Etsy, Inc. (NASDAQ:ETSY) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its position in Etsy, Inc. (NASDAQ:ETSY) by 3.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,192 shares of the specialty retailer’s stock after buying an additional 832 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Etsy were worth $2,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ETSY. OLD Mission Capital LLC acquired a new stake in shares of Etsy in the fourth quarter valued at $25,000. Valley National Advisers Inc. grew its stake in shares of Etsy by 129.5% in the first quarter. Valley National Advisers Inc. now owns 257 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Spire Wealth Management boosted its holdings in Etsy by 184.1% in the first quarter. Spire Wealth Management now owns 233 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 151 shares during the period. CoreCap Advisors LLC purchased a new position in Etsy in the fourth quarter valued at $28,000. Finally, ICA Group Wealth Management LLC purchased a new position in Etsy in the fourth quarter valued at $28,000. 92.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Etsy

In other news, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $95.33, for a total transaction of $1,987,630.50. Following the sale, the chief executive officer now owns 14,674 shares of the company’s stock, valued at approximately $1,398,872.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Nicholas Daniel sold 1,760 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $101.65, for a total transaction of $178,904.00. Following the sale, the insider now owns 8,704 shares of the company’s stock, valued at approximately $884,761.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Josh Silverman sold 20,850 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $95.33, for a total value of $1,987,630.50. Following the sale, the chief executive officer now directly owns 14,674 shares in the company, valued at approximately $1,398,872.42. The disclosure for this sale can be found here. Insiders have sold 96,423 shares of company stock valued at $8,789,447 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Etsy Trading Up 1.4 %

NASDAQ ETSY opened at $74.64 on Friday. The business’s 50 day moving average is $84.74 and its two-hundred day moving average is $96.40. Etsy, Inc. has a 12-month low of $71.28 and a 12-month high of $149.91. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of -12.71, a PEG ratio of 3.67 and a beta of 2.03.

Etsy (NASDAQ:ETSY) last released its earnings results on Wednesday, August 2nd. The specialty retailer reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.42. Etsy had a negative return on equity of 69.10% and a negative net margin of 26.84%. The company had revenue of $628.88 million for the quarter, compared to analysts’ expectations of $621.87 million. Equities analysts forecast that Etsy, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ETSY shares. DA Davidson decreased their target price on Etsy from $166.00 to $157.00 and set a “buy” rating for the company in a report on Thursday, August 3rd. Oppenheimer decreased their target price on Etsy from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. StockNews.com started coverage on Etsy in a report on Thursday, August 17th. They issued a “hold” rating for the company. Piper Sandler decreased their target price on Etsy from $140.00 to $126.00 and set an “overweight” rating for the company in a report on Thursday, August 3rd. Finally, TheStreet downgraded Etsy from a “c-” rating to a “d+” rating in a report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $118.43.

Etsy Company Profile

Etsy, Inc, together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers 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.