CVA Family Office LLC Buys New Position in Etsy, Inc. (NASDAQ:ETSY)

CVA Family Office LLC bought a new stake in Etsy, Inc. (NASDAQ:ETSYFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 330 shares of the specialty retailer’s stock, valued at approximately $27,000.

Several other institutional investors have also added to or reduced their stakes in the stock. First Capital Advisors Group LLC. bought a new position in shares of Etsy during the 2nd quarter worth approximately $25,000. Operose Advisors LLC bought a new position in shares of Etsy during the 3rd quarter worth approximately $28,000. ICA Group Wealth Management LLC bought a new position in shares of Etsy during the 4th quarter worth approximately $28,000. Quarry LP boosted its holdings in shares of Etsy by 121.7% during the 1st quarter. Quarry LP now owns 266 shares of the specialty retailer’s stock worth $30,000 after buying an additional 146 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Etsy by 63.9% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 377 shares of the specialty retailer’s stock worth $32,000 after buying an additional 147 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors.

Etsy Price Performance

Shares of Etsy stock opened at $68.72 on Friday. Etsy, Inc. has a 1 year low of $58.20 and a 1 year high of $114.73. The firm has a market cap of $8.14 billion, a PE ratio of 30.68, a P/E/G ratio of 4.70 and a beta of 2.02. The stock has a fifty day moving average price of $71.23 and a 200-day moving average price of $71.09.

Etsy (NASDAQ:ETSYGet Free Report) last announced its earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. Etsy had a negative return on equity of 70.75% and a net margin of 11.19%. The firm had revenue of $842.32 million during the quarter, compared to analyst estimates of $827.40 million. As a group, equities analysts anticipate that Etsy, Inc. will post 2.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on ETSY shares. The Goldman Sachs Group cut Etsy from a “buy” rating to a “neutral” rating and cut their price target for the stock from $84.00 to $80.00 in a report on Wednesday, January 10th. Truist Financial cut their target price on Etsy from $87.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Raymond James increased their target price on Etsy from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. UBS Group cut their target price on Etsy from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Thursday, February 22nd. Finally, Wells Fargo & Company increased their target price on Etsy from $59.00 to $62.00 and gave the stock an “underweight” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $88.88.

View Our Latest Analysis on ETSY

Insider Transactions at Etsy

In other news, CEO Josh Silverman sold 63,047 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the completion of the transaction, the chief executive officer now owns 23,140 shares in the company, valued at approximately $1,677,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $71.82, for a total transaction of $107,730.00. Following the completion of the sale, the insider now owns 13,138 shares in the company, valued at approximately $943,571.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Josh Silverman sold 63,047 shares of Etsy stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total value of $4,570,907.50. Following the sale, the chief executive officer now owns 23,140 shares of the company’s stock, valued at approximately $1,677,650. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

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, 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.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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