Etsy, Inc. (NASDAQ:ETSY) Holdings Cut by Schroder Investment Management Group

Schroder Investment Management Group decreased its position in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) by 94.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 44,745 shares of the specialty retailer's stock after selling 710,098 shares during the period. Schroder Investment Management Group's holdings in Etsy were worth $2,409,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ETSY. Jacobs Levy Equity Management Inc. lifted its stake in shares of Etsy by 146.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 22,876 shares of the specialty retailer's stock worth $1,270,000 after purchasing an additional 13,577 shares during the period. Investment Management Corp of Ontario purchased a new position in Etsy during the third quarter worth about $345,000. Quarry LP boosted its stake in Etsy by 120.4% in the 3rd quarter. Quarry LP now owns 1,953 shares of the specialty retailer's stock worth $108,000 after buying an additional 1,067 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Etsy by 354.9% in the 3rd quarter. Quantinno Capital Management LP now owns 50,425 shares of the specialty retailer's stock valued at $2,800,000 after buying an additional 39,340 shares during the period. Finally, Two Sigma Advisers LP increased its stake in shares of Etsy by 558.7% during the 3rd quarter. Two Sigma Advisers LP now owns 216,700 shares of the specialty retailer's stock valued at $12,033,000 after acquiring an additional 183,800 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company's stock.

Analyst Ratings Changes

ETSY has been the subject of a number of recent analyst reports. Bank of America lowered their target price on shares of Etsy from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday. Cantor Fitzgerald dropped their price objective on Etsy from $46.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft lowered Etsy to a "hold" rating and cut their target price for the stock from $45.00 to $43.00 in a research report on Wednesday, February 12th. UBS Group dropped their price target on Etsy from $54.00 to $46.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Stifel Nicolaus cut their price objective on Etsy from $56.00 to $51.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Etsy currently has an average rating of "Hold" and a consensus target price of $56.71.

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Insider Activity

In related news, insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $55.34, for a total value of $83,010.00. Following the completion of the sale, the insider now directly 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 through this link. Also, insider Toni Thompson Nadal sold 1,444 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total value of $69,745.20. Following the transaction, the insider now directly owns 592 shares in the company, valued at approximately $28,593.60. This represents a 70.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,952 shares of company stock worth $2,554,620. 2.60% of the stock is currently owned by corporate insiders.

Etsy Stock Up 0.0 %

Shares of ETSY traded up $0.02 during trading on Friday, reaching $43.60. The company's stock had a trading volume of 3,353,881 shares, compared to its average volume of 3,807,877. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 2.57 and a beta of 2.15. The company has a fifty day moving average of $48.78 and a two-hundred day moving average of $51.89. Etsy, Inc. has a twelve month low of $40.05 and a twelve month high of $71.72.

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