111 Capital Buys Shares of 5,853 Etsy, Inc. (NASDAQ:ETSY)

111 Capital acquired a new stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 5,853 shares of the specialty retailer's stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its holdings in shares of Etsy by 55.7% during 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 in the last quarter. True Wealth Design LLC raised its holdings in shares of Etsy by 112.7% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer's stock worth $29,000 after buying an additional 292 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of Etsy during the 4th quarter worth $32,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Etsy during the 4th quarter worth $34,000. Finally, Summit Securities Group LLC acquired a new position in shares of Etsy during the 4th quarter worth $37,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ETSY shares. Bank of America reduced their price target on Etsy from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus dropped their price objective on Etsy from $51.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group dropped their price objective on Etsy from $35.00 to $31.00 and set a "sell" rating on the stock in a research note on Thursday, May 1st. UBS Group dropped their price objective on Etsy from $46.00 to $45.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald boosted their price objective on Etsy from $42.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Etsy currently has a consensus rating of "Hold" and an average target price of $50.14.

Etsy Stock Up 0.9%

Etsy stock traded up $0.54 during mid-day trading on Tuesday, reaching $59.28. 2,321,147 shares of the company's stock were exchanged, compared to its average volume of 4,320,053. Etsy, Inc. has a twelve month low of $40.05 and a twelve month high of $66.93. The company has a fifty day moving average of $46.39 and a 200-day moving average of $50.70. The company has a market cap of $6.18 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.57 and a beta of 1.78.

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

Insiders Place Their Bets

In other Etsy news, CTO Richard Edward Colburn III sold 2,350 shares of the business's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $47.01, for a total transaction of $110,473.50. Following the completion of the sale, the chief technology officer now directly owns 2,896 shares in the company, valued at $136,140.96. The trade was a 44.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $43.07, for a total transaction of $64,605.00. Following the sale, the insider now owns 33,322 shares of the company's stock, valued at approximately $1,435,178.54. This represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,252 shares of company stock worth $2,397,942. Insiders own 2.60% of the company's stock.

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.