Commonwealth Equity Services LLC Increases Stock Position in Etsy, Inc. (NASDAQ:ETSY)

Commonwealth Equity Services LLC increased its position in Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 229.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,840 shares of the specialty retailer’s stock after purchasing an additional 38,183 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Etsy were worth $6,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ETSY. Vanguard Group Inc. lifted its position in Etsy by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,833,881 shares of the specialty retailer’s stock valued at $1,385,186,000 after purchasing an additional 83,960 shares during the last quarter. Capital World Investors lifted its position in Etsy by 13.4% in the 1st quarter. Capital World Investors now owns 3,457,269 shares of the specialty retailer’s stock valued at $429,669,000 after purchasing an additional 409,540 shares during the last quarter. Clearbridge Investments LLC lifted its position in Etsy by 69.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,314,633 shares of the specialty retailer’s stock valued at $287,663,000 after purchasing an additional 950,415 shares during the last quarter. Capital International Investors lifted its position in Etsy by 56.1% in the 1st quarter. Capital International Investors now owns 2,137,886 shares of the specialty retailer’s stock valued at $265,696,000 after purchasing an additional 768,350 shares during the last quarter. Finally, Bares Capital Management Inc. raised its position in shares of Etsy by 86.7% during the 3rd quarter. Bares Capital Management Inc. now owns 1,543,233 shares of the specialty retailer’s stock worth $154,524,000 after buying an additional 716,680 shares in the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Etsy news, CFO Rachel C. Glaser sold 19,822 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $125.54, for a total transaction of $2,488,453.88. Following the sale, the chief financial officer now directly owns 49,143 shares in the company, valued at approximately $6,169,412.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Etsy news, CFO Rachel C. Glaser sold 19,822 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $125.54, for a total transaction of $2,488,453.88. Following the sale, the chief financial officer now directly owns 49,143 shares in the company, valued at approximately $6,169,412.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Josh Silverman sold 20,850 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The stock was sold at an average price of $99.66, for a total transaction of $2,077,911.00. Following the sale, the chief executive officer now owns 114,674 shares in the company, valued at $11,428,410.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,518 shares of company stock worth $9,656,482. Company insiders own 3.10% of the company’s stock.

Etsy Stock Down 0.1 %

Shares of NASDAQ:ETSY opened at $92.71 on Wednesday. Etsy, Inc. has a 12 month low of $67.01 and a 12 month high of $149.91. The company’s 50-day moving average price is $104.87 and its two-hundred day moving average price is $117.54. The firm has a market cap of $11.44 billion, a P/E ratio of -15.96, a P/E/G ratio of 5.32 and a beta of 1.99.

Etsy (NASDAQ:ETSY – Get Rating) last issued its quarterly earnings data on Wednesday, May 3rd. The specialty retailer reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. Etsy had a negative net margin of 26.86% and a negative return on equity of 118.74%. The firm had revenue of $640.90 million for the quarter, compared to analyst estimates of $620.92 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue was up 10.6% on a year-over-year basis. As a group, equities analysts predict that Etsy, Inc. will post 2.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on ETSY. Morgan Stanley dropped their price target on shares of Etsy from $75.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 23rd. BTIG Research dropped their price target on shares of Etsy from $144.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Etsy from $95.00 to $115.00 and gave the stock a “hold” rating in a report on Thursday, February 2nd. TheStreet upgraded shares of Etsy from a “d” rating to a “c-” rating in a report on Wednesday, February 22nd. Finally, DA Davidson lifted their target price on shares of Etsy from $161.00 to $166.00 in a research report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Etsy currently has an average rating of “Moderate Buy” and a consensus target price of $129.04.

Etsy Company Profile

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Etsy, Inc engages in the operation of an 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 in 2005 and is headquartered in New York, NY.