O Brien Greene & Co. Inc cut its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 52.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,750 shares of the specialty retailer’s stock after selling 6,400 shares during the period. O Brien Greene & Co. Inc’s holdings in Etsy were worth $1,160,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its stake in shares of Etsy by 20.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 263 shares of the specialty retailer’s stock worth $47,000 after buying an additional 45 shares during the last quarter. Eudaimonia Partners LLC lifted its stake in Etsy by 18.8% in the fourth quarter. Eudaimonia Partners LLC now owns 297 shares of the specialty retailer’s stock valued at $53,000 after purchasing an additional 47 shares during the last quarter. Xponance Inc. raised its stake in shares of Etsy by 0.4% in the first quarter. Xponance Inc. now owns 17,926 shares of the specialty retailer’s stock valued at $3,616,000 after buying an additional 78 shares during the period. Synovus Financial Corp boosted its holdings in Etsy by 4.3% in the 4th quarter. Synovus Financial Corp now owns 1,914 shares of the specialty retailer’s stock worth $339,000 after buying an additional 79 shares during the period. Finally, Sage Capital Advisors llc grew its stake in Etsy by 0.4% in the 1st quarter. Sage Capital Advisors llc now owns 21,072 shares of the specialty retailer’s stock valued at $4,250,000 after buying an additional 80 shares in the last quarter. 82.65% of the stock is currently owned by hedge funds and other institutional investors.
ETSY has been the subject of several analyst reports. Wedbush cut their target price on Etsy from $250.00 to $204.00 and set an “outperform” rating for the company in a research note on Thursday, May 6th. Zacks Investment Research cut shares of Etsy from a “hold” rating to a “sell” rating and set a $218.00 target price on the stock. in a research note on Wednesday, April 28th. DA Davidson upped their price target on shares of Etsy from $167.00 to $234.00 and gave the stock a “buy” rating in a report on Friday, February 26th. Canaccord Genuity increased their price objective on Etsy from $215.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, February 26th. Finally, Oppenheimer decreased their target price on Etsy from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, May 6th. Two analysts have rated the stock with a sell rating and eighteen have given a buy rating to the company’s stock. Etsy currently has an average rating of “Buy” and a consensus price target of $218.08.
Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, May 5th. The specialty retailer reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.16. Etsy had a return on equity of 73.44% and a net margin of 23.46%. On average, sell-side analysts forecast that Etsy, Inc. will post 2.92 EPS for the current fiscal year.
In other news, CTO Michael T. Fisher sold 5,208 shares of the firm’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $194.11, for a total transaction of $1,010,924.88. Following the sale, the chief technology officer now owns 20,788 shares of the company’s stock, valued at approximately $4,035,158.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Merilee Buckley sold 908 shares of Etsy stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $200.41, for a total transaction of $181,972.28. Following the completion of the sale, the chief accounting officer now owns 908 shares of the company’s stock, valued at $181,972.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,878 shares of company stock worth $14,094,036. Insiders own 3.30% of the company’s stock.
Etsy Company Profile
Etsy, Inc operates two-sided online marketplaces that connect buyers and sellers primarily in the United States, the United Kingdom, Germany, Canada, Australia, France, and India. Its online market places include Etsy.com and Reverb.com. The company offers approximately 85 million items in its various retail categories to buyers.
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