Tower Research Capital LLC TRC Has $488,000 Position in Etsy, Inc. (NASDAQ:ETSY)

Tower Research Capital LLC TRC boosted its stake in Etsy, Inc. (NASDAQ:ETSY - Free Report) by 941.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,229 shares of the specialty retailer's stock after acquiring an additional 8,343 shares during the quarter. Tower Research Capital LLC TRC's holdings in Etsy were worth $488,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lindbrook Capital LLC grew its position in shares of Etsy by 55.7% during the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer's stock worth $27,000 after buying an additional 181 shares in the last quarter. Larson Financial Group LLC grew its holdings in Etsy by 8.7% during the 4th quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer's stock worth $144,000 after acquiring an additional 218 shares in the last quarter. Heron Bay Capital Management increased its position in shares of Etsy by 1.3% in the 4th quarter. Heron Bay Capital Management now owns 20,260 shares of the specialty retailer's stock worth $1,072,000 after purchasing an additional 258 shares during the last quarter. Denver PWM LLC raised its stake in shares of Etsy by 36.1% in the 4th quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer's stock valued at $58,000 after purchasing an additional 289 shares in the last quarter. Finally, Gagnon Securities LLC lifted its position in shares of Etsy by 7.9% during the fourth quarter. Gagnon Securities LLC now owns 5,148 shares of the specialty retailer's stock worth $272,000 after purchasing an additional 376 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company's stock.

Insider Transactions at Etsy

In other Etsy news, insider Nicholas Daniel sold 1,500 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the completion of the transaction, the insider now directly owns 22,198 shares in the company, valued at $1,228,437.32. This trade represents a 6.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Toni Thompson Nadal sold 1,444 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total transaction of $69,745.20. Following the sale, the insider now owns 592 shares in the company, valued at $28,593.60. This represents a 70.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,952 shares of company stock valued at $2,554,620 over the last three months. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ETSY. Stifel Nicolaus cut their price objective on Etsy from $51.00 to $45.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Canaccord Genuity Group reduced their price objective on Etsy from $76.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company lowered their target price on shares of Etsy from $46.00 to $40.00 and set an "underweight" rating for the company in a research note on Thursday. Loop Capital reduced their price target on shares of Etsy from $40.00 to $37.00 and set a "sell" rating on the stock in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $60.00 price target on shares of Etsy in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, Etsy currently has an average rating of "Hold" and a consensus price target of $50.14.

Etsy Trading Up 4.2 %

NASDAQ:ETSY traded up $1.79 during mid-day trading on Friday, reaching $44.30. 5,342,612 shares of the stock were exchanged, compared to its average volume of 3,855,094. Etsy, Inc. has a 1-year low of $40.05 and a 1-year high of $66.93. The firm has a market capitalization of $4.62 billion, a PE ratio of 18.69, a PEG ratio of 2.57 and a beta of 1.78. The business has a fifty day moving average price of $45.88 and a 200 day moving average price of $51.11.

Etsy (NASDAQ:ETSY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The specialty retailer reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04). The business had revenue of $651.18 million for the quarter, compared to the consensus estimate of $642.22 million. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The company's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 earnings per share. On average, sell-side analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current year.

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.