Etsy, Inc. (NASDAQ:ETSY) Position Cut by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its holdings in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 14.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,348 shares of the specialty retailer's stock after selling 12,927 shares during the quarter. Trillium Asset Management LLC owned approximately 0.07% of Etsy worth $4,038,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 181 shares during the period. Larson Financial Group LLC grew its stake in shares of Etsy by 8.7% during the 4th quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer's stock valued at $144,000 after buying an additional 218 shares during the period. Denver PWM LLC increased its holdings in shares of Etsy by 36.1% during the 4th quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer's stock worth $58,000 after buying an additional 289 shares during the last quarter. Gagnon Securities LLC raised its position in shares of Etsy by 7.9% in the 4th quarter. Gagnon Securities LLC now owns 5,148 shares of the specialty retailer's stock worth $272,000 after buying an additional 376 shares during the period. Finally, M&T Bank Corp boosted its holdings in Etsy by 7.3% in the fourth quarter. M&T Bank Corp now owns 6,009 shares of the specialty retailer's stock valued at $318,000 after acquiring an additional 409 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have commented on the company. Needham & Company LLC restated a "buy" rating and set a $60.00 price target on shares of Etsy in a research note on Thursday, February 20th. Stifel Nicolaus dropped their target price on shares of Etsy from $56.00 to $51.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Moffett Nathanson lifted their price target on shares of Etsy from $60.00 to $61.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. UBS Group dropped their price objective on shares of Etsy from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Finally, Truist Financial reduced their target price on shares of Etsy from $70.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Etsy has a consensus rating of "Hold" and a consensus target price of $58.42.

Insiders Place Their Bets

In other Etsy news, 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 sale, the chief executive officer now directly owns 5,004 shares in the company, valued at approximately $260,458.20. This trade represents a 81.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total transaction of $75,720.00. Following the transaction, the insider now directly owns 20,698 shares of the company's stock, valued at approximately $1,044,835.04. This trade represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,666 shares of company stock valued at $1,286,445 over the last quarter. Insiders own 2.60% of the company's stock.

Etsy Price Performance

Shares of ETSY stock traded up $0.75 on Monday, hitting $45.86. 4,416,708 shares of the stock traded hands, compared to its average volume of 3,593,156. The company has a market capitalization of $4.91 billion, a PE ratio of 19.35, a PEG ratio of 2.57 and a beta of 2.23. The company's fifty day moving average is $51.57 and its 200 day moving average is $52.86. Etsy, Inc. has a 1-year low of $43.43 and a 1-year 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, topping analysts' consensus estimates of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The company had revenue of $852.16 million for the quarter, compared to the consensus estimate of $861.37 million. During the same period last year, the firm posted $0.62 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that Etsy, Inc. will post 2.57 EPS for the current year.

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.