Etsy, Inc. (NASDAQ:ETSY) Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC raised its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 341.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,863 shares of the specialty retailer’s stock after buying an additional 2,215 shares during the quarter. Headlands Technologies LLC’s holdings in Etsy were worth $151,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. 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 acquiring an additional 181 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Etsy during the 4th quarter worth about $37,000. Kestra Investment Management LLC purchased a new stake in shares of Etsy during the fourth quarter worth about $38,000. Versant Capital Management Inc raised its position in shares of 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 buying an additional 499 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Etsy by 95.1% during the fourth quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 426 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.

Insider Transactions at Etsy

In other Etsy news, insider Toni Thompson Nadal sold 1,444 shares of the stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $48.30, for a total transaction of $69,745.20. Following the transaction, the insider now directly owns 592 shares in the company, valued at $28,593.60. This represents a 70.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Josh Silverman sold 21,666 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the completion of the sale, the chief executive officer now directly owns 5,004 shares of the company’s stock, valued at $260,458.20. The trade was a 81.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,952 shares of company stock valued at $2,554,620. 2.60% of the stock is currently owned by corporate insiders.

Etsy Price Performance

Shares of ETSY stock opened at $44.42 on Friday. The company’s fifty day moving average price is $50.45 and its two-hundred day moving average price is $52.43. The firm has a market capitalization of $4.76 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.57 and a beta of 2.15. Etsy, Inc. has a 12 month low of $43.43 and a 12 month high of $71.72.

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

Analyst Upgrades and Downgrades

ETSY has been the subject of several analyst reports. Citigroup cut their price target on Etsy from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Morgan Stanley dropped their target price on Etsy from $45.00 to $44.00 and set an “underweight” rating for the company in a research note on Thursday, February 20th. Loop Capital decreased their price target on Etsy from $45.00 to $40.00 and set a “sell” rating on the stock in a research note on Thursday, February 20th. Truist Financial dropped their price objective on shares of Etsy from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Canaccord Genuity Group lowered their target price 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. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $58.38.

About Etsy

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.