Charles Schwab Investment Management Inc. Grows Position in Etsy, Inc. (NASDAQ:ETSY)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,177,282 shares of the specialty retailer's stock after buying an additional 61,677 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.98% of Etsy worth $95,419,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates lifted its holdings in Etsy by 2.0% during the third quarter. Raymond James & Associates now owns 110,563 shares of the specialty retailer's stock valued at $7,140,000 after purchasing an additional 2,204 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Etsy by 18.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,690 shares of the specialty retailer's stock valued at $5,728,000 after purchasing an additional 14,129 shares during the last quarter. ING Groep NV bought a new position in Etsy during the third quarter valued at $1,060,000. Exchange Capital Management Inc. raised its position in Etsy by 16.3% in the 3rd quarter. Exchange Capital Management Inc. now owns 15,309 shares of the specialty retailer's stock worth $989,000 after purchasing an additional 2,140 shares during the period. Finally, GraniteShares Advisors LLC bought a new position in shares of Etsy during the third quarter valued at approximately $363,000. 99.53% of the stock is owned by hedge funds and other institutional investors.

Etsy Price Performance

NASDAQ:ETSY traded up $0.59 during trading hours on Monday, reaching $62.51. 3,721,585 shares of the company were exchanged, compared to its average volume of 3,855,656. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 5.06 and a beta of 2.00. The stock has a 50 day simple moving average of $66.80 and a 200 day simple moving average of $71.49. Etsy, Inc. has a 52-week low of $56.60 and a 52-week high of $102.81.

Etsy (NASDAQ:ETSY - Get Free Report) last issued its earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The firm had revenue of $646.00 million during the quarter, compared to analyst estimates of $646.30 million. Etsy had a net margin of 10.75% and a negative return on equity of 67.27%. Etsy's revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. On average, analysts predict that Etsy, Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ETSY shares. Evercore ISI decreased their price objective on Etsy from $95.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, February 22nd. Morgan Stanley dropped their target price on Etsy from $55.00 to $52.00 and set an "underweight" rating on the stock in a research note on Thursday, May 2nd. Citigroup lowered their price objective on shares of Etsy from $72.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. UBS Group dropped their target price on Etsy from $75.00 to $72.00 and set a "neutral" rating on the stock in a research report on Thursday, February 22nd. Finally, Barclays reduced their target price on shares of Etsy from $67.00 to $60.00 and set an "equal weight" rating for the company in a report on Thursday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $79.96.

Insider Buying and Selling

In other news, insider Nicholas Daniel sold 750 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $66.01, for a total value of $49,507.50. Following the completion of the sale, the insider now owns 19,682 shares of the company's stock, valued at $1,299,208.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Nicholas Daniel sold 750 shares of Etsy stock in a transaction on Monday, April 1st. The shares were sold at an average price of $66.01, for a total transaction of $49,507.50. Following the sale, the insider now owns 19,682 shares of the company's stock, valued at approximately $1,299,208.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 approximately $183,868.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,968 shares of company stock valued at $4,836,827. 2.60% of the stock is currently owned by corporate insiders.

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.