Gotham Asset Management LLC Has $13.01 Million Stock Holdings in Etsy, Inc. (NASDAQ:ETSY)

Gotham Asset Management LLC boosted its position in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 133.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 245,881 shares of the specialty retailer's stock after purchasing an additional 140,475 shares during the period. Gotham Asset Management LLC owned about 0.22% of Etsy worth $13,005,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of ETSY. DJE Kapital AG acquired a new stake in shares of Etsy in the fourth quarter valued at approximately $983,000. Charles Schwab Investment Management Inc. boosted its position in Etsy by 12.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,131,020 shares of the specialty retailer's stock worth $59,820,000 after purchasing an additional 122,126 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Etsy by 313.1% in the third quarter. Principal Financial Group Inc. now owns 542,505 shares of the specialty retailer's stock valued at $30,125,000 after purchasing an additional 411,165 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Etsy in the fourth quarter valued at about $492,000. Finally, Natixis Advisors LLC acquired a new stake in shares of Etsy during the 4th quarter worth about $606,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ETSY has been the topic of several research analyst reports. B. Riley lowered their price target on shares of Etsy from $62.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Piper Sandler reduced their price target on Etsy from $52.00 to $40.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Cantor Fitzgerald increased their price objective on Etsy from $42.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Morgan Stanley reduced their target price on shares of Etsy from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Finally, UBS Group lowered their price target 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. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $50.14.

Insiders Place Their Bets

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $50.48, for a total value of $75,720.00. Following the sale, the insider now owns 20,698 shares in the company, valued at approximately $1,044,835.04. The trade was a 6.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $43.09, for a total value of $933,587.94. Following the completion of the transaction, the chief executive officer now directly owns 53,484 shares in the company, valued at approximately $2,304,625.56. This represents a 28.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,618 shares of company stock valued at $3,469,803 in the last ninety days. 2.60% of the stock is currently owned by insiders.

Etsy Stock Performance

NASDAQ ETSY opened at $46.94 on Friday. The firm's fifty day moving average price is $45.44 and its two-hundred day moving average price is $50.94. The stock has a market cap of $4.89 billion, a PE ratio of 19.81, a PEG ratio of 2.57 and a beta of 1.78. Etsy, Inc. has a fifty-two week low of $40.05 and a fifty-two week high of $66.93.

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

Etsy 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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