Etsy, Inc. (NASDAQ:ETSY) Stake Increased by JBGlobal.com LLC

JBGlobal.com LLC increased its stake in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) by 68.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,837 shares of the specialty retailer's stock after purchasing an additional 5,206 shares during the quarter. Etsy accounts for 0.6% of JBGlobal.com LLC's holdings, making the stock its 14th biggest holding. JBGlobal.com LLC's holdings in Etsy were worth $606,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ETSY. Norges Bank purchased a new position in shares of Etsy during the fourth quarter valued at approximately $74,235,000. Victory Capital Management Inc. increased its stake in Etsy by 703.8% in the 4th quarter. Victory Capital Management Inc. now owns 812,671 shares of the specialty retailer's stock worth $42,982,000 after buying an additional 711,572 shares during the period. Van ECK Associates Corp grew its stake in Etsy by 17.4% in the 4th quarter. Van ECK Associates Corp now owns 3,527,742 shares of the specialty retailer's stock worth $186,583,000 after acquiring an additional 522,111 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Etsy by 89.1% during the fourth quarter. AQR Capital Management LLC now owns 889,438 shares of the specialty retailer's stock valued at $47,042,000 after acquiring an additional 419,038 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in Etsy during the 4th quarter worth $19,412,000. 99.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Etsy news, CAO Merilee Buckley sold 1,676 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $48.40, for a total transaction of $81,118.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $48.24, for a total value of $72,360.00. Following the sale, the insider now owns 34,822 shares of the company's stock, valued at approximately $1,679,813.28. This represents a 4.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,252 shares of company stock valued at $2,397,942 over the last quarter. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ETSY. JPMorgan Chase & Co. raised their price target on shares of Etsy from $42.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday. The Goldman Sachs Group lowered their price objective on Etsy from $35.00 to $31.00 and set a "sell" rating for the company in a research report on Thursday, May 1st. Evercore ISI decreased their price target on Etsy from $60.00 to $54.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Stifel Nicolaus dropped their price target on Etsy from $51.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Finally, Citigroup lowered their price objective on shares of Etsy from $53.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Four 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $50.50.

Etsy Price Performance

Shares of NASDAQ ETSY traded up $1.35 during midday trading on Wednesday, hitting $61.55. 7,089,182 shares of the company's stock were exchanged, compared to its average volume of 4,024,189. The firm's fifty day simple moving average is $46.66 and its 200-day simple moving average is $50.77. Etsy, Inc. has a twelve month low of $40.05 and a twelve month high of $66.93. The company has a market cap of $6.42 billion, a PE ratio of 25.97, a P/E/G ratio of 2.57 and a beta of 1.78.

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

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.