Vanguard Group Inc. Has $651.06 Million Holdings in Etsy, Inc. (NASDAQ:ETSY)

Vanguard Group Inc. grew its position in shares of Etsy, Inc. (NASDAQ:ETSY) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,309,622 shares of the specialty retailer’s stock after buying an additional 56,772 shares during the quarter. Vanguard Group Inc. owned approximately 10.94% of Etsy worth $651,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Lindbrook Capital LLC raised its position in Etsy by 55.7% during the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after acquiring an additional 181 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Etsy during the 4th quarter valued at $38,000. Versant Capital Management Inc lifted its stake in shares of Etsy by 153.1% in the 4th quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 499 shares during the last quarter. Blue Trust Inc. boosted its holdings in Etsy by 95.1% in the fourth quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer’s stock worth $46,000 after purchasing an additional 426 shares in the last quarter. Finally, Denver PWM LLC increased its position in Etsy by 36.1% during the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock worth $58,000 after buying an additional 289 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Insider Buying and Selling at Etsy

In related news, insider Nicholas Daniel sold 1,500 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $50.48, for a total transaction of $75,720.00. Following the completion of the sale, the insider now directly owns 20,698 shares of the company’s stock, valued at $1,044,835.04. This trade represents a 6.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Josh Silverman sold 21,666 shares of Etsy stock in a transaction on Monday, February 24th. The shares were sold at an average price of $52.05, for a total value of $1,127,715.30. Following the completion of the transaction, the chief executive officer now owns 5,004 shares of the company’s stock, valued at approximately $260,458.20. The trade was a 81.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,666 shares of company stock valued at $1,286,445. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ETSY has been the subject of a number of analyst reports. Stifel Nicolaus reduced their price target on Etsy from $56.00 to $51.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. Jefferies Financial Group raised Etsy from an “underperform” rating to a “hold” rating and upped their target price for the stock from $45.00 to $55.00 in a research report on Monday, January 13th. Wells Fargo & Company lifted their price target on shares of Etsy from $44.00 to $47.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. UBS Group decreased their price objective on shares of Etsy from $55.00 to $54.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, Truist Financial dropped their target price on shares of Etsy from $70.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $58.42.

Etsy Stock Down 0.5 %

Shares of ETSY opened at $46.69 on Monday. The company has a 50-day moving average price of $50.93 and a two-hundred day moving average price of $52.64. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.57 and a beta of 2.23. Etsy, Inc. has a 12 month low of $43.43 and a 12 month high of $71.72.

Etsy (NASDAQ:ETSY) last posted its earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. Etsy had a negative return on equity of 46.62% and a net margin of 10.80%. The business had revenue of $852.16 million during the quarter, compared to the consensus estimate of $861.37 million. During the same quarter last year, the company earned $0.62 EPS. Etsy’s revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Etsy 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.