Etsy, Inc. (NASDAQ:ETSY) Stock Holdings Lifted by Headlands Technologies LLC

Headlands Technologies LLC lifted its holdings in shares of Etsy, Inc. (NASDAQ:ETSY) by 341.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,863 shares of the specialty retailer’s stock after purchasing an additional 2,215 shares during the quarter. Headlands Technologies LLC’s holdings in Etsy were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Lindbrook Capital LLC boosted its stake 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 acquiring an additional 181 shares during the period. Summit Securities Group LLC acquired a new position in Etsy during the 4th quarter valued at approximately $37,000. Kestra Investment Management LLC acquired a new position in Etsy during the 4th quarter valued at approximately $38,000. Versant Capital Management Inc grew its stake in Etsy by 153.1% during the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock worth $44,000 after buying an additional 499 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Etsy by 95.1% in 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. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Etsy in a research report on Wednesday, March 19th. They set a “neutral” rating and a $50.00 price target for the company. Loop Capital decreased their target price on shares of Etsy from $45.00 to $40.00 and set a “sell” rating for the company in a research report on Thursday, February 20th. Cantor Fitzgerald cut their price target on Etsy from $46.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on Etsy from $47.00 to $46.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Stifel Nicolaus cut 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. Four research 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 data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $58.38.

Etsy Stock Down 8.2 %

Shares of NASDAQ:ETSY opened at $44.42 on Friday. The company’s fifty day moving average is $50.45 and its two-hundred day moving average is $52.43. The company has a market cap of $4.76 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 2.57 and a beta of 2.15. Etsy, Inc. has a 12-month low of $43.43 and a 12-month high of $71.72.

Etsy (NASDAQ:ETSY) last released its 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 during the quarter, compared to the consensus estimate of $861.37 million. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that Etsy, Inc. will post 2.57 earnings per share for the current year.

Insider Activity at Etsy

In other news, CEO Josh Silverman sold 21,666 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the completion of the sale, the chief executive officer now directly owns 5,004 shares of the company’s stock, valued at $260,458.20. This trade represents a 81.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Merilee Buckley sold 1,676 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $48.40, for a total value of $81,118.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,952 shares of company stock valued at $2,554,620. Insiders own 2.60% of the company’s stock.

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.