2,685 Shares in Etsy, Inc. (NASDAQ:ETSY) Purchased by Wynn Capital LLC

Wynn Capital LLC bought a new position in shares of Etsy, Inc. (NASDAQ:ETSY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,685 shares of the specialty retailer’s stock, valued at approximately $218,000.

A number of other large investors have also recently added to or reduced their stakes in the business. CVA Family Office LLC acquired a new stake in shares of Etsy during the fourth quarter worth about $27,000. Operose Advisors LLC bought a new position in Etsy in the third quarter worth about $28,000. Tompkins Financial Corp bought a new stake in Etsy in the fourth quarter valued at $41,000. Harvest Fund Management Co. Ltd acquired a new position in Etsy during the fourth quarter worth about $49,000. Finally, GAMMA Investing LLC acquired a new position in shares of Etsy in the 4th quarter valued at $54,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Merilee Buckley sold 1,671 shares of the company’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 transaction, the chief accounting officer now owns 2,827 shares of the company’s stock, valued at $183,868.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Josh Silverman sold 63,047 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total value of $4,570,907.50. Following the sale, the chief executive officer now directly owns 23,140 shares in the company, valued at approximately $1,677,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Merilee Buckley sold 1,671 shares of the business’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 sale, the chief accounting officer now owns 2,827 shares in the company, valued at approximately $183,868.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,968 shares of company stock worth $4,836,827. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. The Goldman Sachs Group downgraded Etsy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $84.00 to $80.00 in a research report on Wednesday, January 10th. UBS Group reduced their price target on Etsy from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Wells Fargo & Company lowered their target price on Etsy from $62.00 to $60.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft cut their price objective on Etsy from $80.00 to $65.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th. Finally, Barclays lifted their target price on Etsy from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, February 22nd. Three equities 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. Based on data from MarketBeat.com, Etsy currently has an average rating of “Hold” and a consensus price target of $84.46.

Etsy Stock Down 1.0 %

Shares of NASDAQ:ETSY traded down $0.64 during trading on Thursday, reaching $66.23. 556,666 shares of the company’s stock traded hands, compared to its average volume of 3,664,697. The firm has a market cap of $7.75 billion, a PE ratio of 29.48, a P/E/G ratio of 4.76 and a beta of 2.01. Etsy, Inc. has a fifty-two week low of $58.20 and a fifty-two week high of $102.81. The company has a 50-day simple moving average of $69.12 and a 200-day simple moving average of $71.50.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $842.32 million during the quarter, compared to the consensus estimate of $827.40 million. Etsy had a net margin of 11.19% and a negative return on equity of 70.75%. On average, equities research analysts forecast that Etsy, Inc. will post 2.58 EPS 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.