Etsy, Inc. (NASDAQ:ETSY) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its stake in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,437 shares of the specialty retailer's stock after buying an additional 8,804 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.06% of Etsy worth $3,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its stake in shares of Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. Larson Financial Group LLC raised its stake in Etsy by 8.7% during the fourth quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer's stock valued at $144,000 after buying an additional 218 shares in the last quarter. Heron Bay Capital Management lifted its holdings in Etsy by 1.3% during the 4th quarter. Heron Bay Capital Management now owns 20,260 shares of the specialty retailer's stock worth $1,072,000 after buying an additional 258 shares during the last quarter. Denver PWM LLC grew its position in shares of Etsy by 36.1% in the 4th quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer's stock worth $58,000 after acquiring an additional 289 shares in the last quarter. Finally, Gagnon Securities LLC increased its holdings in shares of Etsy by 7.9% in the 4th quarter. Gagnon Securities LLC now owns 5,148 shares of the specialty retailer's stock valued at $272,000 after acquiring an additional 376 shares during the last quarter. 99.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on ETSY shares. Stifel Nicolaus lowered their target price on shares of Etsy from $51.00 to $45.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Canaccord Genuity Group dropped their price objective on shares of Etsy from $76.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. decreased their target price on Etsy from $50.00 to $42.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley dropped their price target on Etsy from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Thursday. Finally, B. Riley reduced their price objective on Etsy from $62.00 to $55.00 and set a "buy" rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, Etsy presently has a consensus rating of "Hold" and a consensus price target of $50.14.

Etsy Trading Up 4.2 %

NASDAQ:ETSY opened at $44.30 on Monday. The company has a 50-day moving average of $45.88 and a 200-day moving average of $51.10. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 18.69, a price-to-earnings-growth ratio of 2.57 and a beta of 1.78. Etsy, Inc. has a twelve month low of $40.05 and a twelve month high of $66.93.

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

Insider Buying and Selling

In related news, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $48.23, for a total value of $1,044,951.18. Following the transaction, the chief executive officer now owns 31,818 shares of the company's stock, valued at approximately $1,534,582.14. This trade represents a 40.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $48.30, for a total transaction of $69,745.20. Following the completion of the transaction, the insider now directly 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 49,452 shares of company stock worth $2,471,610 in the last three months. 2.60% of the stock is currently owned by insiders.

Etsy 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.

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