129,760 Shares in Etsy, Inc. (NASDAQ:ETSY) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 129,760 shares of the specialty retailer's stock, valued at approximately $6,863,000. Wealthfront Advisers LLC owned approximately 0.12% of Etsy as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in Etsy by 183.9% during the third quarter. Pacer Advisors Inc. now owns 5,961,952 shares of the specialty retailer's stock worth $331,067,000 after buying an additional 3,861,668 shares in the last quarter. Van ECK Associates Corp grew its position in Etsy by 17.4% during the fourth quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer's stock worth $186,583,000 after buying an additional 522,111 shares in the last quarter. DAVENPORT & Co LLC grew its position in Etsy by 12.1% during the fourth quarter. DAVENPORT & Co LLC now owns 1,748,008 shares of the specialty retailer's stock worth $92,452,000 after buying an additional 188,386 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Etsy by 132.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,490,399 shares of the specialty retailer's stock worth $78,827,000 after buying an additional 850,520 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Etsy by 12.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer's stock valued at $59,820,000 after purchasing an additional 122,126 shares in the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ETSY shares. Citigroup decreased their price objective on Etsy from $56.00 to $53.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft downgraded Etsy to a "hold" rating and decreased their price objective for the company from $45.00 to $43.00 in a report on Wednesday, February 12th. Moffett Nathanson lifted their price objective on Etsy from $60.00 to $61.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. UBS Group decreased their price objective on Etsy from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Finally, Stifel Nicolaus decreased their price objective on Etsy from $56.00 to $51.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $58.78.

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Insider Buying and Selling

In other Etsy news, CEO Josh Silverman sold 21,666 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the completion of the sale, the chief executive officer now owns 5,004 shares in the company, valued at approximately $260,458.20. The trade was a 81.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $55.34, for a total transaction of $83,010.00. Following the sale, the insider now owns 22,198 shares of the company's stock, valued at $1,228,437.32. The trade was a 6.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,666 shares of company stock worth $1,286,445 in the last quarter. Insiders own 2.60% of the company's stock.

Etsy Price Performance

ETSY stock opened at $44.93 on Thursday. The company has a 50 day moving average price of $52.95 and a 200 day moving average price of $53.43. Etsy, Inc. has a fifty-two week low of $44.15 and a fifty-two week high of $72.05. The stock has a market capitalization of $4.81 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm had revenue of $852.16 million during the quarter, compared to analysts' expectations of $861.37 million. During the same quarter in the previous year, the company posted $0.62 EPS. Etsy's revenue was up 1.2% on a year-over-year basis. As a group, equities analysts expect 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.

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