American Capital Advisory LLC Acquires 12,049 Shares of Etsy, Inc. (NASDAQ:ETSY)

American Capital Advisory LLC lifted its stake in Etsy, Inc. (NASDAQ:ETSY) by 1,204,900.0% during the 4th quarter, Holdings Channel reports. The firm owned 12,050 shares of the specialty retailer’s stock after acquiring an additional 12,049 shares during the period. American Capital Advisory LLC’s holdings in Etsy were worth $637,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in Etsy by 106.5% during the third quarter. Blue Trust Inc. now owns 448 shares of the specialty retailer’s stock worth $26,000 after buying an additional 231 shares during the last quarter. UMB Bank n.a. boosted its stake in Etsy by 112.3% during the 3rd quarter. UMB Bank n.a. now owns 552 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 292 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Etsy during the third quarter valued at approximately $43,000. Versant Capital Management Inc increased its stake in Etsy by 153.1% in the fourth 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 in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Etsy in the third quarter worth $59,000. 99.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Etsy

In other news, insider Nicholas Daniel sold 1,500 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $55.34, for a total value of $83,010.00. Following the sale, the insider now directly owns 22,198 shares of the company’s stock, valued at approximately $1,228,437.32. This represents a 6.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ETSY shares. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price target on shares of Etsy in a report on Thursday, October 31st. Deutsche Bank Aktiengesellschaft boosted their target price on Etsy from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Wedbush dropped their price target on Etsy from $65.00 to $58.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Wells Fargo & Company decreased their price objective on Etsy from $47.00 to $44.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Finally, The Goldman Sachs Group downgraded shares of Etsy from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $70.00 to $45.00 in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Etsy presently has an average rating of “Hold” and a consensus target price of $62.42.

Etsy Trading Down 1.9 %

NASDAQ:ETSY opened at $54.40 on Friday. The stock has a market capitalization of $6.12 billion, a PE ratio of 27.76, a P/E/G ratio of 2.69 and a beta of 2.00. Etsy, Inc. has a 1-year low of $47.10 and a 1-year high of $80.30. The firm has a fifty day simple moving average of $55.20 and a 200 day simple moving average of $54.27.

Etsy announced that its board has initiated a stock repurchase plan on Wednesday, October 30th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 17.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

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.