Motley Fool Asset Management LLC Acquires New Holdings in Etsy, Inc. (NASDAQ:ETSY)

Motley Fool Asset Management LLC acquired a new stake in shares of Etsy, Inc. (NASDAQ:ETSY) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,928 shares of the specialty retailer’s stock, valued at approximately $614,000.

Other institutional investors also recently added to or reduced their stakes in the company. Polen Capital Management LLC raised its stake in Etsy by 83.3% in the fourth quarter. Polen Capital Management LLC now owns 34,322 shares of the specialty retailer’s stock valued at $2,782,000 after buying an additional 15,598 shares during the last quarter. MCF Advisors LLC raised its stake in Etsy by 23,542.9% in the first quarter. MCF Advisors LLC now owns 3,310 shares of the specialty retailer’s stock valued at $227,000 after buying an additional 3,296 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in Etsy in the fourth quarter valued at about $267,000. TD Asset Management Inc raised its stake in Etsy by 16.8% in the first quarter. TD Asset Management Inc now owns 1,540,465 shares of the specialty retailer’s stock valued at $105,861,000 after buying an additional 221,275 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in Etsy by 2.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,555,432 shares of the specialty retailer’s stock valued at $126,068,000 after buying an additional 30,561 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Insider Transactions at Etsy

In other news, insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $65.68, for a total value of $94,841.92. Following the sale, the insider now directly owns 592 shares of the company’s stock, valued at $38,882.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JMP Securities cut Etsy from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 2nd. Needham & Company LLC reduced their price objective on Etsy from $95.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Etsy from $80.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Wells Fargo & Company reduced their price objective on Etsy from $58.00 to $56.00 and set an “underweight” rating for the company in a research note on Tuesday, June 25th. Finally, Stifel Nicolaus reduced their price objective on Etsy from $67.00 to $65.00 and set a “hold” rating for the company in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $78.75.

Etsy Trading Up 1.0 %

ETSY traded up $0.62 during trading on Wednesday, hitting $65.14. The company’s stock had a trading volume of 4,744,610 shares, compared to its average volume of 3,580,734. The business’s fifty day simple moving average is $61.10 and its 200 day simple moving average is $66.11. The firm has a market capitalization of $7.62 billion, a price-to-earnings ratio of 29.74, a P/E/G ratio of 5.22 and a beta of 2.02. Etsy, Inc. has a twelve month low of $55.08 and a twelve month high of $102.81.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share (EPS) 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 negative return on equity of 67.27% and a net margin of 10.75%. The business’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. As a group, equities research analysts forecast that Etsy, Inc. will post 2.48 earnings per share for the current fiscal 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.