Aster Capital Management DIFC Ltd Makes New $599,000 Investment in Etsy, Inc. (NASDAQ:ETSY)

Aster Capital Management DIFC Ltd purchased a new position in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,331 shares of the specialty retailer's stock, valued at approximately $599,000.

Other hedge funds have also added to or reduced their stakes in the company. Lindbrook Capital LLC raised its position in Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. Hurley Capital LLC acquired a new stake in Etsy during the 4th quarter worth approximately $32,000. Summit Securities Group LLC acquired a new position in Etsy in the 4th quarter valued at approximately $37,000. Kestra Investment Management LLC bought a new position in shares of Etsy during the fourth quarter valued at $38,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Etsy by 153.1% during the fourth quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer's stock worth $44,000 after purchasing an additional 499 shares during the period. 99.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $52.05, for a total value of $1,127,715.30. Following the sale, the chief executive officer now owns 5,004 shares of the company's stock, valued at approximately $260,458.20. The trade was a 81.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the completion of the transaction, the insider now owns 22,198 shares in the company, valued at approximately $1,228,437.32. The trade was a 6.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,952 shares of company stock valued at $2,554,620 in the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

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Etsy Trading Up 0.0 %

Shares of NASDAQ:ETSY traded up $0.02 during mid-day trading on Friday, hitting $43.60. 3,353,881 shares of the company traded hands, compared to its average volume of 3,807,877. The stock has a market cap of $4.67 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.57 and a beta of 2.15. The stock has a 50-day moving average price of $48.78 and a two-hundred day moving average price of $51.89. Etsy, Inc. has a 12-month low of $40.05 and a 12-month high of $71.72.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) 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 analyst estimates of $861.37 million. During the same quarter in the prior year, the business posted $0.62 EPS. The business's revenue was up 1.2% compared to the same quarter last year. As a group, analysts expect that Etsy, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

ETSY has been the subject of several analyst reports. Canaccord Genuity Group lowered their target price on Etsy from $105.00 to $76.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft downgraded shares of Etsy to a "hold" rating and decreased their target price for the company from $45.00 to $43.00 in a research report on Wednesday, February 12th. Jefferies Financial Group upgraded shares of Etsy from an "underperform" rating to a "hold" rating and boosted their price target for the stock from $45.00 to $55.00 in a research report on Monday, January 13th. Bank of America lowered their target price on shares of Etsy from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Etsy in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $56.71.

About Etsy

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.