Wynn Capital LLC Acquires 345 Shares of Etsy, Inc. (NASDAQ:ETSY)

Wynn Capital LLC boosted its holdings in Etsy, Inc. (NASDAQ:ETSYFree Report) by 12.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,030 shares of the specialty retailer’s stock after purchasing an additional 345 shares during the period. Wynn Capital LLC’s holdings in Etsy were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in ETSY. Janney Montgomery Scott LLC grew its position in Etsy by 12.8% in the third quarter. Janney Montgomery Scott LLC now owns 16,471 shares of the specialty retailer’s stock valued at $1,064,000 after purchasing an additional 1,875 shares in the last quarter. Rhumbline Advisers lifted its stake in Etsy by 1.0% in the third quarter. Rhumbline Advisers now owns 247,516 shares of the specialty retailer’s stock valued at $15,984,000 after acquiring an additional 2,413 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Etsy by 18.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 48,043 shares of the specialty retailer’s stock valued at $3,077,000 after acquiring an additional 7,431 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Etsy by 88.0% in the third quarter. Kestra Advisory Services LLC now owns 11,016 shares of the specialty retailer’s stock valued at $711,000 after acquiring an additional 5,155 shares during the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in Etsy by 19.4% in the third quarter. Rafferty Asset Management LLC now owns 42,497 shares of the specialty retailer’s stock valued at $2,744,000 after acquiring an additional 6,906 shares during the last quarter. Institutional investors own 99.53% of the company’s stock.

Etsy Stock Performance

Shares of Etsy stock traded up $1.97 during midday trading on Friday, hitting $60.17. 7,623,134 shares of the company traded hands, compared to its average volume of 2,795,570. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 4.74 and a beta of 1.99. The firm’s fifty day moving average price is $63.73 and its 200-day moving average price is $70.15. Etsy, Inc. has a 12 month low of $56.60 and a 12 month high of $102.81.

Etsy (NASDAQ:ETSYGet Free Report) last posted its earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The business had revenue of $646.00 million for the quarter, compared to analyst estimates of $646.30 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts forecast that Etsy, Inc. will post 2.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Truist Financial cut their price target 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. Oppenheimer cut their target price on shares of Etsy from $95.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Citigroup cut their target price on shares of Etsy from $72.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Wells Fargo & Company cut their target price on shares of Etsy from $60.00 to $58.00 and set an “underweight” rating for the company in a research note on Thursday, May 2nd. Finally, JMP Securities cut shares of Etsy from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.96.

View Our Latest Research Report on ETSY

Insider Transactions at Etsy

In related news, insider Nicholas Daniel sold 750 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $66.01, for a total transaction of $49,507.50. Following the transaction, the insider now owns 19,682 shares in the company, valued at approximately $1,299,208.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Toni Thompson Nadal sold 1,444 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $65.68, for a total value of $94,841.92. Following the completion of the sale, the insider now owns 592 shares in the company, valued at approximately $38,882.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nicholas Daniel sold 750 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $66.01, for a total transaction of $49,507.50. Following the completion of the transaction, the insider now directly owns 19,682 shares in the company, valued at $1,299,208.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,865 shares of company stock worth $253,031. Company insiders own 2.60% of the company’s stock.

About Etsy

(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.

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Institutional Ownership by Quarter for Etsy (NASDAQ:ETSY)

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