Captrust Financial Advisors Invests $362,000 in Etsy, Inc. (NASDAQ:ETSY)

Captrust Financial Advisors purchased a new stake in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,840 shares of the specialty retailer's stock, valued at approximately $362,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Etsy by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 12,309,622 shares of the specialty retailer's stock valued at $651,056,000 after acquiring an additional 56,772 shares during the last quarter. Renaissance Technologies LLC raised its stake in Etsy by 4.5% during the fourth quarter. Renaissance Technologies LLC now owns 5,421,641 shares of the specialty retailer's stock valued at $286,751,000 after purchasing an additional 235,550 shares in the last quarter. Van ECK Associates Corp lifted its position in Etsy by 17.4% during the fourth quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer's stock valued at $186,583,000 after purchasing an additional 522,111 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Etsy by 12.1% in the 4th quarter. DAVENPORT & Co LLC now owns 1,748,008 shares of the specialty retailer's stock worth $92,452,000 after buying an additional 188,386 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Etsy in the 4th quarter worth about $74,235,000. Hedge funds and other institutional investors own 99.53% of the company's stock.

Insider Buying and Selling

In related news, CEO Josh Silverman sold 21,666 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the transaction, the chief executive officer now directly owns 5,004 shares in the company, valued at $260,458.20. The trade was a 81.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $50.48, for a total value of $75,720.00. Following the transaction, the insider now directly owns 20,698 shares in the company, valued at $1,044,835.04. This represents a 6.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,418 shares of company stock worth $3,601,377 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group dropped their price target on Etsy from $46.00 to $45.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. B. Riley cut their target price on Etsy from $62.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Barclays decreased their price target on Etsy from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Cantor Fitzgerald lifted their price objective on shares of Etsy from $42.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company cut their price objective on shares of Etsy from $46.00 to $40.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $50.14.

Etsy Stock Performance

NASDAQ:ETSY opened at $47.03 on Tuesday. The firm has a 50-day simple moving average of $45.41 and a 200-day simple moving average of $50.85. Etsy, Inc. has a one year low of $40.05 and a one year high of $66.93. The firm has a market cap of $4.90 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.57 and a beta of 1.78.

Etsy (NASDAQ:ETSY - Get Free Report) last posted 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 company 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 firm's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. On average, research analysts predict that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

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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