Quadrant Capital Group LLC Boosts Stock Holdings in Etsy, Inc. (NASDAQ:ETSY)

Quadrant Capital Group LLC boosted its holdings in Etsy, Inc. (NASDAQ:ETSYFree Report) by 56.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 688 shares of the specialty retailer’s stock after buying an additional 248 shares during the period. Quadrant Capital Group LLC’s holdings in Etsy were worth $56,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Etsy by 23.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 309,333 shares of the specialty retailer’s stock worth $19,977,000 after buying an additional 57,785 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Etsy during the fourth quarter valued at approximately $503,000. Charles Schwab Investment Management Inc. raised its stake in shares of Etsy by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,177,282 shares of the specialty retailer’s stock valued at $95,419,000 after purchasing an additional 61,677 shares during the period. Northern Trust Corp boosted its stake in shares of Etsy by 4.3% in the third quarter. Northern Trust Corp now owns 1,194,153 shares of the specialty retailer’s stock valued at $77,118,000 after purchasing an additional 48,934 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Etsy in the fourth quarter valued at $2,273,000. Institutional investors and hedge funds 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 dated Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total value of $4,570,907.50. Following the sale, the chief executive officer now owns 23,140 shares of the company’s stock, valued at approximately $1,677,650. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Josh Silverman sold 63,047 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the completion of the sale, the chief executive officer now owns 23,140 shares of the company’s stock, valued at $1,677,650. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicholas Daniel sold 750 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $66.01, for a total value of $49,507.50. Following the completion of the transaction, the insider now directly owns 19,682 shares in the company, valued at $1,299,208.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,968 shares of company stock worth $4,836,827. Company insiders own 2.60% of the company’s stock.

Etsy Stock Performance

Etsy stock opened at $60.62 on Monday. The firm has a market capitalization of $7.09 billion, a PE ratio of 27.68, a PEG ratio of 4.94 and a beta of 2.00. The business’s 50-day simple moving average is $65.71 and its 200-day simple moving average is $71.53. Etsy, Inc. has a 52 week low of $56.60 and a 52 week high of $102.81.

Etsy (NASDAQ:ETSYGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company 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%. Etsy’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. Research analysts forecast that Etsy, Inc. will post 2.49 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wedbush cut their price objective on shares of Etsy from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Loop Capital cut Etsy from a “hold” rating to a “sell” rating and cut their price target for the stock from $70.00 to $50.00 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 note on Thursday, May 2nd. Oppenheimer cut their target price on Etsy from $95.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, Wells Fargo & Company decreased their price target on shares of Etsy from $60.00 to $58.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.96.

Check Out Our Latest Stock Report on ETSY

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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