14,206 Shares in Etsy, Inc. (NASDAQ:ETSY) Purchased by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in Etsy, Inc. (NASDAQ:ETSY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,206 shares of the specialty retailer's stock, valued at approximately $751,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Lindbrook Capital LLC lifted its holdings in shares of Etsy by 55.7% during the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock valued at $27,000 after acquiring an additional 181 shares during the period. Kestra Investment Management LLC acquired a new position in Etsy in the fourth quarter valued at about $38,000. Versant Capital Management Inc grew its stake in 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 buying an additional 499 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Etsy by 95.1% in the fourth quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer's stock valued at $46,000 after acquiring an additional 426 shares during the last quarter. Finally, Denver PWM LLC boosted its holdings in shares of Etsy by 36.1% in 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 in the last quarter. Institutional investors own 99.53% of the company's stock.

Etsy Stock Up 3.8 %

Shares of NASDAQ ETSY traded up $1.76 during trading on Tuesday, reaching $47.62. The company had a trading volume of 2,283,120 shares, compared to its average volume of 3,589,961. 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 $5.10 billion, a P/E ratio of 20.09, a PEG ratio of 2.57 and a beta of 2.23. The company's fifty day moving average price is $51.41 and its 200-day moving average price is $52.79.

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Etsy (NASDAQ:ETSY - Get Free Report) last released its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The business had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. During the same quarter in the prior year, the firm posted $0.62 EPS. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $60.00 price objective on shares of Etsy in a research report on Thursday, February 20th. Canaccord Genuity Group decreased their price objective on shares of Etsy from $105.00 to $76.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Morgan Stanley dropped their target price on shares of Etsy from $45.00 to $44.00 and set an "underweight" rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group raised shares of Etsy from an "underperform" rating to a "hold" rating and raised their price target for the company from $45.00 to $55.00 in a report on Monday, January 13th. Finally, Loop Capital reduced their price objective on Etsy from $45.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, February 20th. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Etsy presently has a consensus rating of "Hold" and a consensus price target of $58.42.

Insider Activity at Etsy

In related news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Josh Silverman sold 21,666 shares of Etsy 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 transaction, the chief executive officer now directly owns 5,004 shares in the company, valued at approximately $260,458.20. This represents a 81.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,666 shares of company stock worth $1,286,445 over the last quarter. Company insiders own 2.60% of the company's stock.

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.