Virtu Financial LLC Invests $980,000 in Etsy, Inc. (NASDAQ:ETSY)

Virtu Financial LLC bought a new position in Etsy, Inc. (NASDAQ:ETSY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,621 shares of the specialty retailer’s stock, valued at approximately $980,000.

A number of other large investors have also bought and sold shares of ETSY. Norges Bank acquired a new position in Etsy in the fourth quarter worth $86,494,000. TD Asset Management Inc lifted its position in Etsy by 260.2% during the 4th quarter. TD Asset Management Inc now owns 1,319,190 shares of the specialty retailer’s stock worth $106,920,000 after buying an additional 952,907 shares in the last quarter. Renaissance Technologies LLC lifted its position in Etsy by 21.1% during the 2nd quarter. Renaissance Technologies LLC now owns 4,215,370 shares of the specialty retailer’s stock worth $248,623,000 after buying an additional 734,200 shares in the last quarter. Van ECK Associates Corp grew its holdings in Etsy by 14.3% during the 2nd quarter. Van ECK Associates Corp now owns 5,764,064 shares of the specialty retailer’s stock worth $339,964,000 after acquiring an additional 721,454 shares during the last quarter. Finally, Epoch Investment Partners Inc. increased its position 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 acquiring an additional 599,286 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Nicholas Daniel sold 750 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $55.40, for a total transaction of $41,550.00. Following the completion of the transaction, the insider now owns 18,083 shares in the company, valued at $1,001,798.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,000 shares of company stock worth $116,395 over the last ninety days. Insiders own 2.60% of the company’s stock.

Etsy Trading Down 0.2 %

Shares of NASDAQ ETSY opened at $54.00 on Thursday. The company has a fifty day moving average price of $56.96 and a 200 day moving average price of $61.73. The firm has a market cap of $6.31 billion, a PE ratio of 24.66, a PEG ratio of 5.10 and a beta of 1.98. Etsy, Inc. has a 1-year low of $50.63 and a 1-year high of $89.58.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.05). Etsy had a negative return on equity of 51.94% and a net margin of 10.36%. The firm had revenue of $647.80 million for the quarter, compared to analyst estimates of $629.87 million. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that Etsy, Inc. will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

ETSY has been the topic of several research analyst reports. Loop Capital decreased their price target on shares of Etsy from $50.00 to $45.00 and set a “sell” rating on the stock in a research note on Monday, August 12th. Wolfe Research started coverage on Etsy in a research note on Tuesday, July 16th. They issued a “peer perform” rating for the company. Cantor Fitzgerald assumed coverage on Etsy in a research note on Thursday, September 5th. They set a “neutral” rating and a $50.00 price target on the stock. Piper Sandler reiterated a “neutral” rating and issued a $56.00 price target on shares of Etsy in a report on Friday, August 23rd. Finally, Evercore ISI raised Etsy to a “strong-buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $70.61.

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.