VIRGINIA RETIREMENT SYSTEMS ET Al decreased its holdings in shares of Etsy Inc (NYSE:ETSY – Free Report) by 45.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,600 shares of the company’s stock after selling 9,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Etsy were worth $829,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Global Retirement Partners LLC acquired a new stake in Etsy in the second quarter worth $34,000. EFG International AG acquired a new position in Etsy during the 2nd quarter valued at about $45,000. Signaturefd LLC grew its position in Etsy by 61.8% in the 3rd quarter. Signaturefd LLC now owns 762 shares of the company’s stock worth $54,000 after purchasing an additional 291 shares during the last quarter. CoreCap Advisors LLC grew its position in Etsy by 2,379.1% in the 2nd quarter. CoreCap Advisors LLC now owns 1,066 shares of the company’s stock worth $80,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Etsy in the second quarter valued at approximately $105,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Etsy
In related news, insider Richard Colburn, III sold 8,252 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $82.09, for a total value of $677,406.68. Following the transaction, the insider owned 6,503 shares in the company, valued at approximately $533,831.27. This represents a 55.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Merilee Buckley sold 5,076 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $90.00, for a total transaction of $456,840.00. Following the transaction, the chief accounting officer owned 5,076 shares in the company, valued at approximately $456,840. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 142,908 shares of company stock worth $12,443,190 over the last 90 days. 2.50% of the stock is currently owned by insiders.
Etsy Stock Performance
NYSE ETSY opened at $91.31 on Friday. The firm’s 50 day moving average price is $79.47 and its two-hundred day moving average price is $68.82. Etsy Inc has a twelve month low of $44.00 and a twelve month high of $97.85. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 2.04 and a beta of 1.76.
Etsy (NYSE:ETSY – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $7.31 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $6.55. The firm had revenue of $692.47 million during the quarter, compared to analyst estimates of $669.04 million. Etsy had a negative return on equity of 43.65% and a net margin of 34.36%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $0.63 EPS. On average, research analysts forecast that Etsy Inc will post 4.31 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on ETSY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $100.00 target price on shares of Etsy in a research report on Wednesday, October 28th. Piper Sandler upped their target price on Etsy from $70.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Rosenblatt Securities lifted their price target on Etsy from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. B. Riley Financial boosted their price target on shares of Etsy from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, October 29th. Finally, Loop Capital set a $105.00 price objective on shares of Etsy in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Etsy has an average rating of “Hold” and a consensus price target of $94.07.
Check Out Our Latest Report on Etsy
Etsy Company Profile
Etsy, Inc operates an online marketplace that connects independent sellers with consumers seeking unique and creative goods. Its marketplace features products such as handmade items, personalized gifts, vintage merchandise, home décor, jewelry, clothing, craft supplies and other goods made, designed, selected or sourced by individual sellers and small businesses.
The company provides tools and services that support marketplace activity, including seller storefronts, search and discovery features, payment processing, advertising, shipping assistance and customer support.
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