Hunter Perkins Capital Management LLC Makes New Investment in Etsy, Inc. (NASDAQ:ETSY)

Hunter Perkins Capital Management LLC bought a new stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,755 shares of the specialty retailer's stock, valued at approximately $649,000.

A number of other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Etsy by 95.1% in the 4th quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer's stock valued at $46,000 after purchasing an additional 426 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Etsy during the 4th quarter worth approximately $324,000. Los Angeles Capital Management LLC acquired a new position in Etsy during the 4th quarter worth approximately $492,000. Proficio Capital Partners LLC purchased a new position in shares of Etsy during the 4th quarter worth approximately $604,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in Etsy during the fourth quarter worth $116,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on ETSY shares. Truist Financial boosted their target price on shares of Etsy from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Arete cut Etsy from a "neutral" rating to a "sell" rating and set a $43.00 price target for the company. in a research report on Wednesday, June 11th. UBS Group decreased their price objective on shares of Etsy from $46.00 to $45.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Piper Sandler dropped their target price on shares of Etsy from $52.00 to $40.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, Barclays dropped their price objective on shares of Etsy from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $49.87.

Etsy Stock Performance

Shares of ETSY stock opened at $50.63 on Friday. The firm has a market capitalization of $5.28 billion, a PE ratio of 36.16, a price-to-earnings-growth ratio of 2.92 and a beta of 1.80. The stock has a fifty day moving average of $50.96 and a two-hundred day moving average of $51.11. Etsy, Inc. has a 1 year low of $40.05 and a 1 year high of $66.81.

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). Etsy had a negative return on equity of 39.60% and a net margin of 6.69%. The firm had revenue of $651.18 million during the quarter, compared to the consensus estimate of $642.22 million. During the same period in the prior year, the firm posted $0.48 EPS. The firm's quarterly revenue was up .8% on a year-over-year basis. Equities research analysts predict that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

Insider Transactions at Etsy

In other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of the business's stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total transaction of $69,745.20. Following the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Josh Silverman sold 151,666 shares of Etsy stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $57.68, for a total value of $8,748,094.88. Following the transaction, the chief executive officer now owns 107,809 shares in the company, valued at $6,218,423.12. This represents a 58.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 205,418 shares of company stock valued at $11,234,192 in the last three months. 2.80% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.