Etsy, Inc. (NASDAQ:ETSY) Holdings Lifted by Simmons Bank

Simmons Bank grew its holdings in Etsy, Inc. (NASDAQ:ETSY) by 17.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,811 shares of the specialty retailer’s stock after purchasing an additional 2,206 shares during the period. Simmons Bank’s holdings in Etsy were worth $1,200,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. CVA Family Office LLC acquired a new position in shares of Etsy in the fourth quarter worth $27,000. Operose Advisors LLC acquired a new stake in shares of Etsy during the 3rd quarter valued at about $28,000. Tompkins Financial Corp bought a new stake in shares of Etsy in the 4th quarter valued at approximately $41,000. Harvest Fund Management Co. Ltd bought a new position in Etsy during the fourth quarter valued at approximately $49,000. Finally, KB Financial Partners LLC raised its position in Etsy by 99.5% during the third quarter. KB Financial Partners LLC now owns 836 shares of the specialty retailer’s stock valued at $54,000 after acquiring an additional 417 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Etsy Stock Up 0.5 %

ETSY traded up $0.31 during trading on Tuesday, reaching $62.77. 2,024,699 shares of the company’s stock were exchanged, compared to its average volume of 3,882,778. Etsy, Inc. has a fifty-two week low of $56.60 and a fifty-two week high of $102.81. The business has a 50 day moving average price of $67.58 and a 200 day moving average price of $71.53. The company has a market capitalization of $7.34 billion, a P/E ratio of 28.66, a PEG ratio of 4.73 and a beta of 2.00.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Etsy had a negative return on equity of 67.27% and a net margin of 10.75%. The business had revenue of $646.00 million for the quarter, compared to analyst estimates of $646.30 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts forecast that Etsy, Inc. will post 2.57 EPS for the current year.

Insider Buying and Selling at Etsy

In other Etsy news, CAO Merilee Buckley sold 1,671 shares of Etsy stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total transaction of $108,681.84. Following the completion of the transaction, the chief accounting officer now directly owns 2,827 shares of the company’s stock, valued at $183,868.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Etsy news, CAO Merilee Buckley sold 1,671 shares of Etsy stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $65.04, for a total transaction of $108,681.84. Following the completion of the transaction, the chief accounting officer now directly owns 2,827 shares of the company’s stock, valued at $183,868.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nicholas Daniel sold 1,500 shares of Etsy stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $71.82, for a total value of $107,730.00. Following the completion of the transaction, the insider now directly owns 13,138 shares of the company’s stock, valued at $943,571.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,968 shares of company stock valued at $4,836,827. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group cut their price objective on shares of Etsy from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC cut their price objective on shares of Etsy from $95.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Barclays cut their price objective on shares of Etsy from $67.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. Wedbush cut their price objective on shares of Etsy from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Finally, Wells Fargo & Company lowered their price target on Etsy from $60.00 to $58.00 and set an “underweight” rating on the stock in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $79.96.

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.