Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its position in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 107,125 shares of the specialty retailer's stock after selling 11,309 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.10% of Etsy worth $5,666,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC boosted its stake in Etsy by 55.7% during the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 181 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Etsy in the 4th quarter worth approximately $38,000. Versant Capital Management Inc increased its position in Etsy by 153.1% during the 4th 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. raised its stake in Etsy by 95.1% during the fourth quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer's stock valued at $46,000 after buying an additional 426 shares during the last quarter. Finally, Denver PWM LLC grew its stake in shares of Etsy by 36.1% in the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer's stock worth $58,000 after acquiring an additional 289 shares during the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several analysts have commented on ETSY shares. Jefferies Financial Group upgraded Etsy from an "underperform" rating to a "hold" rating and increased their target price for the company from $45.00 to $55.00 in a research note on Monday, January 13th. UBS Group dropped their price target on shares of Etsy from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus decreased their price objective on shares of Etsy from $56.00 to $51.00 and set a "hold" rating for the company in a report on Thursday, February 20th. JMP Securities restated a "market perform" rating on shares of Etsy in a report on Monday, December 16th. Finally, Loop Capital lowered their price target on Etsy from $45.00 to $40.00 and set a "sell" rating on the stock in a report on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Etsy presently has a consensus rating of "Hold" and an average price target of $58.42.

Etsy Stock Up 4.3 %

ETSY traded up $1.96 during trading on Tuesday, reaching $47.82. The company had a trading volume of 4,491,591 shares, compared to its average volume of 3,589,961. Etsy, Inc. has a 52 week low of $43.43 and a 52 week high of $71.72. The business has a 50 day simple moving average of $51.41 and a 200-day simple moving average of $52.79. The stock has a market cap of $5.12 billion, a P/E ratio of 20.18, a PEG ratio of 2.57 and a beta of 2.23.

Etsy (NASDAQ:ETSY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. During the same quarter last year, the firm earned $0.62 earnings per share. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Insider Transactions at Etsy

In other news, CEO Josh Silverman sold 21,666 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 5,004 shares in the company, valued at approximately $260,458.20. The trade was a 81.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total transaction of $75,720.00. Following the completion of the transaction, the insider now directly owns 20,698 shares of the company's stock, valued at $1,044,835.04. This trade represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,666 shares of company stock worth $1,286,445. 2.60% of the stock is currently owned by insiders.

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.