Steward Partners Investment Advisory LLC Acquires 216 Shares of Etsy, Inc. (NASDAQ:ETSY)

Steward Partners Investment Advisory LLC raised its position in Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 9.5% in the 1st quarter, Holdings Channel reports. The firm owned 2,484 shares of the specialty retailer’s stock after buying an additional 216 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Etsy were worth $309,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Etsy during the fourth quarter worth $223,388,000. SG Americas Securities LLC boosted its holdings in Etsy by 101.2% during the first quarter. SG Americas Securities LLC now owns 7,110 shares of the specialty retailer’s stock worth $884,000 after purchasing an additional 606,822 shares during the last quarter. Capital International Investors boosted its holdings in Etsy by 72.8% during the fourth quarter. Capital International Investors now owns 1,369,536 shares of the specialty retailer’s stock worth $299,846,000 after purchasing an additional 577,075 shares during the last quarter. Flossbach Von Storch AG lifted its stake in Etsy by 19.6% in the fourth quarter. Flossbach Von Storch AG now owns 2,618,168 shares of the specialty retailer’s stock valued at $573,222,000 after acquiring an additional 428,777 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Etsy in the fourth quarter valued at $90,003,000. Institutional investors own 89.93% of the company’s stock.

Wall Street Analyst Weigh In

ETSY has been the subject of a number of research reports. Piper Sandler initiated coverage on shares of Etsy in a research note on Friday, July 22nd. They set a “neutral” rating and a $95.00 target price for the company. Loop Capital cut their target price on shares of Etsy from $140.00 to $115.00 in a research note on Thursday, April 21st. Oppenheimer raised their price target on shares of Etsy from $120.00 to $127.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com lowered shares of Etsy from a “hold” rating to a “sell” rating in a research report on Tuesday, April 19th. Finally, BTIG Research raised their price target on shares of Etsy from $105.00 to $122.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $133.20.

Insider Buying and Selling

In related news, CMO Ryan M. Scott sold 712 shares of Etsy stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $100.00, for a total transaction of $71,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Josh Silverman sold 20,850 shares of Etsy stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $72.45, for a total transaction of $1,510,582.50. Following the sale, the chief executive officer now directly owns 102,707 shares in the company, valued at approximately $7,441,122.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Ryan M. Scott sold 712 shares of Etsy stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $100.00, for a total transaction of $71,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 111,280 shares of company stock worth $9,120,392 in the last ninety days. Company insiders own 3.10% of the company’s stock.

Etsy Trading Down 1.1 %

ETSY opened at $103.72 on Friday. The company’s 50 day moving average is $82.50 and its 200-day moving average is $111.95. Etsy, Inc. has a 1-year low of $67.01 and a 1-year high of $307.75. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 3.52. The company has a market cap of $13.18 billion, a P/E ratio of 34.46, a PEG ratio of 1.75 and a beta of 1.74.

Etsy (NASDAQ:ETSY – Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. Etsy had a net margin of 18.49% and a return on equity of 73.57%. The company had revenue of $585.20 million for the quarter, compared to the consensus estimate of $556.85 million. During the same period last year, the company posted $0.68 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Etsy, Inc. will post 2.31 earnings per share for the current fiscal year.

Etsy Company Profile

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Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. 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.