Management Inc.
increased its holdings in Etsy by 12.1% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,131,020 shares of the specialty retailer’s stock worth $59,820,000 after acquiring an additional 122,126 shares in the last quarter. Principal Financial Group Inc. raised its position in Etsy by 313.
1% during the third quarter. Principal Financial Group Inc. now owns 542,505 shares of the specialty retailer’s stock worth $30,125,000 after acquiring an additional 411,165 shares during the period.
Los Angeles Capital Management LLC purchased a new position in Etsy during the fourth quarter valued at $492,000. Finally, Natixis Advisors LLC acquired a new stake in shares of Etsy in the fourth quarter valued at about $606,000. Institutional investors and hedge funds own 99.
53% of the company’s stock. Etsy Price Performance NASDAQ ETSY opened at $44.42 on Monday.
The stock has a market capitalization of $4.76 billion, a P/E ratio of 18.74, a PEG ratio of 2.
57 and a beta of 2.15. The firm’s 50-day moving average is $50.
45 and its two-hundred day moving average is $52.42. Etsy, Inc.
has a 12 month low of $43.43 and a 12 month high of $71.72.
Insider Transactions at Etsy In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction dated 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 directly owns 22,198 shares in the company, valued at $1,228,437.32.
This represents a 6.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .
Also, CAO Merilee Buckley sold 1,676 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $48.40, for a total transaction of $81,118.
40. The disclosure for this sale can be found here . Insiders sold a total of 50,952 shares of company stock worth $2,554,620 over the last ninety days.
Company insiders own 2.60% of the company’s stock. Analysts Set New Price Targets ETSY has been the subject of several research analyst reports.
JMP Securities restated a “market perform” rating on shares of Etsy in a research report on Monday, December 16th. JPMorgan Chase & Co. assumed coverage on Etsy in a research report on Wednesday, March 19th.
They issued a “neutral” rating and a $50.00 target price on the stock. Loop Capital dropped their price target on Etsy from $45.
00 to $40.00 and set a “sell” rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company reduced their price objective on Etsy from $47.
00 to $46.00 and set an “underweight” rating for the company in a research note on Wednesday, April 2nd. Finally, Truist Financial lowered their target price on shares of Etsy from $70.
00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company.
According to data from MarketBeat.com, Etsy has a consensus rating of “Hold” and a consensus target price of $58.38.
Get Our Latest Analysis on Etsy About Etsy ( 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. Recommended Stories 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.
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