Janus Henderson Group PLC Boosts Stock Position in Etsy, Inc. (NASDAQ:ETSY)

Janus Henderson Group PLC raised its stake in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 492,890 shares of the specialty retailer's stock after acquiring an additional 10,628 shares during the period. Janus Henderson Group PLC owned approximately 0.44% of Etsy worth $26,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ETSY. Lindbrook Capital LLC raised its stake in shares of Etsy by 55.7% during the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock worth $27,000 after buying an additional 181 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of Etsy during the 4th quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Etsy during the 4th quarter worth approximately $34,000. Summit Securities Group LLC purchased a new position in shares of Etsy during the 4th quarter worth approximately $37,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Etsy during the 4th quarter worth approximately $38,000. 99.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Etsy

In other news, CAO Merilee Buckley sold 1,676 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $48.40, for a total transaction of $81,118.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction on Monday, February 24th. The shares were sold at an average price of $52.05, for a total value of $1,127,715.30. Following the completion of the transaction, the chief executive officer now owns 5,004 shares in the company, valued at $260,458.20. The trade was a 81.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,618 shares of company stock worth $3,469,803 over the last quarter. 2.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ETSY has been the subject of a number of analyst reports. Truist Financial cut their target price on Etsy from $70.00 to $67.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Loop Capital lowered their price target on Etsy from $40.00 to $37.00 and set a "sell" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus lowered their price target on Etsy from $51.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. B. Riley lowered their price target on Etsy from $62.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Wells Fargo & Company lowered their price target on Etsy from $46.00 to $40.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Four investment 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. Based on data from MarketBeat.com, Etsy presently has a consensus rating of "Hold" and a consensus price target of $50.14.

Etsy Stock Up 0.1%

ETSY stock opened at $47.00 on Friday. Etsy, Inc. has a 52-week low of $40.05 and a 52-week high of $66.93. The stock's fifty day simple moving average is $45.36 and its 200-day simple moving average is $50.88. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The business had revenue of $651.18 million for the quarter, compared to analyst estimates of $642.22 million. During the same quarter last year, the business earned $0.48 EPS. Etsy's revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts anticipate that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

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.

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