Wealth Enhancement Advisory Services LLC Acquires 9,718 Shares of Etsy, Inc. (NASDAQ:ETSY)

Wealth Enhancement Advisory Services LLC boosted its holdings in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 125.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,453 shares of the specialty retailer's stock after purchasing an additional 9,718 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Etsy were worth $923,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Empowered Funds LLC bought a new position in shares of Etsy in the fourth quarter valued at approximately $329,000. Savant Capital LLC bought a new position in Etsy during the 4th quarter valued at $1,284,000. Bristlecone Advisors LLC boosted its holdings in Etsy by 164.7% during the 4th quarter. Bristlecone Advisors LLC now owns 21,489 shares of the specialty retailer's stock worth $1,137,000 after acquiring an additional 13,370 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of 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. Finally, Vontobel Holding Ltd. lifted its position in shares of Etsy by 2.6% during the fourth quarter. Vontobel Holding Ltd. now owns 70,083 shares of the specialty retailer's stock valued at $3,707,000 after purchasing an additional 1,777 shares in the last quarter. Institutional investors and hedge funds own 99.53% of the company's stock.

Etsy Stock Performance

ETSY traded down $1.63 during trading on Wednesday, reaching $60.20. The stock had a trading volume of 6,210,406 shares, compared to its average volume of 4,104,625. The business has a 50-day moving average of $48.11 and a 200-day moving average of $51.17. Etsy, Inc. has a one year low of $40.05 and a one year high of $66.90. The stock has a market cap of $6.28 billion, a PE ratio of 25.40, a PEG ratio of 2.57 and a beta of 1.80.

Etsy (NASDAQ:ETSY - Get Free Report) last announced its quarterly earnings data 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 10.80% and a negative return on equity of 46.62%. The business had revenue of $651.18 million during the quarter, compared to analysts' expectations of $642.22 million. During the same period last year, the company posted $0.48 EPS. Etsy's revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts forecast that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ETSY. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on shares of Etsy and gave the company a "hold" rating in a research note on Monday, April 14th. Citigroup decreased their target price on Etsy from $53.00 to $48.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Arete downgraded shares of Etsy from a "neutral" rating to a "sell" rating and set a $43.00 price target on the stock. in a report on Wednesday. Bank of America decreased their price objective on shares of Etsy from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, B. Riley dropped their target price on shares of Etsy from $62.00 to $55.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Five 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $50.17.

Insider Activity

In other Etsy news, CAO Merilee Buckley sold 1,676 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $48.40, for a total value of $81,118.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $48.24, for a total value of $72,360.00. Following the transaction, the insider now directly owns 34,822 shares in the company, valued at $1,679,813.28. This trade represents a 4.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 205,418 shares of company stock valued at $11,234,192. Insiders own 2.80% of the company's stock.

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.