Dimensional Fund Advisors LP Purchases 28,910 Shares of Etsy, Inc. (NASDAQ:ETSY)

Dimensional Fund Advisors LP raised its stake in shares of Etsy, Inc. (NASDAQ:ETSYFree Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 594,667 shares of the specialty retailer’s stock after purchasing an additional 28,910 shares during the period. Dimensional Fund Advisors LP owned 0.50% of Etsy worth $48,202,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Van ECK Associates Corp raised its position in Etsy by 26.5% during the 4th quarter. Van ECK Associates Corp now owns 4,616,990 shares of the specialty retailer’s stock worth $374,207,000 after purchasing an additional 967,777 shares during the last quarter. Bares Capital Management Inc. raised its position in Etsy by 57.8% during the 3rd quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer’s stock worth $261,143,000 after purchasing an additional 1,480,655 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Etsy by 3.4% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,524,871 shares of the specialty retailer’s stock worth $98,476,000 after purchasing an additional 50,731 shares during the last quarter. Northern Trust Corp raised its position in Etsy by 4.3% during the 3rd quarter. Northern Trust Corp now owns 1,194,153 shares of the specialty retailer’s stock worth $77,118,000 after purchasing an additional 48,934 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Etsy by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,177,282 shares of the specialty retailer’s stock worth $95,419,000 after purchasing an additional 61,677 shares during the last quarter. 99.53% of the stock is owned by institutional investors.

Etsy Stock Down 0.4 %

Etsy stock opened at $60.80 on Thursday. Etsy, Inc. has a 52 week low of $56.60 and a 52 week high of $102.81. The company’s 50 day moving average price is $65.33 and its two-hundred day moving average price is $71.43. The stock has a market cap of $7.11 billion, a P/E ratio of 27.76, a P/E/G ratio of 4.94 and a beta of 2.00.

Etsy (NASDAQ:ETSYGet Free Report) last posted its earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The firm had revenue of $646.00 million for the quarter, compared to the consensus estimate of $646.30 million. During the same period in the prior year, the business earned $0.53 EPS. Etsy’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that Etsy, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on ETSY shares. Morgan Stanley lowered their target price on Etsy from $55.00 to $52.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. Canaccord Genuity Group decreased their price target on Etsy from $125.00 to $105.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. UBS Group decreased their price target on Etsy from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd. Wedbush decreased their price target on Etsy from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, JMP Securities downgraded Etsy from an “outperform” rating to a “market perform” rating in a report on Thursday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.96.

Check Out Our Latest Stock Analysis on ETSY

Insider Buying and Selling

In related news, insider Nicholas Daniel sold 750 shares of Etsy stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $66.01, for a total value of $49,507.50. Following the sale, the insider now owns 19,682 shares of the company’s stock, valued at approximately $1,299,208.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Nicholas Daniel sold 750 shares of Etsy stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $66.01, for a total value of $49,507.50. Following the sale, the insider now owns 19,682 shares of the company’s stock, valued at approximately $1,299,208.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merilee Buckley sold 1,671 shares of Etsy stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total transaction of $108,681.84. Following the completion of the sale, the chief accounting officer now directly owns 2,827 shares in the company, valued at approximately $183,868.08. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Etsy Company Profile

(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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