Alamea Verwaltungs GmbH Takes $340,000 Position in Etsy, Inc. $ETSY

Key Points

• Alamea Verwaltungs GmbH has acquired a new stake in Etsy, Inc. worth approximately $340,000 by purchasing 7,211 shares during the 1st quarter.
• Several institutional investors have significantly increased their holdings in Etsy, with notable increases from Allworth Financial LP (47.6%) and Brooklyn Investment Group (842.2%) in the same quarter.
• Etsy's stock has been rated positively by analysts, with price targets rising with Barclays setting it at $60.00 and Raymond James at $70.00, while the stock's average rating remains at "Hold".

Alamea Verwaltungs GmbH purchased a new stake in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,211 shares of the specialty retailer's stock, valued at approximately $340,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Allworth Financial LP grew its holdings in shares of Etsy by 47.6% during the 1st quarter. Allworth Financial LP now owns 769 shares of the specialty retailer's stock valued at $35,000 after acquiring an additional 248 shares in the last quarter. True Wealth Design LLC grew 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 valued at $29,000 after acquiring an additional 292 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Etsy by 39.4% during the 1st quarter. GAMMA Investing LLC now owns 1,928 shares of the specialty retailer's stock valued at $91,000 after acquiring an additional 545 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Etsy by 842.2% during the 1st quarter. Brooklyn Investment Group now owns 782 shares of the specialty retailer's stock valued at $37,000 after acquiring an additional 699 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Etsy during the 1st quarter valued at $36,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ETSY has been the topic of several research analyst reports. Barclays restated a "positive" rating and set a $60.00 price target (up from $52.00) on shares of Etsy in a report on Thursday, July 31st. Cantor Fitzgerald upped their price objective on shares of Etsy from $52.00 to $64.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Stifel Nicolaus upped their price objective on shares of Etsy from $45.00 to $66.00 and gave the stock a "hold" rating in a report on Tuesday, July 29th. Morgan Stanley upped their price objective on shares of Etsy from $50.00 to $54.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Raymond James Financial upped their price objective on shares of Etsy from $50.00 to $70.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Eight investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $57.80.

Etsy Price Performance

ETSY stock opened at $53.01 on Friday. Etsy, Inc. has a 52-week low of $40.05 and a 52-week high of $70.57. The company has a 50-day moving average of $58.45 and a two-hundred day moving average of $52.41. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 42.75, a price-to-earnings-growth ratio of 3.38 and a beta of 1.73.

Etsy (NASDAQ:ETSY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The specialty retailer reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.29). Etsy had a net margin of 5.78% and a negative return on equity of 31.10%. The firm had revenue of $672.66 million for the quarter, compared to the consensus estimate of $645.16 million. During the same quarter last year, the company earned $0.41 earnings per share. The firm's revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Insider Activity at Etsy

In other Etsy news, Director Charles Andrew Ballard sold 2,400 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $62.42, for a total transaction of $149,808.00. Following the completion of the sale, the director directly owned 5,796 shares in the company, valued at $361,786.32. This represents a 29.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merilee Buckley sold 5,817 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $58.83, for a total transaction of $342,214.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 381,482 shares of company stock valued at $23,033,829. 2.80% of the stock is owned by corporate insiders.

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.

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