Kera Capital Partners Inc. Buys New Shares in Etsy, Inc. (NASDAQ:ETSY)

Kera Capital Partners Inc. bought a new position in Etsy, Inc. (NASDAQ:ETSY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,904 shares of the specialty retailer's stock, valued at approximately $231,000.

Several other large investors also recently added to or reduced their stakes in ETSY. Geneos Wealth Management Inc. boosted its holdings in shares of Etsy by 1,298.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,931 shares of the specialty retailer's stock worth $208,000 after buying an additional 3,650 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Etsy by 74.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 447,128 shares of the specialty retailer's stock valued at $23,649,000 after acquiring an additional 190,294 shares during the period. Gagnon Securities LLC boosted its holdings in Etsy by 7.9% during the fourth 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 period. DAVENPORT & Co LLC boosted its holdings in Etsy by 12.1% during the fourth quarter. DAVENPORT & Co LLC now owns 1,748,008 shares of the specialty retailer's stock valued at $92,452,000 after acquiring an additional 188,386 shares during the period. Finally, Lecap Asset Management Ltd. boosted its holdings in Etsy by 193.5% during the fourth quarter. Lecap Asset Management Ltd. now owns 52,424 shares of the specialty retailer's stock valued at $2,773,000 after acquiring an additional 34,565 shares during the period. 99.53% of the stock is owned by institutional investors.

Insider Activity at Etsy

In other news, insider Nicholas Daniel sold 1,500 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $50.48, for a total transaction of $75,720.00. Following the sale, the insider now owns 20,698 shares of the company's stock, valued at $1,044,835.04. This trade represents a 6.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Josh Silverman sold 21,666 shares of the firm's 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 sale, the chief executive officer now directly owns 31,818 shares in the company, valued at approximately $1,534,582.14. This represents a 40.51% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,752 shares of company stock worth $2,473,662. 2.60% of the stock is owned by insiders.

Etsy Price Performance

Shares of ETSY stock traded up $1.74 on Friday, reaching $54.73. 7,236,819 shares of the stock were exchanged, compared to its average volume of 3,978,261. The stock has a market cap of $5.71 billion, a PE ratio of 23.09, a P/E/G ratio of 2.57 and a beta of 1.78. Etsy, Inc. has a one year low of $40.05 and a one year high of $66.93. The stock has a 50 day moving average price of $46.15 and a 200 day moving average price of $50.64.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its quarterly 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 period last year, the firm earned $0.48 earnings per share. On average, research analysts expect that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ETSY has been the subject of several research reports. Bank of America reduced their price objective on Etsy from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Evercore ISI reduced their price target on shares of Etsy from $60.00 to $54.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Piper Sandler reduced their price target on shares of Etsy from $52.00 to $40.00 and set a "neutral" rating for the company in a report on Friday, April 11th. UBS Group reduced their target price on shares of Etsy from $46.00 to $45.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group reduced their target price on shares of Etsy from $35.00 to $31.00 and set a "sell" rating for the company in a research note on Thursday, May 1st. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.14.

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.