2,638 Shares in Etsy, Inc. (NASDAQ:ETSY) Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC acquired a new position in shares of Etsy, Inc. (NASDAQ:ETSY) in the fourth quarter, HoldingsChannel reports. The firm acquired 2,638 shares of the specialty retailer’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETSY. Private Advisor Group LLC increased its position in Etsy by 16.1% during the 1st quarter. Private Advisor Group LLC now owns 5,222 shares of the specialty retailer’s stock worth $649,000 after purchasing an additional 725 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Etsy by 320.6% in the 1st quarter. Panagora Asset Management Inc. now owns 11,255 shares of the specialty retailer’s stock valued at $1,399,000 after buying an additional 8,579 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Etsy by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,964 shares of the specialty retailer’s stock valued at $2,108,000 after buying an additional 1,051 shares during the period. Yousif Capital Management LLC grew its holdings in Etsy by 0.7% in the 1st quarter. Yousif Capital Management LLC now owns 29,567 shares of the specialty retailer’s stock valued at $3,675,000 after buying an additional 211 shares during the period. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in Etsy by 7.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,256 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 153 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Insider Buying and Selling at Etsy

In other Etsy news, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total value of $108,681.84. Following the transaction, the chief accounting officer now directly owns 2,827 shares of the company’s stock, valued at approximately $183,868.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $71.82, for a total value of $107,730.00. Following the transaction, the insider now directly owns 13,138 shares of the company’s stock, valued at approximately $943,571.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total value of $108,681.84. Following the completion of the transaction, the chief accounting officer now directly owns 2,827 shares in the company, valued at $183,868.08. The disclosure for this sale can be found here. Insiders have sold a total of 66,968 shares of company stock valued at $4,836,827 in the last three months. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

ETSY has been the subject of several recent analyst reports. Wedbush lowered their price target on Etsy from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd. Morgan Stanley lowered their price target on Etsy from $66.00 to $64.00 and set an “equal weight” rating for the company in a report on Thursday, February 22nd. Wells Fargo & Company lowered their price target on Etsy from $62.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, April 4th. Truist Financial lowered their price target on Etsy from $87.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. Finally, Evercore ISI decreased their target price on Etsy from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $87.84.

Etsy Stock Performance

Etsy stock opened at $68.36 on Wednesday. The stock’s 50 day moving average price is $70.16 and its 200 day moving average price is $71.39. The firm has a market capitalization of $8.10 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 4.68 and a beta of 2.01. Etsy, Inc. has a one year low of $58.20 and a one year high of $104.93.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The firm had revenue of $842.32 million for the quarter, compared to analyst estimates of $827.40 million. Etsy had a negative return on equity of 70.75% and a net margin of 11.19%. On average, analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Etsy 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, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.