Sigma Planning Corp grew its holdings in shares of Etsy, Inc. (NASDAQ:ETSY – Free Report) by 9.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,785 shares of the specialty retailer’s stock after purchasing an additional 419 shares during the period. Sigma Planning Corp’s holdings in Etsy were worth $533,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of ETSY. Private Advisor Group LLC increased its holdings in shares of Etsy by 16.1% during the first quarter. Private Advisor Group LLC now owns 5,222 shares of the specialty retailer’s stock valued at $649,000 after purchasing an additional 725 shares during the period. Panagora Asset Management Inc. boosted its stake in Etsy by 320.6% during the first quarter. Panagora Asset Management Inc. now owns 11,255 shares of the specialty retailer’s stock valued at $1,399,000 after buying an additional 8,579 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Etsy by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,964 shares of the specialty retailer’s stock valued at $2,108,000 after buying an additional 1,051 shares in the last quarter. Yousif Capital Management LLC boosted its stake in Etsy by 0.7% during the first quarter. Yousif Capital Management LLC now owns 29,567 shares of the specialty retailer’s stock valued at $3,675,000 after buying an additional 211 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in Etsy by 7.3% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,256 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 153 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently weighed in on ETSY. Sanford C. Bernstein cut Etsy from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $120.00 to $105.00 in a research note on Thursday, August 3rd. Evercore ISI decreased their target price on Etsy from $140.00 to $120.00 in a research note on Thursday, May 4th. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 target price on shares of Etsy in a research note on Wednesday, April 19th. Piper Sandler decreased their target price on Etsy from $140.00 to $126.00 and set an “overweight” rating for the company in a research note on Thursday, August 3rd. Finally, Loop Capital decreased their price target on Etsy from $105.00 to $100.00 in a research report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $118.43.
Etsy Price Performance
ETSY opened at $76.64 on Friday. Etsy, Inc. has a fifty-two week low of $76.02 and a fifty-two week high of $149.91. The business has a 50-day moving average of $90.07 and a 200-day moving average of $103.20. The company has a market capitalization of $9.43 billion, a PE ratio of -13.06, a price-to-earnings-growth ratio of 4.02 and a beta of 2.00.
Insider Transactions at Etsy
In related news, insider Nicholas Daniel sold 1,760 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $101.65, for a total value of $178,904.00. Following the transaction, the insider now directly owns 8,704 shares of the company’s stock, valued at approximately $884,761.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Nicholas Daniel sold 1,760 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $101.65, for a total value of $178,904.00. Following the transaction, the insider now directly owns 8,704 shares of the company’s stock, valued at approximately $884,761.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Josh Silverman sold 20,850 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $95.33, for a total value of $1,987,630.50. Following the completion of the transaction, the chief executive officer now directly owns 14,674 shares in the company, valued at $1,398,872.42. The disclosure for this sale can be found here. Insiders sold 95,823 shares of company stock valued at $8,881,523 in the last three months. Corporate insiders own 2.60% of the company’s stock.
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, France, and India. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers.
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