Diversified Trust Co Purchases 6,564 Shares of Etsy, Inc. (NASDAQ:ETSY)

Diversified Trust Co raised its position in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 63.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,829 shares of the specialty retailer's stock after purchasing an additional 6,564 shares during the quarter. Diversified Trust Co's holdings in Etsy were worth $794,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ETSY. Lindbrook Capital LLC grew its stake in shares of Etsy by 55.7% in the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock worth $27,000 after purchasing an additional 181 shares during the last quarter. True Wealth Design LLC grew its position in shares of Etsy by 112.7% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the specialty retailer's stock valued at $29,000 after buying an additional 292 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of Etsy in the 4th quarter valued at about $32,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Etsy during the fourth quarter worth about $34,000. Finally, Summit Securities Group LLC bought a new position in shares of Etsy during the fourth quarter worth about $37,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Etsy

In related news, insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $43.07, for a total transaction of $64,605.00. Following the transaction, the insider now owns 33,322 shares in the company, valued at $1,435,178.54. The trade was a 4.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Josh Silverman sold 21,666 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $48.23, for a total transaction of $1,044,951.18. Following the transaction, the chief executive officer now directly owns 31,818 shares in the company, valued at approximately $1,534,582.14. The trade was a 40.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 205,418 shares of company stock worth $11,234,192. Insiders own 2.80% of the company's stock.

Etsy Trading Up 0.0%

ETSY opened at $50.64 on Monday. The stock has a market capitalization of $5.28 billion, a P/E ratio of 36.17, a PEG ratio of 2.79 and a beta of 1.80. The stock has a 50-day moving average price of $51.09 and a 200-day moving average price of $50.95. Etsy, Inc. has a 12-month low of $40.05 and a 12-month high of $66.81.

Etsy (NASDAQ:ETSY - Get Free Report) last released its 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). Etsy had a net margin of 6.69% and a negative return on equity of 39.60%. The business had revenue of $651.18 million for the quarter, compared to the consensus estimate of $642.22 million. During the same period in the prior year, the business posted $0.48 EPS. Etsy's revenue for the quarter was up .8% on a year-over-year basis. On average, equities research analysts predict that Etsy, Inc. will post 2.57 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ETSY shares. Piper Sandler reduced their price objective on shares of Etsy from $52.00 to $40.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group cut their price target on shares of Etsy from $35.00 to $31.00 and set a "sell" rating on the stock in a research report on Thursday, May 1st. Evercore ISI lowered their price objective on Etsy from $60.00 to $54.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Canaccord Genuity Group dropped their price objective on Etsy from $76.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Truist Financial raised their target price on Etsy from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Etsy currently has an average rating of "Hold" and a consensus target price of $49.87.

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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