Campbell & CO Investment Adviser LLC Purchases New Shares in Etsy, Inc. $ETSY

Campbell & CO Investment Adviser LLC bought a new stake in Etsy, Inc. (NASDAQ:ETSY) in the second quarter, HoldingsChannel.com reports. The firm bought 23,946 shares of the specialty retailer’s stock, valued at approximately $1,201,000.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of Etsy by 52.7% during the 2nd quarter. Signaturefd LLC now owns 556 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 192 shares in the last quarter. Allworth Financial LP grew its position in Etsy by 47.6% during the 1st quarter. Allworth Financial LP now owns 769 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 248 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Etsy during the first quarter worth about $36,000. Brooklyn Investment Group grew its holdings in Etsy by 842.2% during the 1st quarter. Brooklyn Investment Group now owns 782 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 699 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Etsy by 18.7% in the second quarter. Blue Trust Inc. now owns 1,150 shares of the specialty retailer’s stock worth $58,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 99.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ETSY shares. Weiss Ratings raised shares of Etsy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein boosted their target price on Etsy from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, July 17th. Truist Financial upped their price objective on shares of Etsy from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Guggenheim reissued a “buy” rating and issued a $70.00 price objective on shares of Etsy in a research note on Thursday, September 18th. Finally, Cantor Fitzgerald reissued a “neutral” rating and set a $64.00 price target on shares of Etsy in a research report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $64.24.

Insider Buying and Selling at Etsy

In other news, CAO Merilee Buckley sold 11,827 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $61.47, for a total value of $727,005.69. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Josh Silverman sold 150,000 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $72.50, for a total value of $10,875,000.00. Following the sale, the chief executive officer owned 62,674 shares in the company, valued at $4,543,865. The trade was a 70.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 394,619 shares of company stock valued at $25,966,574 over the last 90 days. Insiders own 2.80% of the company’s stock.

Etsy Price Performance

Etsy stock opened at $63.82 on Thursday. Etsy, Inc. has a one year low of $40.05 and a one year high of $76.51. The business has a fifty day moving average price of $65.44 and a 200-day moving average price of $58.86. The firm has a market capitalization of $6.30 billion, a P/E ratio of 51.47, a PEG ratio of 10.65 and a beta of 1.87.

Etsy (NASDAQ:ETSY) last announced its quarterly earnings results on Wednesday, October 29th. The specialty retailer reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. The firm had revenue of $678.03 million for the quarter, compared to analysts’ expectations of $655.83 million. Etsy had a negative return on equity of 31.10% and a net margin of 5.78%.The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. Sell-side analysts expect that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

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.