Toroso Investments LLC Purchases 438 Shares of Etsy, Inc. (NASDAQ:ETSY)

Toroso Investments LLC grew its stake in shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,730 shares of the specialty retailer’s stock after buying an additional 438 shares during the period. Toroso Investments LLC’s holdings in Etsy were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Clearstead Advisors LLC raised its position in shares of Etsy by 22.1% during the second quarter. Clearstead Advisors LLC now owns 524 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 95 shares during the last quarter. Motley Fool Asset Management LLC raised its position in shares of Etsy by 3.5% during the second quarter. Motley Fool Asset Management LLC now owns 2,913 shares of the specialty retailer’s stock valued at $257,000 after buying an additional 99 shares during the last quarter. Utah Retirement Systems raised its position in shares of Etsy by 0.4% during the third quarter. Utah Retirement Systems now owns 22,692 shares of the specialty retailer’s stock valued at $2,272,000 after buying an additional 100 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Etsy by 1.2% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,260 shares of the specialty retailer’s stock valued at $927,000 after buying an additional 109 shares during the last quarter. Finally, CVA Family Office LLC raised its position in shares of Etsy by 32.9% during the third quarter. CVA Family Office LLC now owns 465 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 115 shares during the last quarter. Institutional investors own 95.46% of the company’s stock.

Insider Activity at Etsy

In related news, CEO Josh Silverman sold 20,850 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $132.87, for a total value of $2,770,339.50. Following the sale, the chief executive officer now owns 107,305 shares in the company, valued at $14,257,615.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Josh Silverman sold 20,850 shares of the company’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $132.87, for a total transaction of $2,770,339.50. Following the completion of the transaction, the chief executive officer now directly owns 107,305 shares of the company’s stock, valued at approximately $14,257,615.35. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicholas Daniel sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $135.18, for a total value of $135,180.00. Following the transaction, the insider now directly owns 3,309 shares of the company’s stock, valued at $447,310.62. The disclosure for this sale can be found here. Insiders have sold a total of 84,542 shares of company stock worth $10,731,872 over the last quarter. Insiders own 3.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ETSY shares. TheStreet raised shares of Etsy from a “d” rating to a “c-” rating in a report on Wednesday, February 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Etsy from $95.00 to $115.00 and gave the company a “hold” rating in a report on Thursday, February 2nd. Bank of America raised their target price on shares of Etsy from $145.00 to $153.00 and gave the company a “neutral” rating in a report on Thursday, February 23rd. Needham & Company LLC reissued a “buy” rating and issued a $160.00 target price on shares of Etsy in a report on Monday. Finally, Piper Sandler raised their target price on shares of Etsy from $105.00 to $135.00 and gave the company a “neutral” rating in a report on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Etsy presently has an average rating of “Hold” and a consensus target price of $130.67.

Etsy Stock Performance

ETSY stock opened at $104.43 on Friday. The company has a debt-to-equity ratio of 4.10, a current ratio of 2.40 and a quick ratio of 2.40. The business has a 50-day moving average price of $128.51 and a 200 day moving average price of $117.87. The company has a market capitalization of $13.02 billion, a P/E ratio of -18.19, a PEG ratio of 5.82 and a beta of 1.99. Etsy, Inc. has a 1-year low of $67.01 and a 1-year high of $151.50.

Etsy (NASDAQ:ETSY – Get Rating) last announced its earnings results on Wednesday, February 22nd. The specialty retailer reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.05). Etsy had a positive return on equity of 1,306.41% and a negative net margin of 27.06%. The firm had revenue of $807.20 million during the quarter, compared to the consensus estimate of $752.12 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities research analysts forecast that Etsy, Inc. will post 2.62 EPS for the current fiscal year.

Etsy Company Profile

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Etsy, Inc engages in the operation of online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments. Etsy, Reverb, Depop, and Elo7. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in 2005 and is headquartered in New York, NY.