Etsy, Inc. (NASDAQ:ETSY) Shares Sold by VitalStone Financial LLC

VitalStone Financial LLC lessened its holdings in Etsy, Inc. (NASDAQ:ETSY) by 32.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 415 shares of the specialty retailer’s stock after selling 196 shares during the period. VitalStone Financial LLC’s holdings in Etsy were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Etsy in the 4th quarter valued at $86,494,000. Van ECK Associates Corp increased its holdings in Etsy by 26.5% during the 4th quarter. Van ECK Associates Corp now owns 4,616,990 shares of the specialty retailer’s stock worth $374,207,000 after purchasing an additional 967,777 shares during the period. TD Asset Management Inc increased its holdings in Etsy by 260.2% during the 4th quarter. TD Asset Management Inc now owns 1,319,190 shares of the specialty retailer’s stock worth $106,920,000 after purchasing an additional 952,907 shares during the period. Epoch Investment Partners Inc. increased its holdings in Etsy by 84.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 1,309,510 shares of the specialty retailer’s stock worth $106,136,000 after purchasing an additional 599,286 shares during the period. Finally, DAVENPORT & Co LLC increased its holdings in Etsy by 120.7% during the 1st quarter. DAVENPORT & Co LLC now owns 789,917 shares of the specialty retailer’s stock worth $54,021,000 after purchasing an additional 431,993 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.

Insiders Place Their Bets

In other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $65.68, for a total transaction of $94,841.92. Following the completion of the transaction, the insider now owns 592 shares of the company’s stock, valued at $38,882.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by company insiders.

Etsy Stock Up 3.1 %

NASDAQ ETSY traded up $1.83 during mid-day trading on Friday, hitting $60.14. The stock had a trading volume of 2,054,180 shares, compared to its average volume of 3,608,053. Etsy, Inc. has a 52-week low of $55.08 and a 52-week high of $102.81. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 4.67 and a beta of 2.02. The company has a 50 day simple moving average of $61.24 and a 200 day simple moving average of $67.73.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $646.00 million for 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 business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. As a group, equities analysts anticipate that Etsy, Inc. will post 2.49 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ETSY. Wedbush dropped their price objective on Etsy from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, May 2nd. Needham & Company LLC dropped their price objective on Etsy from $95.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Deutsche Bank Aktiengesellschaft dropped 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. B. Riley decreased their target price on Etsy from $91.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Morgan Stanley decreased their target price on Etsy from $55.00 to $52.00 and set an “underweight” rating for the company in a research report on Thursday, May 2nd. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $79.88.

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.