Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd decreased its stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 84.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,600 shares of the specialty retailer's stock after selling 30,500 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in Etsy were worth $296,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ETSY. DJE Kapital AG purchased a new position in Etsy during the fourth quarter worth $983,000. Pacer Advisors Inc. boosted its stake in shares of Etsy by 183.9% during the 3rd quarter. Pacer Advisors Inc. now owns 5,961,952 shares of the specialty retailer's stock worth $331,067,000 after purchasing an additional 3,861,668 shares during the period. Principal Financial Group Inc. grew its holdings in 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 last quarter. Thrivent Financial for Lutherans raised its position in Etsy by 258.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 118,434 shares of the specialty retailer's stock worth $6,576,000 after purchasing an additional 85,396 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Etsy by 12.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer's stock worth $59,820,000 after purchasing an additional 122,126 shares during the last quarter. Institutional investors own 99.53% of the company's stock.

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Insider Activity

In related news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Josh Silverman sold 21,666 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 5,004 shares in the company, valued at approximately $260,458.20. This trade represents a 81.24 % 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 over the last ninety days. 2.60% of the stock is currently owned by insiders.

Etsy Stock Performance

ETSY stock traded up $0.21 on Thursday, hitting $44.93. 3,667,512 shares of the company's stock were exchanged, compared to its average volume of 3,556,090. The firm has a 50 day moving average price of $51.88 and a two-hundred day moving average price of $53.02. Etsy, Inc. has a 12-month low of $43.43 and a 12-month high of $71.72. The stock has a market cap of $4.81 billion, a P/E 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 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 firm had revenue of $852.16 million during the quarter, compared to analyst estimates of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. Etsy's revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.62 EPS. Sell-side analysts expect that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ETSY. UBS Group reduced their price target on Etsy from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. JMP Securities reiterated a "market perform" rating on shares of Etsy in a research report on Monday, December 16th. Truist Financial lowered their target price on shares of Etsy from $70.00 to $67.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Loop Capital reduced their price target on shares of Etsy from $45.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday, February 20th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $60.00 price objective on shares of Etsy in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $58.42.

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.