Tredje AP fonden Has $1.10 Million Stock Holdings in Etsy, Inc. (NASDAQ:ETSY)

Tredje AP fonden lowered its stake in shares of Etsy, Inc. (NASDAQ:ETSY) by 77.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,655 shares of the specialty retailer’s stock after selling 64,303 shares during the period. Tredje AP fonden’s holdings in Etsy were worth $1,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ETSY. Accretive Wealth Partners LLC grew its stake in Etsy by 3.8% in the fourth quarter. Accretive Wealth Partners LLC now owns 6,232 shares of the specialty retailer’s stock valued at $505,000 after purchasing an additional 226 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Etsy in the 4th quarter valued at approximately $47,000. Dimensional Fund Advisors LP increased its holdings in Etsy by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 594,667 shares of the specialty retailer’s stock worth $48,202,000 after buying an additional 28,910 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Etsy by 3.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,368 shares of the specialty retailer’s stock valued at $354,000 after acquiring an additional 161 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Etsy by 56.4% in the fourth quarter. Quadrant Capital Group LLC now owns 688 shares of the specialty retailer’s stock valued at $56,000 after acquiring an additional 248 shares during the last quarter. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ETSY has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Etsy from $77.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Wells Fargo & Company cut their target price on Etsy from $58.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, June 25th. Evercore ISI upgraded Etsy to a “strong-buy” rating in a research note on Thursday, August 1st. Wedbush reissued a “neutral” rating and set a $65.00 price objective on shares of Etsy in a report on Monday, July 22nd. Finally, Stifel Nicolaus reduced their target price on Etsy from $65.00 to $64.00 and set a “hold” rating for the company 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.61.

Insider Buying and Selling at Etsy

In related news, insider Nicholas Daniel sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 approximately $1,001,798.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 2,000 shares of company stock valued at $116,395. 2.60% of the stock is currently owned by corporate insiders.

Etsy Price Performance

Shares of ETSY stock opened at $53.91 on Friday. Etsy, Inc. has a one year low of $50.63 and a one year high of $89.58. The stock has a fifty day moving average price of $56.81 and a 200 day moving average price of $61.62. The stock has a market cap of $6.30 billion, a P/E ratio of 24.62, a price-to-earnings-growth ratio of 5.10 and a beta of 1.98.

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