Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its position in shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,908 shares of the specialty retailer’s stock after selling 5,839 shares during the quarter. Raymond James & Associates owned 0.10% of Etsy worth $15,201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ETSY. Clearbridge Investments LLC grew its holdings in Etsy by 69.7% in the first 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 increased its holdings in Etsy by 56.1% during the 1st quarter. Capital International Investors now owns 2,137,886 shares of the specialty retailer’s stock valued at $265,696,000 after acquiring an additional 768,350 shares in the last quarter. Bares Capital Management Inc. increased its holdings in Etsy by 86.7% during the 3rd quarter. Bares Capital Management Inc. now owns 1,543,233 shares of the specialty retailer’s stock valued at $154,524,000 after acquiring an additional 716,680 shares in the last quarter. Capital World Investors raised its position in Etsy by 13.4% during the first quarter. Capital World Investors now owns 3,457,269 shares of the specialty retailer’s stock worth $429,669,000 after acquiring an additional 409,540 shares during the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Etsy by 25.4% in the third quarter. Artisan Partners Limited Partnership now owns 1,165,321 shares of the specialty retailer’s stock valued at $116,684,000 after purchasing an additional 235,773 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Insider Buying and Selling

In other Etsy news, CEO Josh Silverman sold 20,850 shares of the firm’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $106.38, for a total transaction of $2,218,023.00. Following the completion of the transaction, the chief executive officer now directly owns 107,305 shares of the company’s stock, valued at approximately $11,415,105.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Josh Silverman sold 20,850 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $106.38, for a total transaction of $2,218,023.00. Following the transaction, the chief executive officer now owns 107,305 shares of the company’s stock, valued at $11,415,105.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Ryan M. Scott sold 6,146 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $107.44, for a total value of $660,326.24. Following the completion of the sale, the chief marketing officer now directly owns 4,854 shares of the company’s stock, valued at $521,513.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,368 shares of company stock worth $11,627,641. Insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ETSY. Evercore ISI dropped their price objective on shares of Etsy from $140.00 to $120.00 in a research note on Thursday, May 4th. Wolfe Research reaffirmed a “peer perform” rating on shares of Etsy in a research note on Thursday, February 23rd. JMP Securities reissued a “market outperform” rating and issued a $150.00 price objective on shares of Etsy in a research report on Wednesday, April 19th. BTIG Research lowered their target price on shares of Etsy from $144.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. Finally, Loop Capital decreased their price objective on Etsy from $125.00 to $105.00 in a report on Thursday, May 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.04.

Etsy Price Performance

Shares of Etsy stock opened at $97.85 on Tuesday. Etsy, Inc. has a 1-year low of $67.01 and a 1-year high of $149.91. The company has a market capitalization of $12.07 billion, a PE ratio of -16.84, a P/E/G ratio of 5.32 and a beta of 1.99. The business has a 50-day moving average of $103.01 and a 200-day moving average of $117.37.

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

About Etsy

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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.