Etsy, Inc. (NASDAQ:ETSY) Stock Holdings Increased by Profund Advisors LLC

Profund Advisors LLC lifted its holdings in Etsy, Inc. (NASDAQ:ETSYFree Report) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,918 shares of the specialty retailer’s stock after purchasing an additional 1,644 shares during the quarter. Profund Advisors LLC’s holdings in Etsy were worth $1,327,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of ETSY. OLD Mission Capital LLC bought a new position in Etsy in the 4th quarter valued at about $25,000. Valley National Advisers Inc. increased its stake in shares of Etsy by 129.5% during the first quarter. Valley National Advisers Inc. now owns 257 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 145 shares during the period. Spire Wealth Management raised its holdings in Etsy by 184.1% during the first quarter. Spire Wealth Management now owns 233 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 151 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in Etsy in the fourth quarter worth approximately $28,000. Finally, ICA Group Wealth Management LLC acquired a new stake in Etsy in the fourth quarter worth approximately $28,000. 92.98% of the stock is owned by institutional investors and hedge funds.

Etsy Trading Down 0.1 %

Shares of NASDAQ:ETSY opened at $74.32 on Thursday. The stock has a market capitalization of $9.14 billion, a PE ratio of -12.66, a P/E/G ratio of 3.67 and a beta of 2.00. Etsy, Inc. has a 1 year low of $71.28 and a 1 year high of $149.91. The firm has a fifty day moving average price of $85.81 and a 200 day moving average price of $97.14.

Etsy (NASDAQ:ETSYGet Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.42. Etsy had a negative return on equity of 69.10% and a negative net margin of 26.84%. The company had revenue of $628.88 million during the quarter, compared to the consensus estimate of $621.87 million. On average, sell-side analysts forecast that Etsy, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Piper Sandler dropped their target price on shares of Etsy from $140.00 to $126.00 and set an “overweight” rating on the stock in a report on Thursday, August 3rd. Loop Capital cut their price objective on Etsy from $105.00 to $100.00 in a research report on Thursday, June 22nd. Barclays decreased their target price on Etsy from $100.00 to $98.00 in a report on Thursday, May 4th. Sanford C. Bernstein downgraded Etsy from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $120.00 to $105.00 in a report on Thursday, August 3rd. Finally, Truist Financial lifted their price target on Etsy from $120.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $118.43.

View Our Latest Analysis on Etsy

Insider Buying and Selling

In related news, CEO Josh Silverman sold 20,850 shares of Etsy stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $95.33, for a total value of $1,987,630.50. Following the transaction, the chief executive officer now owns 14,674 shares in the company, valued at approximately $1,398,872.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Marla J. Blow sold 600 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $73.11, for a total value of $43,866.00. Following the completion of the sale, the director now directly owns 3,289 shares of the company’s stock, valued at $240,458.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Josh Silverman sold 20,850 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $95.33, for a total transaction of $1,987,630.50. Following the completion of the sale, the chief executive officer now owns 14,674 shares in the company, valued at approximately $1,398,872.42. The disclosure for this sale can be found here. In the last three months, insiders sold 85,998 shares of company stock valued at $8,014,974. Company insiders own 2.60% of the company’s stock.

Etsy Profile

(Free Report)

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, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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