Level Four Advisory Services LLC Sells 9,887 Shares of Etsy, Inc. (NASDAQ:ETSY)

Level Four Advisory Services LLC reduced its stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,241 shares of the specialty retailer's stock after selling 9,887 shares during the period. Level Four Advisory Services LLC's holdings in Etsy were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Lindbrook Capital LLC increased its position in shares of Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 181 shares during the period. Larson Financial Group LLC increased its holdings in Etsy by 8.7% in the 4th quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer's stock valued at $144,000 after buying an additional 218 shares during the period. Heron Bay Capital Management raised its position in shares of Etsy by 1.3% in the 4th quarter. Heron Bay Capital Management now owns 20,260 shares of the specialty retailer's stock valued at $1,072,000 after buying an additional 258 shares in the last quarter. Denver PWM LLC lifted its holdings in shares of Etsy by 36.1% during the 4th quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer's stock worth $58,000 after acquiring an additional 289 shares during the period. Finally, Gagnon Securities LLC boosted its position in shares of Etsy by 7.9% during the 4th quarter. Gagnon Securities LLC now owns 5,148 shares of the specialty retailer's stock worth $272,000 after acquiring an additional 376 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company's stock.

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Etsy Trading Up 4.2 %

NASDAQ ETSY traded up $2.03 during trading hours on Wednesday, hitting $50.56. 3,937,050 shares of the company's stock were exchanged, compared to its average volume of 3,720,504. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 2.57 and a beta of 2.15. The stock has a 50-day simple moving average of $50.74 and a 200 day simple moving average of $52.55. Etsy, Inc. has a 1-year low of $43.43 and a 1-year high of $71.72.

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, 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 company had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. During the same quarter last year, the firm posted $0.62 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Etsy

In other Etsy news, CEO Josh Silverman sold 21,666 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $52.05, for a total value of $1,127,715.30. Following the completion of the sale, the chief executive officer now owns 5,004 shares of the company's stock, valued at approximately $260,458.20. This trade represents a 81.24 % decrease in their ownership of the stock. 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 that occurred on Monday, February 3rd. The stock was sold at an average price of $55.34, for a total value of $83,010.00. Following the transaction, the insider now directly owns 22,198 shares in the company, valued at $1,228,437.32. The trade was a 6.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,666 shares of company stock valued at $1,286,445. Corporate insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

ETSY has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of Etsy from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and set a $60.00 price target on shares of Etsy in a report on Thursday, February 20th. Loop Capital reduced their price objective on Etsy from $45.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday, February 20th. Morgan Stanley lowered their target price on Etsy from $45.00 to $44.00 and set an "underweight" rating for the company in a research note on Thursday, February 20th. Finally, Wells Fargo & Company dropped their target price on shares of Etsy from $47.00 to $46.00 and set an "underweight" rating for the company in a report on Wednesday. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $58.38.

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.