Stifel Financial Corp Trims Stock Holdings in Etsy, Inc. (NASDAQ:ETSY)

Stifel Financial Corp lowered its holdings in shares of Etsy, Inc. (NASDAQ:ETSYFree Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,441 shares of the specialty retailer’s stock after selling 3,246 shares during the quarter. Stifel Financial Corp owned 0.07% of Etsy worth $6,844,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Coldstream Capital Management Inc. bought a new position in shares of Etsy in the fourth quarter worth about $267,000. Artisan Partners Limited Partnership grew its stake in Etsy by 2.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,555,432 shares of the specialty retailer’s stock worth $126,068,000 after acquiring an additional 30,561 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Etsy by 23.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 309,333 shares of the specialty retailer’s stock worth $19,977,000 after acquiring an additional 57,785 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Etsy during the fourth quarter valued at approximately $503,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Etsy by 5.5% in 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. Institutional investors own 99.53% of the company’s stock.

Insider Activity at Etsy

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

Etsy Stock Performance

Etsy stock opened at $65.28 on Friday. Etsy, Inc. has a fifty-two week low of $56.60 and a fifty-two week high of $102.81. The company has a market cap of $7.63 billion, a PE ratio of 29.81, a PEG ratio of 5.28 and a beta of 1.99. The business’s 50-day simple moving average is $64.97 and its two-hundred day simple moving average is $71.22.

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 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 business had revenue of $646.00 million during the quarter, compared to analyst estimates of $646.30 million. During the same quarter last year, the company posted $0.53 EPS. Etsy’s quarterly revenue was up .8% compared to the same quarter last year. As a group, analysts predict that Etsy, Inc. will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group decreased their target price on Etsy from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Piper Sandler upped their price objective on shares of Etsy from $90.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Evercore ISI cut their target price on shares of Etsy from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, February 22nd. Guggenheim lowered their price target on shares of Etsy from $95.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, 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. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.96.

Read Our Latest Analysis on Etsy

Etsy 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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