Etsy, Inc. (NASDAQ:ETSY) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in Etsy, Inc. (NASDAQ:ETSYFree Report) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,637 shares of the specialty retailer’s stock after selling 399 shares during the quarter. M&T Bank Corp’s holdings in Etsy were worth $457,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in Etsy by 0.5% during the fourth quarter. Arizona State Retirement System now owns 33,810 shares of the specialty retailer’s stock worth $2,740,000 after buying an additional 157 shares in the last quarter. Truist Financial Corp lifted its position in Etsy by 2.7% during the fourth quarter. Truist Financial Corp now owns 6,367 shares of the specialty retailer’s stock worth $516,000 after buying an additional 168 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Etsy by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 55,455 shares of the specialty retailer’s stock worth $3,581,000 after buying an additional 210 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Etsy by 1.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,653 shares of the specialty retailer’s stock worth $944,000 after buying an additional 216 shares in the last quarter. Finally, Accretive Wealth Partners LLC lifted its position in Etsy by 3.8% during the fourth quarter. Accretive Wealth Partners LLC now owns 6,232 shares of the specialty retailer’s stock worth $505,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Insider Activity

In other news, CEO Josh Silverman sold 63,047 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the completion of the transaction, the chief executive officer now directly owns 23,140 shares of the company’s stock, valued at $1,677,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Josh Silverman sold 63,047 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the completion of the transaction, the chief executive officer now directly owns 23,140 shares of the company’s stock, valued at $1,677,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of the business’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 owns 13,138 shares of the company’s stock, valued at $943,571.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,968 shares of company stock valued at $4,836,827. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ETSY shares. Loop Capital downgraded Etsy from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $70.00 to $50.00 in a research report on Thursday, May 2nd. Guggenheim reduced their target price on Etsy from $95.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Citigroup lowered their target price on Etsy from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. BTIG Research lowered their price objective on Etsy from $87.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Evercore ISI lowered their price objective on Etsy from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $79.96.

Get Our Latest Research Report on Etsy

Etsy Trading Up 1.7 %

Shares of Etsy stock opened at $63.57 on Wednesday. The business’s fifty day moving average price is $66.70 and its 200 day moving average price is $71.50. The stock has a market capitalization of $7.43 billion, a P/E ratio of 29.03, a PEG ratio of 5.06 and a beta of 2.00. Etsy, Inc. has a twelve month low of $56.60 and a twelve month high of $102.81.

Etsy (NASDAQ:ETSYGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $646.00 million during the quarter, compared to the consensus estimate of $646.30 million. Etsy had a net margin of 10.75% and a negative return on equity of 67.27%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. As a group, sell-side analysts predict that Etsy, Inc. will post 2.48 EPS for the current year.

About Etsy

(Free Report)

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.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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