4,920 Shares in Etsy, Inc. (NASDAQ:ETSY) Acquired by Praxis Investment Management Inc.

Praxis Investment Management Inc. acquired a new stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,920 shares of the specialty retailer's stock, valued at approximately $232,000.

A number of other large investors also recently bought and sold shares of ETSY. Versant Capital Management Inc increased its stake in shares of Etsy by 1,066.3% during the first quarter. Versant Capital Management Inc now owns 9,622 shares of the specialty retailer's stock worth $454,000 after acquiring an additional 8,797 shares during the period. DJE Kapital AG acquired a new position in Etsy during the fourth quarter worth $983,000. Charles Schwab Investment Management Inc. increased its position 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 buying an additional 122,126 shares in the last quarter. Brooklyn FI LLC purchased a new stake in shares of Etsy in the 4th quarter worth about $5,229,000. Finally, JBGlobal.com LLC grew its stake in Etsy by 68.2% in the 1st quarter. JBGlobal.com LLC now owns 12,837 shares of the specialty retailer's stock valued at $606,000 after acquiring an additional 5,206 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.

Etsy Price Performance

NASDAQ ETSY traded up $0.01 during trading hours on Friday, hitting $50.64. The company had a trading volume of 5,892,067 shares, compared to its average volume of 4,267,831. The firm's 50 day moving average is $50.96 and its 200 day moving average is $51.11. Etsy, Inc. has a fifty-two week low of $40.05 and a fifty-two week high of $66.81. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 36.17, a P/E/G ratio of 2.92 and a beta of 1.80.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04). Etsy had a net margin of 6.69% and a negative return on equity of 39.60%. The company had revenue of $651.18 million during the quarter, compared to analyst estimates of $642.22 million. During the same quarter last year, the business posted $0.48 EPS. Etsy's quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that Etsy, Inc. will post 2.57 EPS for the current year.

Analysts Set New Price Targets

ETSY has been the topic of several recent research reports. Cantor Fitzgerald upped their price target on shares of Etsy from $42.00 to $47.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Barclays reduced their target price 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. JPMorgan Chase & Co. upped their price objective on Etsy from $42.00 to $50.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Arete cut Etsy from a "neutral" rating to a "sell" rating and set a $43.00 price objective for the company. in a research report on Wednesday, June 11th. Finally, Canaccord Genuity Group cut their target price on shares of Etsy from $76.00 to $72.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Six investment 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, the stock has an average rating of "Hold" and an average target price of $49.87.

Insider Buying and Selling

In other news, CEO Josh Silverman sold 151,666 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $57.68, for a total transaction of $8,748,094.88. Following the sale, the chief executive officer now directly owns 107,809 shares in the company, valued at approximately $6,218,423.12. This represents a 58.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $58.77, for a total value of $88,155.00. Following the transaction, the insider now owns 31,822 shares of the company's stock, valued at $1,870,178.94. This represents a 4.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 205,418 shares of company stock worth $11,234,192. Corporate insiders own 2.80% of the company's stock.

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.