Hussman Strategic Advisors Inc. Reduces Position in Etsy, Inc. (NASDAQ:ETSY)

Hussman Strategic Advisors Inc. trimmed its position in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,500 shares of the specialty retailer's stock after selling 15,700 shares during the period. Hussman Strategic Advisors Inc.'s holdings in Etsy were worth $2,553,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ICA Group Wealth Management LLC bought a new position in Etsy in the 4th quarter valued at $28,000. Quarry LP boosted its holdings in Etsy by 121.7% in the 1st quarter. Quarry LP now owns 266 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 146 shares during the period. First Capital Advisors Group LLC. bought a new stake in shares of Etsy during the 2nd quarter worth $25,000. CVA Family Office LLC bought a new stake in shares of Etsy during the 4th quarter worth $27,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of Etsy during the 4th quarter worth $41,000. 99.53% of the stock is owned by institutional investors.

Insider Activity

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total value of $107,730.00. Following the sale, the insider now owns 13,138 shares in the company, valued at $943,571.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total value of $107,730.00. Following the sale, the insider now owns 13,138 shares in the company, valued at $943,571.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Josh Silverman sold 63,047 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the completion of the sale, the chief executive officer now owns 23,140 shares in the company, valued at approximately $1,677,650. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,968 shares of company stock valued at $4,836,827. Corporate insiders own 2.60% of the company's stock.

Etsy Stock Down 0.9 %

Shares of ETSY traded down $0.58 during trading hours on Friday, reaching $66.76. 2,219,511 shares of the company traded hands, compared to its average volume of 2,497,973. The company's fifty day moving average price is $69.67 and its two-hundred day moving average price is $71.46. The company has a market capitalization of $7.91 billion, a price-to-earnings ratio of 29.80, a price-to-earnings-growth ratio of 4.66 and a beta of 2.01. Etsy, Inc. has a 12 month low of $58.20 and a 12 month high of $104.93.

Etsy (NASDAQ:ETSY - Get Free Report) last announced its earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. The firm had revenue of $842.32 million for the quarter, compared to analyst estimates of $827.40 million. Etsy had a net margin of 11.19% and a negative return on equity of 70.75%. On average, analysts expect that Etsy, Inc. will post 2.58 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Etsy from $80.00 to $65.00 and set a "hold" rating for the company in a report on Wednesday, April 10th. BTIG Research dropped their price objective on shares of Etsy from $90.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, February 22nd. Wells Fargo & Company dropped their price objective on shares of Etsy from $62.00 to $60.00 and set an "underweight" rating for the company in a report on Thursday, April 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $95.00 price objective on shares of Etsy in a report on Friday, March 1st. Finally, Piper Sandler lifted their price objective on shares of Etsy from $90.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Etsy presently has a consensus rating of "Hold" and an average price target of $84.88.

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.