Mitsubishi UFJ Asset Management UK Ltd. Acquires Shares of 12,000 Etsy, Inc. (NASDAQ:ETSY)

Mitsubishi UFJ Asset Management UK Ltd. bought a new position in shares of Etsy, Inc. (NASDAQ:ETSY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,000 shares of the specialty retailer's stock, valued at approximately $973,000.

Several other hedge funds also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its position in Etsy by 3.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,368 shares of the specialty retailer's stock valued at $354,000 after purchasing an additional 161 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Etsy by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 594,667 shares of the specialty retailer's stock worth $48,202,000 after acquiring an additional 28,910 shares in the last quarter. QRG Capital Management Inc. bought a new position in Etsy in the fourth quarter valued at $555,000. Qsemble Capital Management LP bought a new stake in Etsy during the fourth quarter worth about $854,000. Finally, AGF Management Ltd. boosted its holdings in shares of Etsy by 7.2% in the 4th quarter. AGF Management Ltd. now owns 4,746 shares of the specialty retailer's stock worth $385,000 after purchasing an additional 318 shares in the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Etsy

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

Etsy Price Performance

Shares of ETSY traded up $1.00 during trading hours on Wednesday, hitting $64.57. The stock had a trading volume of 2,671,835 shares, compared to its average volume of 3,845,777. The firm has a market capitalization of $7.55 billion, a PE ratio of 29.48, a PEG ratio of 5.11 and a beta of 2.00. The stock has a fifty day moving average price of $66.62 and a 200 day moving average price of $71.45. Etsy, Inc. has a 12 month low of $56.60 and a 12 month high of $102.81.

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

Wall Street Analyst Weigh In

ETSY has been the topic of several research reports. BTIG Research decreased their price target on shares of Etsy from $87.00 to $78.00 and set a "buy" rating on the stock in a research note on Thursday, May 2nd. Evercore ISI dropped their price objective on Etsy from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, February 22nd. Morgan Stanley decreased their target price on shares of Etsy from $55.00 to $52.00 and set an "underweight" rating on the stock in a research note on Thursday, May 2nd. UBS Group dropped their price target 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, The Goldman Sachs Group lowered their price objective on shares of Etsy from $80.00 to $70.00 and set a "neutral" rating for the company in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $79.96.

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.