9,310 Shares in Etsy, Inc. (NASDAQ:ETSY) Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,310 shares of the specialty retailer's stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kestra Investment Management LLC acquired a new stake in shares of Etsy during the fourth quarter worth $38,000. Capital Performance Advisors LLP bought a new stake in Etsy in the third quarter worth approximately $43,000. Versant Capital Management Inc raised its holdings in Etsy by 153.1% during the fourth quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer's stock valued at $44,000 after buying an additional 499 shares in the last quarter. Blue Trust Inc. lifted its holdings in Etsy by 95.1% in the 4th quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer's stock worth $46,000 after purchasing an additional 426 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Etsy in the 3rd quarter worth $59,000. 99.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Etsy

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

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Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ETSY shares. Canaccord Genuity Group dropped 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. Cantor Fitzgerald reduced their price objective on shares of Etsy from $46.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Moffett Nathanson upped their target price on shares of Etsy from $60.00 to $61.00 and gave the company a "neutral" rating in a research note on Tuesday, November 26th. Loop Capital cut their target price on Etsy from $45.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday, February 20th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Etsy to a "hold" rating and reduced their price target for the company from $45.00 to $43.00 in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $58.78.

Etsy Trading Up 0.7 %

Shares of ETSY stock traded up $0.34 during trading hours on Friday, hitting $47.29. 1,581,166 shares of the company were exchanged, compared to its average volume of 3,541,558. Etsy, Inc. has a 52 week low of $45.85 and a 52 week high of $73.48. The business has a 50 day moving average of $53.29 and a two-hundred day moving average of $53.59. The company has a market capitalization of $5.06 billion, a PE ratio of 19.90, a PEG ratio of 2.57 and a beta of 2.00.

Etsy (NASDAQ:ETSY - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm 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%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. On average, research analysts forecast that Etsy, Inc. will post 2.57 EPS for the current year.

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.