13,152 Shares in Etsy, Inc. (NASDAQ:ETSY) Bought by Virtu Financial LLC

Virtu Financial LLC acquired a new position in Etsy, Inc. (NASDAQ:ETSY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,152 shares of the specialty retailer’s stock, valued at approximately $696,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETSY. Lindbrook Capital LLC boosted its stake in shares of Etsy by 55.7% during the fourth quarter. Lindbrook Capital LLC now owns 506 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 181 shares during the period. Larson Financial Group LLC boosted its stake in Etsy by 8.7% in the 4th quarter. Larson Financial Group LLC now owns 2,728 shares of the specialty retailer’s stock worth $144,000 after purchasing an additional 218 shares in the last quarter. Denver PWM LLC grew its stake in Etsy by 36.1% during the 4th quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 289 shares during the last quarter. Gagnon Securities LLC boosted its holdings in shares of Etsy by 7.9% in the 4th quarter. Gagnon Securities LLC now owns 5,148 shares of the specialty retailer’s stock valued at $272,000 after acquiring an additional 376 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Etsy by 7.3% in the fourth quarter. M&T Bank Corp now owns 6,009 shares of the specialty retailer’s stock worth $318,000 after buying an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Etsy Stock Up 1.7 %

Etsy stock opened at $45.86 on Tuesday. The firm has a market capitalization of $4.91 billion, a PE ratio of 19.35, a P/E/G ratio of 2.57 and a beta of 2.23. Etsy, Inc. has a 52 week low of $43.43 and a 52 week high of $71.72. The firm’s 50-day simple moving average is $51.41 and its 200 day simple moving average is $52.79.

Etsy (NASDAQ:ETSY) last released its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The business had revenue of $852.16 million for the quarter, compared to analyst estimates of $861.37 million. During the same period in the prior year, the business earned $0.62 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, research analysts expect that Etsy, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ETSY has been the topic of a number of recent analyst reports. UBS Group decreased their target price on Etsy from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Loop Capital lowered their target price on shares of Etsy from $45.00 to $40.00 and set a “sell” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus dropped their price objective on shares of Etsy from $56.00 to $51.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Canaccord Genuity Group lowered their price target on shares of Etsy from $105.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price target on shares of Etsy from $44.00 to $47.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $58.42.

Insiders Place Their Bets

In other Etsy news, CEO Josh Silverman sold 21,666 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the sale, the chief executive officer now directly owns 5,004 shares of the company’s stock, valued at $260,458.20. This trade represents a 81.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Daniel sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $50.48, for a total transaction of $75,720.00. Following the completion of the transaction, the insider now directly owns 20,698 shares of the company’s stock, valued at approximately $1,044,835.04. This represents a 6.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,666 shares of company stock valued at $1,286,445. Corporate insiders own 2.60% of the company’s stock.

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.