Etsy, Inc. (NASDAQ:ETSY) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,653 shares of the specialty retailer’s stock after acquiring an additional 216 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Etsy were worth $944,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Bares Capital Management Inc. increased its position in shares of Etsy by 57.8% in the third quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer’s stock valued at $261,143,000 after buying an additional 1,480,655 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Etsy by 40.3% in the third quarter. Van ECK Associates Corp now owns 3,649,213 shares of the specialty retailer’s stock valued at $235,666,000 after buying an additional 1,047,811 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Etsy by 107.4% in the third quarter. Epoch Investment Partners Inc. now owns 710,224 shares of the specialty retailer’s stock valued at $45,866,000 after buying an additional 367,759 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Etsy by 46.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,115,605 shares of the specialty retailer’s stock valued at $72,046,000 after buying an additional 352,255 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Etsy by 217.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 400,300 shares of the specialty retailer’s stock valued at $32,444,000 after buying an additional 274,284 shares in the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wedbush cut their price objective on Etsy from $80.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday. Morgan Stanley reaffirmed an “underweight” rating and issued a $55.00 price target (down from $65.00) on shares of Etsy in a research note on Thursday, April 18th. Deutsche Bank Aktiengesellschaft lowered their price target on Etsy from $80.00 to $65.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $95.00 price target on shares of Etsy in a research note on Friday, March 1st. Finally, BTIG Research lowered their price target on Etsy from $90.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $84.46.

Insiders Place Their Bets

In other news, CEO Josh Silverman sold 63,047 shares of the company’s stock in a transaction dated 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 approximately $1,677,650. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Josh Silverman sold 63,047 shares of the company’s stock in a transaction dated 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 approximately $1,677,650. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Merilee Buckley sold 1,671 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total value of $108,681.84. Following the transaction, the chief accounting officer now directly owns 2,827 shares of the company’s stock, valued at $183,868.08. The disclosure for this sale can be found here. Insiders have sold a total of 66,968 shares of company stock worth $4,836,827 in the last quarter. 2.60% of the stock is owned by company insiders.

Etsy Trading Up 0.5 %

ETSY stock opened at $67.20 on Friday. The business’s fifty day moving average price is $69.12 and its 200 day moving average price is $71.50. Etsy, Inc. has a 12-month low of $58.20 and a 12-month high of $102.81. The company has a market capitalization of $7.87 billion, a PE ratio of 30.00, a P/E/G ratio of 4.76 and a beta of 2.01.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, February 21st. The specialty retailer reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. Etsy had a negative return on equity of 70.75% and a net margin of 11.19%. The company had revenue of $842.32 million for the quarter, compared to the consensus estimate of $827.40 million. Research analysts predict that Etsy, Inc. will post 2.58 EPS for the current fiscal year.

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.