Royce & Associates LP Buys Shares of 78,531 Etsy, Inc. (NASDAQ:ETSY)

Royce & Associates LP bought a new stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 78,531 shares of the specialty retailer's stock, valued at approximately $4,154,000. Royce & Associates LP owned approximately 0.07% of Etsy at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in Etsy by 183.9% in the 3rd quarter. Pacer Advisors Inc. now owns 5,961,952 shares of the specialty retailer's stock valued at $331,067,000 after purchasing an additional 3,861,668 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Etsy by 17.4% in the 4th quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer's stock valued at $186,583,000 after purchasing an additional 522,111 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Etsy by 12.1% in the 4th quarter. DAVENPORT & Co LLC now owns 1,748,008 shares of the specialty retailer's stock valued at $92,452,000 after purchasing an additional 188,386 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Etsy by 132.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,490,399 shares of the specialty retailer's stock valued at $78,827,000 after purchasing an additional 850,520 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Etsy by 12.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer's stock valued at $59,820,000 after purchasing an additional 122,126 shares in the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

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Etsy Stock Up 0.4 %

Shares of Etsy stock traded up $0.18 on Friday, hitting $45.11. 11,112,880 shares of the company's stock traded hands, compared to its average volume of 3,589,848. The stock has a market cap of $4.83 billion, a P/E ratio of 19.03, a PEG ratio of 2.57 and a beta of 2.23. The firm's 50-day moving average is $51.57 and its 200 day moving average is $52.88. Etsy, Inc. has a 52-week low of $43.43 and a 52-week high of $71.72.

Etsy (NASDAQ:ETSY - Get Free Report) last released its earnings results 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 company had revenue of $852.16 million during the quarter, compared to analysts' expectations of $861.37 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. Equities research analysts forecast that Etsy, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

ETSY has been the subject of a number of research analyst reports. Loop Capital dropped their price objective on shares of Etsy from $45.00 to $40.00 and set a "sell" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company upped their price objective on shares of Etsy from $44.00 to $47.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $60.00 price objective on shares of Etsy in a research note on Thursday, February 20th. Canaccord Genuity Group dropped their price objective on shares of Etsy from $105.00 to $76.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Morgan Stanley dropped their price objective 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. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $58.42.

Insider Buying and Selling

In related news, insider Nicholas Daniel sold 1,500 shares of the firm's stock in a transaction 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 directly owns 22,198 shares in the company, valued at $1,228,437.32. This trade represents a 6.33 % decrease in their ownership of the stock. The sale 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 firm's stock in a transaction 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 transaction, the chief executive officer now owns 5,004 shares in the company, valued at $260,458.20. This trade represents a 81.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,666 shares of company stock worth $1,286,445 over the last ninety days. 2.60% of the stock is owned by insiders.

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.