6,842 Shares in Etsy, Inc. (NASDAQ:ETSY) Bought by QRG Capital Management Inc.

QRG Capital Management Inc. acquired a new position in Etsy, Inc. (NASDAQ:ETSYFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,842 shares of the specialty retailer’s stock, valued at approximately $555,000.

Other large investors have also recently made changes to their positions in the company. Bares Capital Management Inc. boosted its stake in Etsy by 57.8% during the third quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer’s stock worth $261,143,000 after buying an additional 1,480,655 shares during the period. Van ECK Associates Corp grew its holdings in Etsy by 40.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,649,213 shares of the specialty retailer’s stock valued at $235,666,000 after purchasing an additional 1,047,811 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in Etsy by 107.4% during the 3rd quarter. Epoch Investment Partners Inc. now owns 710,224 shares of the specialty retailer’s stock valued at $45,866,000 after purchasing an additional 367,759 shares during the last quarter. National Bank of Canada FI raised its position in Etsy by 313.1% in the 4th quarter. National Bank of Canada FI now owns 480,554 shares of the specialty retailer’s stock worth $38,963,000 after purchasing an additional 364,219 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Etsy by 46.1% during 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 during the period. 99.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Etsy

In related news, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated 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 transaction, the insider now owns 13,138 shares in the company, valued at approximately $943,571.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Josh Silverman sold 63,047 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $72.50, for a total transaction of $4,570,907.50. Following the completion of the sale, the chief executive officer now owns 23,140 shares of the company’s stock, valued at $1,677,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 13,138 shares in the company, valued at approximately $943,571.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,968 shares of company stock valued at $4,836,827. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

ETSY has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on Etsy from $60.00 to $58.00 and set an “underweight” rating for the company in a research note on Thursday, May 2nd. Truist Financial lowered their target price on shares of Etsy from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Guggenheim reduced their price target on shares of Etsy from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Canaccord Genuity Group lowered their price objective on shares of Etsy from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Etsy from $80.00 to $65.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Etsy presently has a consensus rating of “Hold” and a consensus target price of $79.96.

View Our Latest Stock Analysis on Etsy

Etsy Stock Performance

NASDAQ:ETSY opened at $63.97 on Friday. The firm’s fifty day moving average is $66.36 and its two-hundred day moving average is $71.48. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 5.24 and a beta of 2.00. Etsy, Inc. has a one year low of $56.60 and a one year high of $102.81.

Etsy (NASDAQ:ETSYGet Free Report) last issued 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 company had revenue of $646.00 million during the quarter, compared to analysts’ expectations of $646.30 million. Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. As a group, equities research analysts predict that Etsy, Inc. will post 2.48 earnings per share for the current fiscal year.

Etsy Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ETSY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Etsy, Inc. (NASDAQ:ETSYFree Report).

Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

Receive News & Ratings for Etsy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Etsy and related companies with MarketBeat.com's FREE daily email newsletter.