7,698 Shares in Etsy, Inc. (NASDAQ:ETSY) Bought by Miller Financial Services LLC

Miller Financial Services LLC acquired a new position in Etsy, Inc. (NASDAQ:ETSY - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,698 shares of the specialty retailer's stock, valued at approximately $407,000.

Several other large investors also recently bought and sold shares of ETSY. Amalgamated Bank increased its holdings in Etsy by 9.9% in the 3rd quarter. Amalgamated Bank now owns 37,176 shares of the specialty retailer's stock worth $2,064,000 after buying an additional 3,351 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Etsy by 313.1% during the 3rd quarter. Principal Financial Group Inc. now owns 542,505 shares of the specialty retailer's stock valued at $30,125,000 after purchasing an additional 411,165 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Etsy during the 3rd quarter valued at about $43,000. Assetmark Inc. grew its stake in shares of Etsy by 9.0% during the 3rd quarter. Assetmark Inc. now owns 24,411 shares of the specialty retailer's stock valued at $1,356,000 after purchasing an additional 2,025 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in shares of Etsy during the 3rd quarter valued at about $225,000. 99.53% of the stock is currently owned by institutional investors.

Etsy Trading Down 3.7 %

Shares of NASDAQ ETSY traded down $1.78 during trading hours on Tuesday, hitting $46.87. 4,975,678 shares of the company traded hands, compared to its average volume of 3,561,368. The company's 50 day moving average price is $52.95 and its 200 day moving average price is $53.43. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23. Etsy, Inc. has a 12 month low of $45.85 and a 12 month high of $73.25.

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Etsy (NASDAQ:ETSY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. Etsy's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. Equities analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ETSY shares. Moffett Nathanson boosted their price target on Etsy from $60.00 to $61.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. Wells Fargo & Company boosted their price target on Etsy from $44.00 to $47.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Stifel Nicolaus lowered their price objective on Etsy from $56.00 to $51.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Morgan Stanley lowered their price objective on Etsy from $45.00 to $44.00 and set an "underweight" rating on the stock in a research report on Thursday, February 20th. Finally, Citigroup lowered their price objective on Etsy from $56.00 to $53.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $58.78.

Insider Buying and Selling at Etsy

In other news, CEO Josh Silverman sold 21,666 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the transaction, the chief executive officer now owns 5,004 shares of the company's stock, valued at approximately $260,458.20. This represents a 81.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total value of $75,720.00. Following the transaction, the insider now directly owns 20,698 shares in the company, valued at $1,044,835.04. The trade was a 6.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,666 shares of company stock valued at $1,286,445 in the last quarter. 2.60% of the stock is owned by insiders.

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.