Level Four Advisory Services LLC Has $1.28 Million Stock Position in Etsy, Inc. (NASDAQ:ETSY)

Level Four Advisory Services LLC lessened its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 29.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,241 shares of the specialty retailer’s stock after selling 9,887 shares during the quarter. Level Four Advisory Services LLC’s holdings in Etsy were worth $1,282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. DJE Kapital AG purchased a new stake in shares of Etsy in the 4th quarter valued at approximately $983,000. Charles Schwab Investment Management Inc. boosted its position in shares of Etsy by 12.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer’s stock worth $59,820,000 after buying an additional 122,126 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Etsy by 313.1% during the third quarter. Principal Financial Group Inc. now owns 542,505 shares of the specialty retailer’s stock valued at $30,125,000 after buying an additional 411,165 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Etsy during the 4th quarter valued at about $492,000. Finally, American Capital Advisory LLC increased its holdings in shares of Etsy by 1,204,900.0% in the 4th quarter. American Capital Advisory LLC now owns 12,050 shares of the specialty retailer’s stock valued at $637,000 after purchasing an additional 12,049 shares during the period. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ETSY shares. Cantor Fitzgerald lowered their price objective on shares of Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Citigroup lowered their price target on shares of Etsy from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Loop Capital cut their price objective on Etsy from $45.00 to $40.00 and set a “sell” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus lowered their target price on Etsy from $56.00 to $51.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Finally, Jefferies Financial Group upgraded Etsy from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $45.00 to $55.00 in a report on Monday, January 13th. Four 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $58.42.

Insider Activity at Etsy

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the firm’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 value of $75,720.00. Following the completion of the sale, the insider now owns 20,698 shares in the company, valued at approximately $1,044,835.04. This trade represents a 6.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Josh Silverman sold 21,666 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 5,004 shares in the company, valued at approximately $260,458.20. This represents a 81.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,666 shares of company stock worth $1,286,445. Company insiders own 2.60% of the company’s stock.

Etsy Stock Down 0.5 %

Shares of ETSY stock opened at $46.69 on Friday. Etsy, Inc. has a 12 month low of $43.43 and a 12 month high of $71.72. The firm has a market cap of $5.00 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.57 and a beta of 2.23. The stock has a 50 day moving average of $50.93 and a 200-day moving average of $52.63.

Etsy (NASDAQ:ETSY) last released its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $852.16 million during the quarter, compared to analysts’ expectations of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. As a group, equities analysts predict that Etsy, Inc. will post 2.57 EPS for the current fiscal 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.