2 weeks Ago By Defense World Staff
HighTower Advisors LLC acquired a new stake in Etsy, Inc. (NASDAQ:ETSY – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,125 shares of the specialty retailer’s stock, valued at approximately $218,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A.
lifted its holdings in shares of Etsy by 132.9% during the fourth quarter. Assenagon Asset Management S.
A. now owns 1,490,399 shares of the specialty retailer’s stock worth $78,827,000 after buying an additional 850,520 shares in the last quarter. Victory Capital Management Inc.
boosted its stake in Etsy by 703.8% during the fourth quarter. Victory Capital Management Inc.
now owns 812,671 shares of the specialty retailer’s stock worth $42,982,000 after acquiring an additional 711,572 shares in the last quarter. Van ECK Associates Corp grew its position in Etsy by 17.4% in the 4th quarter.
Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer’s stock valued at $186,583,000 after purchasing an additional 522,111 shares during the period. Principal Financial Group Inc. grew its holdings 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 buying an additional 411,165 shares in the last quarter.
Finally, ING Groep NV purchased a new stake in shares of Etsy during the fourth quarter valued at approximately $13,236,000. Institutional investors own 99.53% of the company’s stock.
Insiders Place Their BetsIn other Etsy news, insider Nicholas Daniel sold 1,500 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $55.34, for a total value of $83,010.
00. Following the completion of the sale, the insider now directly owns 22,198 shares in the company, valued at approximately $1,228,437.32.
This represents a 6.33 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Also, insider Toni Thompson Nadal sold 1,444 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total transaction of $69,745.
20. Following the transaction, the insider now directly owns 592 shares in the company, valued at $28,593.60.
This trade represents a 70.92 % 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 worth $2,554,620 over the last quarter. Company insiders own 2.60% of the company’s stock.
Etsy Stock PerformanceShares of Etsy stock opened at $48.41 on Friday. Etsy, Inc.
has a one year low of $43.43 and a one year high of $71.72.
The stock has a market cap 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 stock has a 50 day moving average price of $50.
61 and a 200-day moving average price of $52.51. Etsy (NASDAQ:ETSY – Get Free Report) last announced its earnings results 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. Etsy had a negative return on equity of 46.62% and a net margin of 10.
80%. The business had revenue of $852.16 million during the quarter, compared to analyst estimates of $861.
37 million. During the same quarter in the previous year, the business earned $0.62 earnings per share.
The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Sell-side analysts predict that Etsy, Inc.
will post 2.57 earnings per share for the current fiscal year. Wall Street Analyst Weigh InSeveral equities analysts have recently weighed in on ETSY shares.
Stifel Nicolaus reduced their target price on shares of Etsy from $56.00 to $51.00 and set a “hold” rating for the company in a research note on Thursday, February 20th.
JMP Securities restated a “market perform” rating on shares of Etsy in a report on Monday, December 16th. Citigroup cut their price objective on Etsy from $56.00 to $53.
00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. UBS Group cut their price objective on shares of Etsy from $55.00 to $54.
00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Finally, Truist Financial dropped their price target on Etsy from $70.00 to $67.
00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $58.
38.Check Out Our Latest Report on ETSYEtsy 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 MoreFive stocks we like better than EtsyInsider Trades May Not Tell You What You ThinkShares of RH Down Nearly 40%: Where Investors Can Turn To NowTechnology Stocks Explained: Here’s What to Know About TechTariffs, Spin-Out, and R2 Updates Are Positive Signs for RivianBest Stocks Under $5.
00Cathie Wood Loads Up on Baidu—Is It the Right Time to Buy?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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