Brooklyn FI LLC Takes $5.23 Million Position in Etsy, Inc. (NASDAQ:ETSY)

Brooklyn FI LLC purchased a new position in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 98,140 shares of the specialty retailer's stock, valued at approximately $5,229,000. Brooklyn FI LLC owned 0.09% of Etsy as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. DJE Kapital AG acquired a new position in shares of Etsy in the fourth quarter valued at approximately $983,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Etsy by 12.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer's stock valued at $59,820,000 after purchasing an additional 122,126 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Etsy in the fourth quarter valued at approximately $492,000. Natixis Advisors LLC acquired a new position in shares of Etsy in the fourth quarter valued at approximately $606,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Etsy in the fourth quarter valued at approximately $751,000. Institutional investors and hedge funds own 99.53% of the company's stock.

Etsy Stock Performance

NASDAQ ETSY traded up $1.74 during trading hours on Friday, hitting $54.73. 7,236,819 shares of the company's stock were exchanged, compared to its average volume of 3,979,262. The business's 50 day moving average is $46.15 and its 200-day moving average is $50.66. Etsy, Inc. has a 12-month low of $40.05 and a 12-month high of $66.93. The firm has a market capitalization of $5.71 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.57 and a beta of 1.78.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $60.00 price target on shares of Etsy in a research note on Wednesday, April 30th. Barclays decreased their price target on Etsy from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Citigroup decreased their price target on Etsy from $53.00 to $48.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their target price on Etsy from $50.00 to $42.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased their target price on Etsy from $35.00 to $31.00 and set a "sell" rating on the stock in a research report on Thursday, May 1st. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Etsy has an average rating of "Hold" and a consensus target price of $50.14.

Insider Activity

In other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction 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 sale, the insider now owns 592 shares of the company's stock, valued at $28,593.60. The trade was a 70.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Richard Edward Colburn III sold 2,350 shares of Etsy stock in a transaction on Friday, May 16th. The shares were sold at an average price of $47.01, for a total value of $110,473.50. Following 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 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 currently owned by corporate insiders.

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.