Mercer Global Advisors Inc. ADV Boosts Stock Holdings in Etsy, Inc. (NASDAQ:ETSY)

Mercer Global Advisors Inc. ADV increased its position in shares of Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,058 shares of the specialty retailer’s stock after purchasing an additional 583 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Etsy were worth $606,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Glassman Wealth Services increased its holdings in Etsy by 22.1% in the fourth quarter. Glassman Wealth Services now owns 442 shares of the specialty retailer’s stock valued at $53,000 after buying an additional 80 shares in the last quarter. LVZ Inc. increased its holdings in Etsy by 3.0% in the fourth quarter. LVZ Inc. now owns 2,980 shares of the specialty retailer’s stock valued at $357,000 after buying an additional 86 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Etsy by 4.7% in the fourth quarter. Pinnacle Associates Ltd. now owns 2,188 shares of the specialty retailer’s stock valued at $262,000 after buying an additional 99 shares in the last quarter. Utah Retirement Systems increased its holdings in Etsy by 0.4% in 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 in the last quarter. Finally, CVA Family Office LLC increased its holdings in Etsy by 32.9% in 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 in the last quarter. 95.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Etsy

In related news, CFO Rachel C. Glaser sold 19,822 shares of Etsy stock in a transaction 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 transaction, the chief financial officer now owns 49,143 shares in the company, valued at approximately $6,169,412.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Etsy news, insider Nicholas Daniel sold 1,000 shares of the business’s stock in a transaction on Monday, April 17th. The shares were sold at an average price of $102.79, for a total value of $102,790.00. Following the transaction, the insider now owns 8,704 shares in the company, valued at approximately $894,684.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rachel C. Glaser sold 19,822 shares of the business’s stock in a transaction on Friday, February 24th. The stock was sold at an average price of $125.54, for a total transaction of $2,488,453.88. Following the completion of the transaction, the chief financial officer now owns 49,143 shares in the company, valued at approximately $6,169,412.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,368 shares of company stock worth $11,627,641. 3.10% of the stock is currently owned by corporate insiders.

Etsy Stock Down 3.6 %

NASDAQ:ETSY opened at $89.10 on Monday. The company has a market cap of $10.99 billion, a P/E ratio of -15.34, a P/E/G ratio of 5.55 and a beta of 1.99. Etsy, Inc. has a fifty-two week low of $67.01 and a fifty-two week high of $149.91. The firm’s 50 day moving average is $101.54 and its two-hundred day moving average is $117.36.

Etsy (NASDAQ:ETSY – Get Rating) last posted its earnings results on Wednesday, May 3rd. The specialty retailer reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $640.90 million for the quarter, compared to analyst estimates of $620.92 million. Etsy had a negative net margin of 26.86% and a negative return on equity of 118.74%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. Research analysts forecast that Etsy, Inc. will post 2.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on ETSY shares. TheStreet raised shares of Etsy from a “d” rating to a “c-” rating in a report on Wednesday, February 22nd. Piper Sandler upgraded shares of Etsy from a “neutral” rating to an “overweight” rating and increased their price target for the company from $135.00 to $140.00 in a research report on Tuesday, April 4th. Truist Financial lowered their price target on shares of Etsy from $125.00 to $120.00 in a research report on Thursday, May 4th. Bank of America increased their price target on shares of Etsy from $145.00 to $153.00 and gave the company a “neutral” rating in a research report on Thursday, February 23rd. Finally, DA Davidson increased their price target 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 given a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $129.04.

Etsy 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.