Ensign Peak Advisors Inc Trims Stake in Etsy, Inc. (NASDAQ:ETSY)

Ensign Peak Advisors Inc trimmed its stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,365 shares of the specialty retailer's stock after selling 18,168 shares during the period. Ensign Peak Advisors Inc owned approximately 0.07% of Etsy worth $4,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lindbrook Capital LLC lifted its position in Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock worth $27,000 after buying an additional 181 shares during the last quarter. Hurley Capital LLC bought a new position in Etsy during the fourth quarter valued at approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Etsy during the fourth quarter worth approximately $34,000. Summit Securities Group LLC purchased a new stake in shares of Etsy in the 4th quarter valued at $37,000. Finally, Kestra Investment Management LLC bought a new position in shares of Etsy during the 4th quarter valued at $38,000. 99.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ETSY shares. Truist Financial cut their price target on shares of Etsy from $70.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft set a $40.00 target price on Etsy and gave the company a "hold" rating in a report on Monday, April 14th. B. Riley decreased their price target on Etsy from $62.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Citigroup dropped their price objective on Etsy from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Barclays decreased their target price on shares of Etsy from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $50.14.

Insider Activity

In other Etsy news, CEO Josh Silverman sold 21,666 shares of Etsy 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 completion of the sale, the chief executive officer now owns 5,004 shares of the company's stock, valued at approximately $260,458.20. The trade was a 81.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Toni Thompson Nadal sold 1,444 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total value of $69,745.20. Following the completion of the transaction, the insider now owns 592 shares in the company, valued at approximately $28,593.60. This trade represents a 70.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,418 shares of company stock valued at $3,601,377 in the last 90 days. 2.60% of the stock is currently owned by insiders.

Etsy Stock Performance

Shares of ETSY traded up $0.54 on Tuesday, hitting $47.57. 844,687 shares of the stock traded hands, compared to its average volume of 3,881,868. Etsy, Inc. has a one year low of $40.05 and a one year high of $66.93. The company has a market capitalization of $4.96 billion, a PE ratio of 20.08, a P/E/G ratio of 2.57 and a beta of 1.78. The business has a 50 day simple moving average of $45.41 and a 200 day simple moving average of $50.85.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04). Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The business had revenue of $651.18 million during the quarter, compared to the consensus estimate of $642.22 million. During the same period in the previous year, the business posted $0.48 EPS. The firm's revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts expect that Etsy, Inc. will post 2.57 earnings per share for the current year.

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.