Whittier Trust Co. lifted its stake in Etsy, Inc. (NASDAQ:ETSY – Get Rating) by 888.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267 shares of the specialty retailer’s stock after acquiring an additional 240 shares during the period. Whittier Trust Co.’s holdings in Etsy were worth $32,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in ETSY. Optimum Investment Advisors raised its position in Etsy by 400.0% in the third quarter. Optimum Investment Advisors now owns 250 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 200 shares in the last quarter. Trustcore Financial Services LLC grew its stake in shares of Etsy by 166.3% in the 3rd quarter. Trustcore Financial Services LLC now owns 269 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 168 shares during the last quarter. General Partner Inc. bought a new stake in shares of Etsy in the 4th quarter worth approximately $29,000. GoalVest Advisory LLC acquired a new stake in Etsy during the fourth quarter valued at approximately $30,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in Etsy during the third quarter worth approximately $34,000. 95.46% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CEO Josh Silverman sold 20,850 shares of Etsy stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $132.51, for a total value of $2,762,833.50. Following the transaction, the chief executive officer now owns 107,305 shares in the company, valued at approximately $14,218,985.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Nicholas Daniel sold 1,000 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $135.18, for a total transaction of $135,180.00. Following the completion of the transaction, the insider now owns 3,309 shares of the company’s stock, valued at approximately $447,310.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Josh Silverman sold 20,850 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $132.51, for a total value of $2,762,833.50. Following the completion of the sale, the chief executive officer now directly owns 107,305 shares in the company, valued at approximately $14,218,985.55. The disclosure for this sale can be found here. In the last three months, insiders sold 68,668 shares of company stock valued at $8,264,817. Company insiders own 3.10% of the company’s stock.
Etsy Price Performance
Etsy (NASDAQ:ETSY – Get Rating) last posted its earnings results on Wednesday, February 22nd. The specialty retailer reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.05). Etsy had a positive return on equity of 1,306.41% and a negative net margin of 27.06%. The company had revenue of $807.20 million during the quarter, compared to analyst estimates of $752.12 million. During the same quarter last year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities analysts expect that Etsy, Inc. will post 2.63 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. Truist Financial increased their price objective on Etsy from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, February 23rd. StockNews.com initiated coverage on Etsy in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. UBS Group boosted their price objective on Etsy from $124.00 to $135.00 and gave the stock a “neutral” rating in a report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Etsy from $95.00 to $115.00 and gave the stock a “hold” rating in a report on Thursday, February 2nd. Finally, JMP Securities boosted their price target on shares of Etsy from $120.00 to $140.00 and gave the company a “market outperform” rating in a report on Wednesday, January 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Etsy has an average rating of “Moderate Buy” and an average target price of $132.75.
About Etsy
Etsy, Inc engages in the operation of an online marketplace. It offers handmade products such as shoes, clothing, bags, and accessories. It operates through the following segments: Etsy, Reverb, Depop, and Elo7. The company was founded in 2005 and is headquartered in New York, NY.
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