1,696 Shares in Etsy, Inc. (NASDAQ:ETSY) Bought by Mather Group LLC.

Mather Group LLC. bought a new position in shares of Etsy, Inc. (NASDAQ:ETSY) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,696 shares of the specialty retailer’s stock, valued at approximately $117,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ETSY. Bares Capital Management Inc. increased its holdings in Etsy by 57.8% in the 3rd quarter. Bares Capital Management Inc. now owns 4,043,715 shares of the specialty retailer’s stock valued at $261,143,000 after buying an additional 1,480,655 shares during the period. Norges Bank bought a new stake in Etsy in the 4th quarter valued at $86,494,000. Van ECK Associates Corp increased its holdings in Etsy by 26.5% in the 4th quarter. Van ECK Associates Corp now owns 4,616,990 shares of the specialty retailer’s stock valued at $374,207,000 after buying an additional 967,777 shares during the period. TD Asset Management Inc increased its holdings in Etsy by 260.2% in the 4th quarter. TD Asset Management Inc now owns 1,319,190 shares of the specialty retailer’s stock valued at $106,920,000 after buying an additional 952,907 shares during the period. Finally, Epoch Investment Partners Inc. increased its holdings in Etsy by 84.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,309,510 shares of the specialty retailer’s stock valued at $106,136,000 after buying an additional 599,286 shares during the period. Institutional investors own 99.53% of the company’s stock.

Etsy Price Performance

ETSY stock opened at $60.17 on Friday. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 4.70 and a beta of 1.99. The business’s fifty day moving average price is $63.73 and its two-hundred day moving average price is $70.15. Etsy, Inc. has a fifty-two week low of $56.60 and a fifty-two week high of $102.81.

Etsy (NASDAQ:ETSY) last issued its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $0.48 EPS 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 company had revenue of $646.00 million during the quarter, compared to the consensus estimate of $646.30 million. During the same quarter in the previous year, the business posted $0.53 EPS. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts expect that Etsy, Inc. will post 2.49 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wedbush reduced their target price on shares of Etsy from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. The Goldman Sachs Group reduced their target price on shares of Etsy from $80.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Citigroup reduced their target price on shares of Etsy from $72.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Canaccord Genuity Group reduced their target price on shares of Etsy from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Morgan Stanley reduced their target price on shares of Etsy from $55.00 to $52.00 and set an “underweight” rating on the stock in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.96.

Insider Buying and Selling at Etsy

In other Etsy news, insider Nicholas Daniel sold 750 shares of Etsy stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $66.01, for a total value of $49,507.50. Following the transaction, the insider now owns 19,682 shares in the company, valued at $1,299,208.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Nicholas Daniel sold 750 shares of Etsy stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $66.01, for a total transaction of $49,507.50. Following the sale, the insider now directly owns 19,682 shares of the company’s stock, valued at $1,299,208.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Toni Thompson Nadal sold 1,444 shares of Etsy stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $65.68, for a total value of $94,841.92. Following the completion of the transaction, the insider now directly owns 592 shares in the company, valued at $38,882.56. The disclosure for this sale can be found here. Insiders have sold a total of 3,865 shares of company stock worth $253,031 over the last 90 days. Insiders own 2.60% of the company’s stock.

Etsy Company 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.