Long Focus Capital Management LLC Takes $14.81 Million Position in Etsy, Inc. (NASDAQ:ETSY)

Long Focus Capital Management LLC bought a new position in Etsy, Inc. (NASDAQ:ETSY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 280,100 shares of the specialty retailer's stock, valued at approximately $14,814,000. Long Focus Capital Management LLC owned 0.25% of Etsy as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of ETSY. Lindbrook Capital LLC lifted its holdings in shares of Etsy by 55.7% in the 4th quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock worth $27,000 after acquiring an additional 181 shares during the last quarter. Hurley Capital LLC bought a new stake in Etsy in the fourth quarter worth about $32,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Etsy during the fourth quarter valued at approximately $34,000. Summit Securities Group LLC purchased a new stake in shares of Etsy in the fourth quarter worth approximately $37,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Etsy during the 4th quarter worth approximately $38,000. Institutional investors own 99.53% of the company's stock.

Etsy Price Performance

NASDAQ:ETSY traded up $0.23 during midday trading on Monday, hitting $46.09. The company's stock had a trading volume of 1,565,659 shares, compared to its average volume of 3,941,838. Etsy, Inc. has a fifty-two week low of $40.05 and a fifty-two week high of $71.72. The firm's 50 day moving average is $46.64 and its 200-day moving average is $51.32. The firm has a market cap of $4.85 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.57 and a beta of 2.15.

Etsy (NASDAQ:ETSY - Get Free Report) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. As a group, analysts forecast that Etsy, Inc. will post 2.57 EPS for the current year.

Insider Activity at Etsy

In other Etsy news, CAO Merilee Buckley sold 1,676 shares of Etsy stock in a transaction on Thursday, April 3rd. The shares were 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 available at this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the sale, the insider now directly owns 22,198 shares in the company, valued at approximately $1,228,437.32. The trade was a 6.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,952 shares of company stock worth $2,554,620. 2.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ETSY shares. 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. Loop Capital dropped their target price on shares of Etsy from $45.00 to $40.00 and set a "sell" rating on the stock in a research note on Thursday, February 20th. Jefferies Financial Group raised shares of Etsy from an "underperform" rating to a "hold" rating and lifted their price target for the company from $45.00 to $55.00 in a research note on Monday, January 13th. Truist Financial reduced their price objective on Etsy from $70.00 to $67.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on Etsy from $50.00 to $42.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $55.38.

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.