2 weeks Ago By ABMN Staff
HighTower Advisors LLC acquired a new stake in shares of Etsy, Inc. ( NASDAQ:ETSY – Free Report ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,125 shares of the specialty retailer’s stock, valued at approximately $218,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of ETSY. Lindbrook Capital LLC increased its stake in Etsy by 55.7% during the 4th quarter.
Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Etsy in the 4th quarter valued at $38,000. Versant Capital Management Inc increased its position in shares of Etsy by 153.
1% in 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.
raised its stake in Etsy by 95.1% in the 4th quarter. Blue Trust Inc.
now owns 874 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 426 shares during the last quarter. Finally, Denver PWM LLC lifted its position in Etsy by 36.1% during the 4th quarter.
Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock worth $58,000 after acquiring an additional 289 shares during the period. 99.53% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets In other Etsy news, CEO Josh Silverman sold 21,666 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 5,004 shares in the company, valued at $260,458.20.
This represents a 81.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website .
Also, 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 completion of the transaction, the insider now directly owns 22,198 shares of the company’s stock, valued at approximately $1,228,437.32.
The trade was 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. 2.60% of the stock is owned by insiders.
Analysts Set New Price Targets Get Our Latest Research Report on ETSY Etsy Price Performance Shares of NASDAQ:ETSY opened at $48.41 on Friday. The firm has a market capitalization of $5.
18 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 2.57 and a beta of 2.
15. The business’s 50 day moving average price is $50.61 and its 200-day moving average price is $52.
51. Etsy, Inc. has a 1 year low of $43.
43 and a 1 year high of $71.72. Etsy ( NASDAQ:ETSY – Get Free Report ) last posted its quarterly earnings data on Wednesday, February 19th.
The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.
08. The business had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.
37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.
62%. The company’s revenue was up 1.2% compared to the same quarter last year.
During the same period last year, the firm posted $0.62 earnings per share. On average, sell-side analysts expect that Etsy, Inc.
will post 2.57 earnings per share for the current year. 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.
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 ).
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