11,221 Shares in Etsy, Inc. (NASDAQ:ETSY) Acquired by Duality Advisers LP

Duality Advisers LP bought a new stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,221 shares of the specialty retailer's stock, valued at approximately $909,000.

Other hedge funds also recently bought and sold shares of the company. Bares Capital Management Inc. raised its holdings in shares of Etsy by 57.8% in the 3rd quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer's stock valued at $261,143,000 after buying an additional 1,480,655 shares during the period. Van ECK Associates Corp boosted its stake in shares of Etsy by 40.3% in the third quarter. Van ECK Associates Corp now owns 3,649,213 shares of the specialty retailer's stock valued at $235,666,000 after purchasing an additional 1,047,811 shares during the period. Epoch Investment Partners Inc. grew its holdings in shares of Etsy by 107.4% in the third quarter. Epoch Investment Partners Inc. now owns 710,224 shares of the specialty retailer's stock valued at $45,866,000 after purchasing an additional 367,759 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Etsy by 46.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,115,605 shares of the specialty retailer's stock worth $72,046,000 after buying an additional 352,255 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Etsy by 217.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 400,300 shares of the specialty retailer's stock worth $32,444,000 after buying an additional 274,284 shares in the last quarter. Hedge funds and other institutional investors own 99.53% of the company's stock.

Insider Buying and Selling at Etsy

In other Etsy news, CAO Merilee Buckley sold 1,671 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total value of $108,681.84. Following the completion of the transaction, the chief accounting officer now directly owns 2,827 shares of the company's stock, valued at $183,868.08. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CAO Merilee Buckley sold 1,671 shares of the firm's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $65.04, for a total transaction of $108,681.84. Following the completion of the transaction, the chief accounting officer now directly owns 2,827 shares of the company's stock, valued at approximately $183,868.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nicholas Daniel sold 750 shares of the firm's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $66.01, for a total transaction of $49,507.50. Following the transaction, the insider now directly owns 19,682 shares of the company's stock, valued at $1,299,208.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,968 shares of company stock valued at $4,836,827. Corporate insiders own 2.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ETSY. Wedbush cut their price objective on Etsy from $80.00 to $70.00 and set a "neutral" rating on the stock in a research report on Wednesday. Wells Fargo & Company cut their target price on shares of Etsy from $62.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, April 4th. Barclays boosted their price target on shares of Etsy from $63.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, February 22nd. UBS Group decreased their price objective on shares of Etsy from $75.00 to $72.00 and set a "neutral" rating for the company in a research report on Thursday, February 22nd. Finally, BTIG Research dropped their target price on Etsy from $90.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $84.46.

Etsy Stock Up 0.5 %

NASDAQ ETSY traded up $0.33 during trading hours on Thursday, hitting $67.20. 2,171,968 shares of the stock were exchanged, compared to its average volume of 3,685,685. Etsy, Inc. has a 12-month low of $58.20 and a 12-month high of $102.81. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 29.56, a price-to-earnings-growth ratio of 4.76 and a beta of 2.01. The stock has a 50-day moving average of $69.12 and a 200 day moving average of $71.50.

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