5,771 Shares in Etsy, Inc. (NASDAQ:ETSY) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,771 shares of the specialty retailer's stock, valued at approximately $324,000.

Several other large investors have also bought and sold shares of the business. Pacer Advisors Inc. increased its stake in 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 in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Etsy by 17.4% in the fourth quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer's stock valued at $186,583,000 after buying an additional 522,111 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Etsy by 12.1% during the fourth quarter. DAVENPORT & Co LLC now owns 1,748,008 shares of the specialty retailer's stock worth $92,452,000 after acquiring an additional 188,386 shares during the period. Assenagon Asset Management S.A. boosted its stake 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 worth $78,827,000 after purchasing an additional 850,520 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Etsy in the 3rd quarter valued at about $55,530,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ETSY shares. Loop Capital reduced their price objective on Etsy from $45.00 to $40.00 and set a "sell" rating for the company in a research report on Thursday, February 20th. Jefferies Financial Group upgraded Etsy from an "underperform" rating to a "hold" rating and boosted their target price for the company from $45.00 to $55.00 in a research note on Monday, January 13th. Canaccord Genuity Group decreased their price target 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. Stifel Nicolaus lowered their price objective on shares of Etsy from $56.00 to $51.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Finally, Citigroup reduced their target price on shares of Etsy from $56.00 to $53.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $58.78.

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Insider Buying and Selling at Etsy

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were 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 in the company, valued at $1,228,437.32. This represents a 6.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,127,715.30. Following the transaction, the chief executive officer now directly owns 5,004 shares in the company, valued at $260,458.20. This represents a 81.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,666 shares of company stock valued at $1,286,445 in the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Etsy Stock Performance

ETSY traded up $0.14 on Friday, reaching $47.09. The company had a trading volume of 1,405,405 shares, compared to its average volume of 3,541,043. The stock has a market cap of $5.04 billion, a P/E ratio of 19.85, a P/E/G ratio of 2.57 and a beta of 2.00. Etsy, Inc. has a fifty-two week low of $45.85 and a fifty-two week high of $73.48. The company's fifty day moving average is $53.29 and its 200 day moving average is $53.59.

Etsy (NASDAQ:ETSY - Get Free Report) last posted 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 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 firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. On average, sell-side analysts expect that Etsy, Inc. will post 2.57 EPS for the current year.

Etsy Company 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.