Etsy, Inc. (NASDAQ:ETSY) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lowered its position in Etsy, Inc. (NASDAQ:ETSY) by 91.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,411 shares of the specialty retailer’s stock after selling 72,387 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Etsy were worth $339,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ETSY. Kestra Investment Management LLC acquired a new position in shares of Etsy in the fourth quarter worth about $38,000. Capital Performance Advisors LLP acquired a new position in shares of Etsy in the third quarter worth about $43,000. Versant Capital Management Inc raised its position in shares of Etsy by 153.1% in the fourth quarter. Versant Capital Management Inc now owns 825 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 499 shares during the period. Blue Trust Inc. raised its position in shares of Etsy by 95.1% in the fourth quarter. Blue Trust Inc. now owns 874 shares of the specialty retailer’s stock worth $46,000 after acquiring an additional 426 shares during the period. Finally, Denver PWM LLC raised its position in shares of Etsy by 36.1% in the fourth quarter. Denver PWM LLC now owns 1,090 shares of the specialty retailer’s stock worth $58,000 after acquiring an additional 289 shares during the period. Institutional investors and hedge funds own 99.53% of the company’s stock.

Analysts Set New Price Targets

ETSY has been the subject of several research analyst reports. Loop Capital reduced their price target on shares of Etsy from $45.00 to $40.00 and set a “sell” rating for the company in a research report on Thursday, February 20th. Citigroup reduced their price target on shares of Etsy from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company upped their price target on shares of Etsy from $44.00 to $47.00 and gave the stock an “underweight” rating in a research report on Thursday, February 20th. UBS Group reduced their price target on shares of Etsy from $55.00 to $54.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, JMP Securities restated a “market perform” rating on shares of Etsy in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $58.78.

Insider Buying and Selling

In other Etsy news, CEO Josh Silverman sold 21,666 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $52.05, for a total transaction of $1,127,715.30. Following the sale, the chief executive officer now directly owns 5,004 shares in the company, valued at $260,458.20. This represents a 81.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nicholas Daniel sold 1,500 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $55.34, for a total transaction of $83,010.00. Following the sale, the insider now owns 22,198 shares in the company, valued at approximately $1,228,437.32. This trade represents a 6.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Etsy Stock Performance

NASDAQ:ETSY opened at $49.05 on Tuesday. The stock has a market capitalization of $5.25 billion, a P/E ratio of 20.70, a PEG ratio of 2.57 and a beta of 2.00. The company has a 50 day moving average price of $53.77 and a 200 day moving average price of $53.73. Etsy, Inc. has a fifty-two week low of $47.10 and a fifty-two week high of $73.48.

Etsy (NASDAQ:ETSY) last posted its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The firm had revenue of $852.16 million during the quarter, compared to analysts’ expectations of $861.37 million. Etsy had a net margin of 10.80% and a negative return on equity of 46.62%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. Research analysts forecast that Etsy, Inc. will post 2.57 earnings per share for the current fiscal year.

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.